Uh smoke, so i'm hello, hello, hello. We are here for the after the hangout sesh for today, monday january 24th, but more importantly than the date yeah we'll take a look at the market just because it's absolutely insane right now, but i really want to dive into some other things. We've seen going on on the political front and, as you can see from the title, it's just it's just always so insane, it's just always so wildly insane now am i getting any messages about some stream issues? Just so you know the upload speed. I have spectrum internet and it is not good.

I want you to know. I made all the calls i will be getting new internet as fast as the technicians can fit me into their schedule. Just trying to keep everyone apprised on that so yeah it is happening. Hopefully this is like it's so frustrating two times in two weeks like this internet, it's just a huge huge bummer um.

So, if need be, i could always take myself down, because i believe that the audio is fine. It's just some of my frames are being dropped. So if it gets to be too big of a nuisance, we could actually well here. Let me just switch it over right now anyway, so let me just know if my mouth is all messed up or anything like that.

But more importantly, you can see what's going on in the stonk market and hey, i think i might be getting lucky. I switched over to a tesla call and it was a really stupid trade but we're positive on it now. So that's that's always fun. I want to see if i could lock in a quick thousand a little a couple, a thousand buckaroos on that one actually before we get into it.

Let me just see if i can do that really quick, create closing order: 41.80. 4180. 44. 50.

uh nope nope nope delete. Let me just get this order pending and see how this one all pin well, i'm already over the thousand now create closing order all right. Let's do this confirm and send all right. I have the order pending uh.

Oh, i don't know if you guys heard it, it just got filled but uh. I i'm now officially flat um i had the spy puts, the q puts the u v x y and the tesla, the uv xy calls, and then the tesla puts all of those are locked in. We saw a bouncement day. I got tesla calls at an awful awful time, so that was silly, but i just got out of those for a profit and here just to give you guys a little looky see about everything going on uh wow.

That is way too many uh. Here's my screen just to give you guys the situation um right here. You have um, so we've been doing this now for a month we went from ten thousand up to eighteen thousand now we're at fourteen eight, twenty one, twenty one, twenty one over the weekend. Now we're officially over pdt and i am completely flat twenty seven point.

Six thousand. This is just for that little option challenge to see if we could do it, but, as you can see, i have no p l. I am 100 flat going into tomorrow. Why am i 100 flat because the market's crazy right now this is just this - is insanity, so i have no positions locked it in, but between friday to today we made another 6k um.

I feel a little dumb just because at one point today the account was up over 40 but like it was just such a volatile day, and i was a little late to the party like locking it all in as i needed to so that's just where we're At but hey, i'm happy um, it's very easy psychologically to get down on yourself of like you're like oh, i could have had more if i traded it perfectly when like - and i suffer from this myself like you - should just be stoked that you made money like If you're, making a percentage gain like the as warren buffett would say, the eighth wonder of the world is compound interest if you're always making one two percent time and time again like well, don't be mad. That you're like well. If i played it perfectly, i could have had five that type of a deal so whatever it could have been way better and like to me ten thousand dollars, that's a lot of money but um whatever the account is locked in at 27. At one point it was 15k higher, but it is what it is so completely flat right now, completely completely flat and now that i'm flat and my mind's not really distracted on that.

Let's talk about some stuff going on in the market. As you know, uh today's been a very very wild day, everything sold off and the midday around 11 12 everything started to bounce. I was a little late to my exit, but still locked in and now you're seeing a little bit of green at first. This was completely a sea of red and once again i expect volatility to stay this insane all the way up to and including the fed meeting on wednesday wednesday, wednesday wednesday.

But let's talk about more important stuff, this this is wild, so this is dated today january 24, 2022, congress of the united states, the honorable nancy pelosi, the honorable kevin mccarthy, dear speaker, pelosi and leader mccarthy. We are writing to urge you to swiftly bring legislation to prohibit members of congress from owning or trading stocks, such as the ban, continuing act or trusting congress act to the floor, and they should bring it to the floor. This is insane. We know that there is over 50 50 congressional congressional elected leaders who have gotten in trouble, there's 182 plus congressional staffers.

