Foreign. Thank you Foreign ER Oh brother oh brother, sorry about that, My apologies, We had a little bit of some technical difficulty issues I Probably shouldn't for one of these times in my life actually restart this computer so things run appropriately. but good morning. Welcome back to another episode of The Mad Core Show today is Monday August 21st and I'm so happy you could join me I Hope you are ready for another barn Burger of the day, another barn burner of a week.

Let's see if we can end. Is this technically the last full week of August Well, next week is four days so we'll round up and we'll call next week the last full week. even though a little bit of a wiggle room, you know we'll we'll treat it like Horseshoes and Hand Grenades folks I Hope you have a great weekend. Did anyone get up to anything fun? I Hope everyone I Hope everyone's coming in today with the mindset of you.

Had a restful, relaxing week and you're just ready to crush it, crush it in the market this particular week. Oh I hope it goes well for all of us. uh I Hope you guys did something fun I Hope you got to hang out with family, friends, loved ones. You did all that good stuff I'm trying to think of what I did I just did so much work I I was coding like a fiend I felt like missed a robot instead of taking down an evil Corporation though uh, I was coding my own trading strategy and it took many, many hours.

but I I'm honestly I'm a little embarrassed to like actually tell you what version of Piper this code is on right now, but we're we're many, many, many, many, many versions. deep, many versions deep. uh I Mean dude, it was just an absolute coding tear. but on the positive side.

on the positive side. on the positive side. Uh, the code. I think that is going to be running hot today.

We'll see. So I have it up, we're running and then on top of that I do have some information and statistics to give everyone on some of that premium selling strategy that we were talking about. So I'll be posting that in locals today. but I'm gonna start posting just with this strategy.

Remember when we're talking about it, this isn't ever meant to be like all in on one play. It's a reasonable percentage of your account, most likely five percent or lower. and you do it time and time again. And you're looking for the law of large numbers.

In the world of trading, you never want to bet the house. You never want to bet the farm on one individual thing because there's really no such thing as a hundred percent accuracy. Think of it as the world of a casino in blackjack. When the edge is in your favor.

all you care about is the law of large numbers. That's what the house cares about when they're playing. Blackjack they're That's why they have table limits. this that the other thing.

they don't want players to like one chance to ruin everything. but they know as long as people are playing Jack Blackjack Time and time again that Edge, the one to two percent that favors them will eventually pan out in the long run. I Think that's the best way to think of your methodical trading. Your systematic trading is.

think about it as like, okay, you're not. Don't get emotional about one trade. You're managing this system and you need it to play out time and time again. Some are going to be winners, some are going to be the losers.

but based on your system, which you should be back testing, documenting journaling, doing all that good stuff, getting it tattooed on your back over a series, you want it to be net profitable. Yes, you're gonna have some losers I Know I know I know I Get it. I've been on social media too I Know that there are people who are telling you every day they're making money. every trade they're making money, they just see the market so much better than anyone else does.

I'm gonna litch it in on a secret. they're Liars they are absolute Liars You really think that some random whatever person on Reddit or Twitter has figured out a system that's so good that's better than what? teams with buildings of the most impressive doctoral, mathematicians, statisticians, physicists can't figure it out You think that some random person on Reddit or Twitter or streaming has figured out as system better than them to the point that they just never ever lose folks. I'm telling you this: This will save you a lot of money in the long run. When any of these people are telling you about their signals and their services and they're acting as if it's always perfect.

They just don't have losers run run as fast as you can, put on your little track shoes. Act like Usain Bolt and Sprint away at the fastest speed you are capable of. There are good Educators out there there's very good Traders out there. But understand being a good educator involves being honest that losers are going to be coming.

Being a good Trader understands risk management you should be able to talk about. Hey, when things go wrong, this is where I Cut it. This is how I cut it. There's not that bad of a drawdown when people are only trying to show one side of trading.

Just winning, winning, Winning Winning winning winning. They're full of it. They're not real Traders at all. Like if they can't tell you how often they're losing, the percentage of time they're losing, the average size of their losers, and how they manage it versus their winners.

The average size of the winners, How they manage their winners, Dude run. Sprint I'm not saying you necessarily have to listen to me, but I'm telling you, you should definitely Not listen to those other people Find someone who is as insanely transparent as they can possibly be on all metrics. That's the only way. that's the only way to do it instead of these people like, just here's a winner.

Here's a winner. Here's another winner. Here's another winner. I'm green every day.

every day. every day. If they were that good. I'm telling you this: I Promise you this right now they wouldn't be on social media.