We know there's various federal judges. We know that there is how many federal reserve it's just all these people in positions of power are making super sus trades now because of this because of like how much it's blowing up and becoming a deal like they're, finally doing something about it, but just for A little bit more information on the scenario 27 lawmakers call on house leaders to swiftly ban members from trading stock in office. At a certain point you just kind of wish it was more than 27. I mean i know.

27 sounds like a lot, but remember in congress, there's what 435! If i'm remembering right this, this should be way more than that way way more than that more than two dozen house members from both sides of the aisle are calling for house leadership to swiftly ban members of congress from owning or trading stocks, while in office, there Is no reason that members of congress need to be allowed to trade sock when we should be focused on doing our jobs and serving our constituents now there is actually a political figurehead that you may have heard of before that uh. He has some differing opinions on it. The members write that the law in place to prevent lawmakers from trading on non-public information stock act is not sufficient. This came into reality under around 2012 under obama's administration and unfortunate forces in it is the sec and remember the sec gets paid by congress.

So it's a weird catch-22 like scenario, but anyway, obviously it's clearly not sufficient. In addition to ensuring that members, access to information doesn't advantage them over the public when trading stocks as the stock act sought, this would end the potential corruption of lawmakers pursuing policy outcomes that benefit their portfolios. Now, before i get into just like the hypocrisy that we're currently seeing, i do want to point out to you a couple things. Everything we're hearing is stocks but, as we know from unusual rails report shout out to unusual whales, there's actually been a massive increase in options, and i just am worried that this is going to become one of the loopholes of like look.

We banned stock trading when, in reality, it's just going to drive them to all end up trading options. What i would think is they keep throwing in stock, stop saying it just say: no trading either no training or i am completely fine with if you're gon na trade, we want either immediate updates, like literally the second you do it. It has to go, live to the public or you have to file that you're gon na trade beforehand. That goes to the public, and then they can execute the trade afterwards.

So with this, i'm really really worried because, obviously a lot of these people, lawyers they're - going to get hung up on technology. Like i didn't trade stock, the stock, it bans stock trading, i'm trading options, i'm trading futures, i'm trading, crypto. What's the big deal, i'm not trading stocks, i'm only trading etfs that type of thing i could see them taking advantage of this loophole, so it either needs to be no trading straight up or allow trading but instantaneous. I guess notifications to the public and as soon as you break it, obviously you get no profits on that trade and, let's say like a three strike rule and the second time you get a massive fine and then the third time done.

You pay a fine. You lose all your profits and also you're, never trading again, because with this uh another, i guess sneaky thing that i think could be playing out in the scenario is - and this is another thing i'm worried about - is we know with nancy pelosi. It's not necessarily her training, it's her spouse trading. So with this, is it just all the politicians, but then their spouse can trade still on that information and i'm sure they're somehow legally protected because they're married anyway.

So we need to think about this a little bit more of including immediate family members, and also is it going to talk about etf's options. We need to be very, very specific with what we are hoping for here, but anyway time to get into the hypocrisy. I love this nancy pelosi says federal. Lawmakers should be able to trade stock in office.

This is a free market. I don't care. If you elected me, i don't care. If this is going against the oath, i took i don't care if it's going against the spirit of my office, i'm here i have information and i should be able to train on it.

It's called a free market dummy at least that's how she acts yeah. Obviously, i'm making a caricature of her, but this is wild stuff. So this came out december 16th check out this timeline, so december 16th yeah it's a free market and then it blew up since then of like wait. What the hell are politicians doing over like 70 percent of people when polled, are like no, they shouldn't be able to trade check this out.

That was december 16th. Let's move on to early january house democrats size up next leaders as pelosi rumors turn midterms loon. So, basically, there's a lot of assumption that if they don't win, midterms pelosi will actually step down this coming out early january. So remember we're going from december mid-december, until early jan and now next one jan 14 a week and a half later nancy pelosi under pressure directs house to consider bigger penalties for lawmakers and aides who break federal conflict of interest law.

So you see that she's literally switching over to like oh okay, maybe they shouldn't trade. It's almost like it's like she's, like oh okay. I took advantage of my post the entire time, but now that, on my way way out, what's the big deal, let's ban it, they shouldn't be training, it's so wild that within one month we see her changing her tune. And yes, i'm using this as an example, but trust me she is not the only one.