They would be a billionaire somewhere on their own Island Sipping some Mai ties just sitting on stacks of cash because apparently they figured out the secret to the markets that no one else has. They wouldn't be like on Twitter looking for your likes or your engagement. like let's just be like, a little bit realistic about that one. we I've been saying this and I feel like I'm almost on a soapbox now for the past couple weeks.

but I think it's just because whatever series of books I'm reading right now, it's continually bringing up these types of stats. The best traders in the world in the world when about 40 to 60 of the time. Obviously it's dependent on which one you're talking to, but it's around 50 50 plus or minus 10. That's where the best traders in the world reside.

There's some Traders actually one Trader I was just reading about. Shoot, where's that book? Uh, it must be I don't know where I put it. Um, I'm reading the unknown Market Wizards by Jack Schwager I Had the fortunate opportunity to interview one of the people profiled in that book. Uh, Jason Shapiro he's a contrarian Trader He wins about 38 to 40 percent of the time in that.

Oh no, which one is it? No, it's a different book. the Best Loser. Sorry. I'm reading a couple books right now.

This other one blows my mind. their winning percentage. It was this. uh, these two guys from Europe who ended up making a hedge fund because they noticed some like weird systematic imbalances and they were some for whatever reasons running it in.

South Africa They ran it for a couple years. It was like these two older guys who have been around the block. Once in a while they realized something funky was going on. so they traded it for a couple months.

couple years. They won 25 of the time, 25 percent of the time as in three out of four trades they took were a loser, loser, loser, loser loser. But what's fascinating about it is the ratio of the winner to the loser. The winners were 25x, so a quarter of the time they were getting 25.

whatever. X their whatever their losers were. So 75 of the time lost a dollar, lost a dollar, lost a dollar lost a unit. We'll call it a unit, lost one unit.

And then when they won 25 of the time, one in four times the winner was 25 x The Profit Like that's an amazing strategy. An absolute amazing, amazing, amazing strategy. So just you can have a phenomenal strategy that doesn't win that often. You need to look at the percentage of win time and lose time versus the average winning size and the average losing size.

You put that all together and then you get a better idea of your average trade with winners and losers included. So I mean they were wanting 25 of the time, but when they did win, they were winning 25x. Dude that that's a gold mine. That's a gold mine.

They had to shut it down actually because they made so much money and they were just old and wanted to enjoy the rest of their life. They didn't even shut down the hedge fund because like it wasn't working anymore or anything like that, like the edge is still there, someone could trade it. I Guess people aren't like blah blah blah, whatever reason had something specific to do with that market that they were at in that locality. That's why they're in.

South Africa Uh, but it's there. They're like, no, we're we're rich, we have money we have like we're gonna go enjoy our life which I guess that's that's something to do. You know why are you in trading to begin with? To me I'm in trading because I want the flexibility of what being successful in the markets can do. You don't have to clock in on a nine to five.

You don't necessarily have to do a job that you don't want like you can put in that upfront work to learn a skill. And as long as you're disciplined to follow your own methodology and actually apply the knowledge that you've learned I mean the world of trading. If you're successful in this game, it's very, very difficult to be successful in this game. If you are successful in this game, you can make boatloads of money and then I like to take it to the next level and I got a little bit off like my true North Star Path last month doing the degenerate options.

It was fun. It's a little fun to show off. The Big Numbers It makes you feel some sort of way. The days that you win, you feel like God the days that you lose, you feel like garbage.

Um, but like I said I feel like that was a bit of a deviation from my particular. North Star of what I want to do in terms of content. Uh, that career path. also.

so my trading career path and just where I want to do like in my own personal life I Believe the ultimate situation is creating your own automated trading systems. I I Believe that's the perfect way to live life. Maybe maybe it's not yours, but I'm saying for me, there is nothing better in this world than creating a trading system that you trust in. you rely on, you know it's profitable, and then it does all the buying and selling for you.

It doesn't matter if you're sick, it doesn't matter if you're tired. It doesn't matter if you're hungover. It doesn't matter if your vacation vacation, It doesn't matter if you're having a good day, a bad day. It doesn't matter if you're fighting with your spouse or kids.

It doesn't matter if you just don't feel like looking at the market that day. it is trading for you. To me, that's the ultimate thing. that's the ultimate hedge against everything.

Rising Prices, lowering prices, inflation, disinflation. this thing. that thing. El Nino Earthquakes.