There are various various other people who this entire thing is just wild. It's absolutely wild. So i know we're talking about her and to me: that's why i'm saying politicians are going absolute wild, but she's, not the only one. Remember in terms of the relative beat of the s p 500.

She was only the sixth best one. There were still five better ones and actually one of the people who outperformed her. Let's, let's hear from him our boy dan crenshaw, this is kind of interesting um. This, the audio is a little bit light, so i will stop talking and just if you want to jack up your audio, so you can hear this particular want to get the segment the horse's mouth on this one.

It wasn't very long ago that nancy pelosi was asked the question regards to can members sitting members of congress, or should they be allowed to have direct involvement in the trading uh in the stock market and things such as that and she said. Yes, it's a capitalist society. She supports that and there was an article that was just published about yourself. I'm pretty sure.

You're, probably aware of this basically talked about i'd, seen some turning point people posting about this and said this is coming from texas signal, saying dan crenshaw stock trading yield with the fifth highest return in congress, basically pointing out that your campaign had received a donation from Boeing, they had lobbied things such as that. Where do you stand on the number two twofold question: do you believe that sitting members of congress should be allowed to trade in the stock market, even though you kind of have direct insight and somewhat control over how that flow goes and which government favorite corporations you Get where i'm going um? Let's, let's start with that one first: where do you stand on that um i mean, i think, it'd be fine. If you wanted to ban individual stock trading um notice, i said individual stocks right, but of course uh as opposed to as opposed to etfs indexes um. You know i i'm kind of neutral on it like i, if, if, if you want only millionaires and billionaires to run for congress, then then keep making sure that we can't raise our pay, that we can't get a housing stipend that we have to just spend.

Um spend or pay rent in two different places. That's fine um! If you want to. If that's what you want to support, but just keep in mind that no one will no one will run for congress, because it's you have no way to better yourself all right. Let me talk again now um so kind of interesting at first, i was kind of with him of like okay, maybe no more individual stocks because of the way lobbyists like really do their things, but if they want to trade the overall market, i'm still always going To be a proponent of either instantaneous reporting or you have to file that you're going to do it and the trade is executed after the filing is received by the public, but then at the end that was so.

You have no way to better yourself. What that's not the point of being a politician, the point of being a politician is bettering your community bettering your state, bettering your entire country, not bettering yourself. I mean, and i understand this argument of okay. You have to pay them a reasonable wage because if not, it's going to only be rich people that apply to be a politician, because they don't need the money, and i get that.

But he's saying that you almost need the success of stock trading to do it. The last time i checked you're getting paid 175 plus thousand dollars on top of all these other just government benefits talk about. You have no way to better yourself. I i just don't get it you're being paid exponentially more than the average income in the us which okay cool well like i want people to aspire to, get and work up to that level, and i do have, i guess some issues with the fact that they Can like vote on their own pay whatever and like? I know, there's nuances to that, but you have no way to better yourself everything i understand about politics.

That's you sh, like your goal, shouldn't be to better yourself, it's a public service! That's why we call it a public servant that is so so wild to understand that that's how so many politicians view this is. They know they're already getting paid most of them like you're, looking at like a minimum of like in the realm of 200 000, which is a lot of money. Obviously, that's a lot a lot of money, but then, on top of it they're like we need to be able to trade, because i have another house, i've been where's your you're getting 200 000 roughly 200 000. I'm not saying that's a specific value, but this is wild.

This is such a like an insidious abuse of power and i'm bringing up dan crenshaw, because i wanted to show you that it's not just on one side. It's not just a left thing. It's not just a right thing. This is people that we are voting into office that they're like yeah, whatever we're bettering ourselves like you should have got voted into office to me, that is wild wild wild, and i guess that's just what the current state of politics really really is another wild story.

We have for you so dave, lauer tweeted out, i just heard a rumor that melvin is down 25 month to date, might be blowing up now. Obviously this is a rumor, so i took a little bit of a deeper dive and this is nuts. It's a frigid start to 2022 for hedge funds, melvin d1 tiger global and more suffered double-digit losses amid stock market, plunge amid a market sell-off that has torched growth stocks and soared during the pandemic. Melbourne capital is once again staring down double-digit losses to start the new year according to people familiar with the performance.