It doesn't matter if you have a system, especially if it's coded or properly it works. You've done all the due diligence it's You've tested it and then you have it. Up On A Cloud Server You don't care, you're just sitting there letting it do its thing in the background and then you have time to do whatever you want if you want to create another system. Double Down Triple Down quadruple them have at it if you want to go watch TV If you want to watch Netflix If you want to go to the gym if you want to just hang out with a kitten, you get to do what you want.

and I get it. Maybe there's some hardcore people in here who absolutely love like sitting there and watching the charts and that's just like what gets your rocks off. That's not me dude. I'm doing this because I like the concept of making money doing my own thing being my own boss like that type of a thing.

If I had a way to make this kind of money off the market and didn't have to watch every single minute bar of the market, of course I would do it. You cannot tell me that it's somehow healthy to look at. like the charts going up and down and you're feeling good and you're feeling bad. you're seeing your money going up and down.

There's no way that's healthy to do that for hours a day from 9 30 to 4 ET every single day Monday to Friday and then I know it. I've been there. you're getting up in the middle of the night. you're seeing what's going on in the Futures Market The first thing you do when you get up in the morning is load your trade whatever, loading up your trading account and you're seeing where your positions are at or right before you go to bed.

You're like Okay and like then you're imagining you're like okay, what if the Cap's up but what if the gaps down? oh okay. like it that type of emotional swing and I was personally experiencing a lot of that in the month of July. It's not healthy it folks. it is just simply not healthy.

It's fun, but just because something's fun doesn't necessarily mean it's healthy. So like I think there's a reasonable argument where you use a small percentage of your account to do that type of degenerate stuff and I wish you the best of luck, but treat it like what it is, a gambling account and then most of your money. The Lion's Share should be in something that you like truly have faith in the long term success of. So just wanted to get that out there.

Hopefully, hopefully, hopefully, hopefully it gives you a better Foundation maybe to look at the market today. Whatever your trading plan is, stick to it. Be as systematic, be as cold, be as emotionless as you possibly can, stick to your entry rules, stick to your exit rules, and whether you make money or you lose money, that's a good trading day. It is a winning trading day if you stick to all of your rules with a hundred percent accuracy.

If you end up making money, but you didn't stick to your rules, I'm not going to count that as a win. I'm not gonna. you should hold up. Oh man.

this is exactly why I Never get invited I'm Kelly Ripa show you know it's crazy. it's just she. she doesn't want sneezers on her show and I'm I'm too nervous I'm I get I sneeze when I'm nervous and I'd be on our show and she'd be like welcome to the show Matt and I like look at her really awkwardly and then I would sneeze and honestly, she'd probably kill me right there in front of everyone. She probably just and I that'd be the end of that'd be the end of the Matt core show.

the end of the Mad core show. Uh, but what was I talking about Before that sneeze rudely interrupted the entire Mad Core show. I'm trying to think of where I'm at it. We were going somewhere there was there was some sort of good direction.

Oh good days. Bad days. Good days and bad days shouldn't be defined if you made money or lost money. A good day should be if you fat followed all of your training rules and a bad day should be if you broke them.

There are scenarios where you did everything perfectly and just by the law of large numbers, you're gonna like suffer a loss. it happens. Then there's also days where you did dumb things and ended up making money. You shouldn't necessarily feel good about it I'm stoked.

You're up money like I'm happy you're you're making money but if you're always like it almost like instills a bad habit in you of thinking okay, well if I break that rule last time I ended up getting back to break even and I cut it so I should be good, That's just not a good mindset because the very next time it could just keep going down and down and down and down. and then you could just blow out your whole account and then you're not trading anymore anyway. So just something to consider. Consider, consider, consider.

Uh, on that note, folks, if you haven't already, I'm happy that you're here early with me this morning. Destroy the like button like button on both Rumble and YouTube really much helps out with the algorithm, the YouTube algorithm, and then the rumble battle leaderboard. So if you're watching right now, if you like the Mad core show, Even If you hate the Mad core show show, how much you hate me or like me by just murdering, killing, unaliving that like button and obviously don't forget to subscribe. And while you're doing that quick shout out to today's stream sponsor Street Beat.

Use the code Matt an easy four letters that will get you a 30-day free trial pinned to the top of chat in the description. The video is Street Beat. You could also use your phone with this QR code free to download to your iPhone free to download to your Android It is free to download and then on top of that, you can use it for one month for free. So when I'm saying music, what do I mean? Well, yes, you can buy and sell stock the way you normally would, just so you don't.