Now remember a year ago, when melvin lost over 50 percent and the likes of steve cohen from point 72 and kangriff and from citadel they're like we're going to invest because they're good, they know what they're doing they were just caught in some like weird abnormal thing. Well, two years back to back, where you're just losing a lot of money at the start and you're saying that these people are stellar investors, that's insane medlin lost 53 percent that month, referring to back a year ago and took 2.75 billion, with a b in new Capital from citadel and .72 and their public reasoning was like yeah, no melvin they're like a great team. They know what they're doing they're future all-stars don't worry about it. This is a great investment.

What are you talking about? A year later, they're losing even more with the rumor being month over the past month, 25 double-digit losses. So we know it's at least 10. wow wow wow. I mean if they were just looking to lose money that quickly they could have just called me up.

Like i would have done it like, i would probably done it for half the cost. If you're just looking to lose money, man give your give your boy maddie boy a call. I i'd help you out losing money, i'd wheel and deal tesla trades for them. If that's, what they're looking just to blow money, jeez, absolutely wild, what a crazy fun start to the year, so much volatility, so much moves the only thing that would have made it better if the volatility of the stocks that we're really honing in on the ape Stocks i wish that volatility was obviously to the upside, but this stuff uh with all this volatility, a lot of interesting opportunity not only for financial gains, but on top of it a lot of good learning opportunity.

Obviously, over the past year and a half like barring january, it's been up in a way, that's what the market has and now with this pullback you're, really kind of hurting honing in on your other, very important trading schools to know that. Okay, not only are you learning that not only does it go up, but you're learning these other things of okay. What is hedging? What is sticking to your trading plan? So all this stuff uh it's been, it could be better. It's never that good, when it's just like this insanity to the downside but uh what a volatile opening very, very volatile opening thus far in the year, and it's no surprise that we're still arguing with literally the people that we vote into office all right now to Close this day out, let's take a final look.

We have about 10 minutes left, i'm here to answer some of your questions on the day and then also we're going to take a look at some of these charts. Just to give everyone a look at just how wild this was it all gapped down, sold off and then around noon just started ripping ripping ripping. I tweeted this out, but like just a another, totally normal completely average trading day in the market. Look at tessa sells off.

Rips takes a breather rips even more. This has gone at 75. The overall market has gone from 421. All the way up to 440.

amc went from 14.50 all the way to 1730 now sitting at 1660.. This volatility is wild. I hope you have a neck brace on, because this whiplash it is insane and part of it, just not really having uh, maybe the most comfort in what the true direction is now because we were down, then we were now we're ripping up um. That's why, in the options, one like, obviously in my stock portfolio, i'm just holding holding holding but i'm saying in my options, portfolio, that's why i'm completely flat - and i will revisit it tomorrow - to see if i see like any opportunity, but i just wanted to lock It in above that pdt mark just so when the market opens up.

Uh like i like, officially, am designated as not having to worry about pdt, so i am going flat into close um. I see a couple of you asking about like specific numbers, so let me reload all of these just so we get the most up-to-date um. The s. P 500 has a short interest of 5.2.

The nasdaq has a short interest of 26. The russell has a short interest of almost 44. amc has a short interest just above 20 and so does gme. This is the first day in many many months that gme short interest has actually surpassed amc short interest.

Um, it's been quite a while, like over, probably half a year now, but once again, uh. The estimated short inches for gme has slightly edged out amc, but really all five that we just went over three of the major etfs for the representing the market and then amc and gme, specifically very, very sky, high short interest levels, particularly on the russell 2000, and That one is noteworthy, do not forget, because amc has the largest, i guess showing it's 0.5 of that entire etf. So when people are buying it, that's somewhat benefiting amc and when people are selling it and shorting it, that is definitely also hurting amc, um that gme used to be in that, but then um when they were doing their. I guess in a weird sense re like balancing of what should be in what etf, i believe it was in may uh jamie at that point, had a higher market cap and it got bumped up to the s.

P. 400 mid cap. So it's not in the kind of the grouping below it just for anyone who is particularly interested all right. So with all that being said, uh we're closing out the start of a crazy training week.

Let me know your questions. Let them fire fire fire away. Just there is no video on rumble, but there is audio uh. Is it working at all now i think this is um.

Well one of the issues we had like the green screen issue this morning on youtube. That was definitely a youtube problem, but these other issues, i think it's because of my upload speed. My upload speed is about like nothing right now, just so everyone knows um. So i i made the call and i'm now just waiting on the technician to show up.

Um, there's no schedule date. Ideally it will be this week. Yes, i will call them um. I have gigabit internet, it's just.

I have spectrum and apparently their upload speed is ass. So i will be doing everything in my power to make this fix as rapidly as i can i'm switching over to verizon files. That's what i previously had in my last apartment and that was definitely way way better, so we're trying to get that rocking once again. So hopefully it's fixed asap, uh matt.

How can iwm be up nearly three percent amc down? Eight percent, you always said they're correlated, they are correlated look at their charts. Look at the shape of the chart they're, because amc's only point five percent of iwm. That doesn't mean it's going to have the same percentage etfs, because they're, an entire basket are going to have lower magnitudes both to the upside and then downside, while equities can have a larger upside or downside. Move equities typically move bigger percentages both up and down relative to an etf because remember in etf, is it a is a sometimes a very big basket of many many stocks, they're not going to be the exact same uh pros and cons of using ema versus ma.

So an exponential moving average. This is a really good. Question puts more weight on the recent bars while a simple moving average or just a moving average equally weights, how many ever bars you're looking at so, if you're looking at an ema of 20, it takes all the previous 20 bars into account equally, while at 20 Ema exponential moving average will put mathematically more weight on the more recent bars, so exponential moving averages are like typically a little bit more whippy, which means that they'll react more quickly, but sometimes that could also give what's referred to as like a false signal. I use them both uh matt.

Could you do small account challenge with starting with of 1 500, because that's all i have i mean i wanted to like so yes, my first goal was to take this account from 10 to over 25. I kind of wanted to see if i could do this again because, like we doubled up, but now that i'm over pdt it's a different style of training, and i wanted to see if i could get this one over 50. So i kind of wanted to make this like a two-phase challenge and then, when i hit 50, maybe we'll do a small account challenge. Uh, maybe we'll just do like a thousand dollars flat and see what we could do with that or if the this this phase, two, if it takes too long, i guess i could do them simultaneously, like open up a different account and be like hey.

This is for the like medium account challenge, and this is for the small account challenge. I could delineate between the two in that manner um. That might be something that we could possibly do, um i'll, think about it, but for right now i was thinking okay like should i do phase two and see if i could, because i just really want to show some more of these active trades, because before i Had to worry a lot about pdt, but now that i'm over pdt, it's just showing off um a different style of training, a little bit more active and in environments where you have a lot of volatility. I mean today alone we were red and then we were now we're green, like this stuff is nuts uh? Sometimes it's a little bit more fun to be active, but also sometimes you can get chopped up in that volatility, but i will uh 100.

Let you know what is the definition of short interest? Uh short interest is the amount of shares that are being bet against the stock and it's a ratio based on the amount of shares that are in existence. So if there's only 10 and one is short, you'd have a short interest of 1 10 aka 10 shares short divided by the total shares in existence also known as the outstanding shares. But a lot of people look at short interest based on free float, which is the amount of shares that the public can trade. Another great question: you guys are firing off with the great questions today.

Are you no longer with amc matt long time? No c i've been with busy with crypto uh, no i'm in wow. That was very very loud. I'm in amc, i'm in gme, i'm in prague, i'm in corsair, i'm in tesla, and then i've been actively trading. This options account i'm in a lot of cryptos.

Uh diversity is important. Going all in on. One thing is something that anyone who really knows about the market would never ever suggest to you all right. What else do we have going on? Well, that's actually the bell for the day that it went ding any ding, ding ding, ding, ding, ding, ding man.

We closed out monday january 24th. What a wild day! I am fully expecting the volatility to continue to be wild up to and including the fed meeting. This wednesday we get the results at two jerome powell speaks at 2 30.. Please, please notice that, like as we go into that meeting on wednesday, like the difference between 1 59 and 2 p.m, there's gon na just be giant bars like huge volume.

Spikes! It's going to be insane, i hope you have your amc, popcorn ready it's going to be nuts. Hopefully we can capitalize on it and make some great great trades and and push that p l higher and higher and higher. If ready. I would truly appreciate it if you could destroy that like button and also, if you haven't don't forget, to join up with the moon king by.