They do not accept payment for order flow Kickback But what's even more impressive about that is they're directly connected with AI Oh, they're hooked up with Chat Gbt. so they have pre-made trading strategies. What we were just talking about where a robot does the buying and selling for you. They created the strategies, but on top of that, you could create your own.

So some of the pre-built ones are mimicking politicians. Whatever politicians are buying and selling, your strategy would also be buying and selling. They have top government contracts. They have a bond ladder one.

They now have a like an Eco AI one I Don't know. they're changing them every so often like the ones that they offer, but on top that, you could just go build your own with AI so you could talk into it and just be like give me a strategy that mimics Warren Buffett and it will do that. You could do one for an alien invasion. You could do one for a high dividend yield and a high Fed rate environment.

You could just literally type it in, use your microphone and the AI will create the strategy and then you could choose to use it or not. But once again, the robot does the buying and selling for you. I Think it's one of the coolest things that retail can currently use. So once again, check it out! Free to download and you could use it for one month for Free by using the code Matt M-a-t-t put it on in on the very first page pin to the top of chat in the description of the video I Know if you've been watching me for a minute, you've heard me talk about this before.

If you've heard me talk about it and you've yet to use it, what are you waiting for? Man, the times Now today's the day you know you were particularly waiting for Monday August The 21st and the day is now here. So it's time. It's time. you just really pull the trigger on it.

time you pull the trigger on it. Stock futures nudge higher After another losing week on Wall Street So here's how things looked. They went down as quickly as Sean O'malley Just decks on did you guys watch that fight? Uh Sean O'malley I Came in to challenge the champion for the belt. He was the number two seed and he didn't win the first round.

He argues that he did, but we all know he did it. He just landed less punches and got hit way more, not way more. I think it was what 21-6 like? It was kind of a neutral first round. Then I'm talking about the UFC fight.

Um, what was it for 135? I think that was the weight class. Is that what? Sean O'malley's at I think it's 135. Uh. second round.

A minute or two into it, he just slipped one punch and cracked him so hard. just so hard. Dude it was. it was very reminiscent of McGregor uh Aldo Uh, you slip one punch, you slipped the over extended arm and you just crack them as hard as you can.

It was Bantam okay uh it was awesome. So now we have a new champ. uh sugar Sean O'malley But basically this is what's going on with the Bulls and the Bears. The Bulls have been winning the way.

Sean was losing the first round and then they slipped a punch and he just came in with the overhand and cracked him into the next week. Uh, beautiful punch. Maybe the stoppage was a little bit early but I I don't know if we really need to get into that I think he would even if he like if the ref let him get cracked a couple more times like it was gonna go his way like you don't have to give him brain damage. but anyway, um I watched that fight.

It was a fun one because we are kind of getting I don't know. a little bit closer to the end of August I Do want to remind everyone that the final week of August so not this week. but next week from a seasonal perspective does favor the Bulls and the start of September is a little bit Rocky. but then as we push to like about two-thirds of the way through, it really favors the Bulls And then the final third of September.

It actually gets really, really bearish. So I'll talk on that in more detail when we get to the end of August. But I just kind of want to get everyone's mindset ready for next week. But obviously, lots of things to talk about for this week.

But anyway, the final week of August is a bullish one, then a little choppy, then pretty bullish. then it gets pretty bearish. Uh, October choppy with a little bit of a bullish way. really till the end of the year.

But that's where we are in a little bit of the bigger picture. Now for this week we have various things going on. The most important thing is going to be at the end of this week because all the fancy schmancy fed members are meeting up with the Illuminati uh and they're going to be having some big meetings and big talks and then we're going to be hearing on Friday at 10 A.M technically 10 05 from the Chairman of the FED Jerome Powell please mark your calendars. The last time this happened, it caused a huge Market sell-off if you go a year ago in last August when we were hearing from Jerome Powell After the Jackson Hole Symposium it was a good day to start, then it went red and then we just kept selling and selling and selling for the coming days.

So please be careful this. Friday Please pay attention. I'm not telling you it's going to be bearish I'm saying I'm expecting a lot of volatility. so please be careful with it.

And then obviously throughout the week, nothing's really going down today. Uh, existing home sales tomorrow? Building permits PMI New Home sales Uh, as always Wednesday Crude oil inventories initial jobless claims so there's some stuff going down this week. But the major major thing is this: Friday Friday August the 25th Fed chair pal speaks I Guess this is as good of a time as ever to let everyone know that I personally will have a little bit of a funky schedule this week. so tomorrow, so today is normal tomorrow though I just have the morning show because I actually have to fly from here in New York to Milwaukee if you guys don't know what Milwaukee is, it's a town and this particular town this particular week will be hosting the primary debates for the Republican party and through Rumble who's hosting it I'm actually going to be doing my show from that place Wednesday morning.

So Wednesday of this week is the debates the Republican primary election debates. So I'm going to be flying out there Tuesday evening. so I'll be missing the afternoon show and then the Wednesday morning show. My normal Morning Show is actually going to be from the, um, that place.

Uh, so I'm very excited for it. It's going to be something crazy. It's just another wild opportunity that I would never ever thought I'd have. um so I just wanted everyone to know Tuesday afternoon show.

Maybe if I could pull something off from like the hotel or something I will I know I land at 4 pm. So maybe there'll be like an evening show on Tuesday from the hotel Wednesday specialty show from the arena that they're doing the debate and everything and then I don't know what's going on Wednesday afternoon because the debate is later I think it's around like 9 00 p.m so I need to figure out what's going on Wednesday afternoon but that might be skipped then I Fly back early Thursday and I'm gonna rush back here to try to make Thursday a normal day so content will be out there. schedule. A little bit funky and because of all that, make sure you're on both Rumble and YouTube because obviously when I'm there with Rumble it's going to be exclusively on Rumble.

So if you're there for that show and you want to check it out, make sure if you're watching on YouTube right now, make sure you at least for that day. uh, have an account on Rumble and I Always think that's a good safety measure anyway, just because of the fact that sometimes YouTube doesn't like me and they kick me off. So it's a good safety measure in terms of earnings this week. On top of all that, uh, the major thing is right here: Nvidia after the market closes on Wednesday And this is kind of what I really want to watch so I might figure out a way to like specialty stream this with all of you.

Uh, so anyway, Nvidia after the market closes on Wednesday we're still technically in earnings season, even though almost all the major earnings plays have all their already reported. Uh, we're at the point where yeah, maybe some people watching Pita and some people watching Nvidia some people watching snowflake. So there's a couple to pay attention to. maybe a firm? I Know some people like to watch that Ulta as well, but the major one of the week is NVIDIA Zoom is after the market closes today.

This was obviously a high flyer, a big big beneficiary of the lockdown period. I Don't know how many people are really paying attention anymore, but I don't know. But anyway, Nvidia Nvidia Nvidia Nvidia this Wednesday Market Calendars do whatever you need to, but time to see if this company is going to continue to the upside. Exciting times: China's Central Bank trims one-year rate, but unexpectedly leaves five-year rate unchanged.

China's one-year loan prime rate was cut by 10 basis points from 3.55 to 3.45 just shy of the 15 basis points that a majority of economists expect him. China left its five-year loan prime rate unchanged at 4.2 percent, while economists expected a 15 basis point cut. So we're seeing kind of an interesting development where we know that China's economy is not the best right now and Xi Jinping the president of China is kind of playing Hardball with it. Run it cold.

Why is Xi Jinping is leading China's economy flail? China is steering clear of big stimulus, even in the face of deflation risk. He's in an interesting way. The best way I could summarize this is just lending the economy, letting the country take their medicine, and saying hey, it's going to be painful, but this is the best way to get through it. XI Jinping's quest to rewrite the Playbook that drove China's economic Miracle of four generation is facing its sternous test.

Yet the 18 trillion dollar economy obviously second to ours, but huge is decelerating. Consumers are downbeat, experts are struggling, prices are falling, and more than one in five young people are out of work. 20 of the youth in China are out of work. Uh, Country Garden Holdings Co With 3 000 pending property projects up and down, the country is on the cuspid default and protesters have gathered at Zhangji.

Enterprise Group one of the biggest Shadow Banks demanding their money as payments are halted. It's not a good situation evergran. Uh, just filed for bankruptcy last week or the week before. We've been talking about this for a bit.

it's on until I Don't get why there's big big people I believe one of the guys leading the charges Ray Dalio I Want to see but I want to say but you might want to correct or double check me on that one. but there's big big prominent people in the US telling you yes, invest in China It's a great Market to invest in and I just don't see what they're saying like I understand the concept of doing the opposite, but it just seems like there's farther to go down like I get buying in on a discount and I don't think China's gonna like disappear overnight, but it looks like there's more pain that needs to be had. without a doubt, at least in my opinion, many of those woes can be traced back to president G's determination to shift away from the debt-fueled growth model of his predecessors. Awkward for us, because that's what we do.

We just keep jacking our debt up and up and up and up. Even as the real estate crisis deepens, there's been only limited measures to cushion the blow, prompting forecasters such as JP Morgan Barclays Morgan Stanley to downgrade their projections of China's economic growth this year to below the government's five percent. Target Foreign investors are pulling money out with the Central Bank boosting efforts to staunch the yawns. Excuse me, Yuan's tumble toward the weakest level since 2007.

The Treasury Secretary Janet Yellen this month termed China a risk factor, which is that definitely pissed them off for the U.S wall her boss President Joe Biden called China's economy a ticking time bomb at a recent campaign event. um I Don't disagree with them which I guess is a weird thing for me to say whenever it comes to Biden but I don't think he's wrong I'm just surprised that he had the balls to say it. But where Biden has opted to run the economy hot spending trillions of dollars on household stimulus and infrastructure to Goose the economy I Like that to Goose the economy. She is running his cold in a bid to finally break China's addiction to fueling growth with speculative apartment construction, low return projects funded by opaque local borrowing.

If China is a ticking time on Xi's AIM is to defuse him, which is then I'm saying it's awkward because that's for us. that's the same thing. If that's a ticking time, Tom We're taking time bomb and we're very much addicted to it as an economy. As a country of just printing, printing printing printing.

so are they making the right play the wrong play? Obviously, time will tell on that particular note. Diggity Ding ding ding. The casino is open. Best of luck to all.

Play responsibly, if not have fun very quickly while we're out of the gate. I Do want to let you know that there's technically isn't any. There was a downside Gap though on the spy uh in pre-market but we came down enough right before the market opened that we actually had to push right to the upside. This green line at 437.57 was the Gap though so technically no Gap though today because we opened up just below it.

But there is a downside: Gap Fellow opportunity on the NASDAQ 100 being tracked by the ETF QQQ down here to 359.41 So once again, there is a downside. Gap The opportunity on QQQ to 35941 I believe it will be feeling getting filled today like without a doubt. uh, very quickly just while the market is opening. Um, obviously I don't want to do anything in the first five or ten minutes.

A couple other very important things to talk about. so it seems like weather's going nuts right now Southern California Prepares for more floods as tropical storm Hillary soaks from coast to Desert So this is happening in California right now. uh, rare Rarity of a hurricane. and then I was reading that there was also an earthquake.

so kind of the old one-two combo. On top of that, obviously in Maui 850 people still missing those fires have been horrendous If you ask me. The Federal government hasn't been doing even close enough to help the people of Maui in that area. It's not.

Major shipping routes are struggling with water shortages. El Nino Could make it worse. An increasing incidence of climate driven extreme weather events is taking its hole on the world's major shipping routes and animals fear that the onset of El Nino could make matters even worse. Low water levels on the critically important Panama Canal have prompted the Central American country to reduce the number of vessels that pass through the key global trade route.

So weather's going nuts right now I Hope everyone's being safe I Hope everyone is in a situation that this is not impacting them. I'm sure some people watching right now this is impacting you I hope everything's going fine I Hope media is overblowing it I Hope it's really not that bad, but some of this stuff is absolutely nuts. So this is what I alluded to before uh of just the debates that are coming up this week. so the show is going to be a little bit wonky, but I will still be doing the show anyway.

Apparently the former President Trump will not be there Trump says he will not be doing the debates with rivals Donald Trump said yesterday on Sunday that he will skip the primary debates against other Republican presidential candidates sending a new poll showing him with a wide lead over his Rivals for the GOP nomination and it is a considerable considerable lead. So for a bit there if you go back to about March of this year, Trump and DeSantis were clearly like the people who I don't know were they were the major ones being talked about and they had a shot. but now we have DeSantis who's been slowly but surely on the downtrend. Uh, Tucker kind of bodied him and ever since then he's been coming down down but you know who's actually picking up is Vivek uh so interesting to talk about I'm going to be looking into it a bit more just on more well informed myself.

but he very much does have a large lead so it makes you wonder like why would he do it anyway so wanted to share that uh also wanted to talk about this meta's threads app to launch web version as rivalry with X enters new stage so everyone was talking about threads. it exploded to 100 million users and now I believe about like 10 to 20 are actually using it. and one of the biggest issues is there's no web version so this will probably bring some people back but it makes you wonder why did they just not have this already prepped to go? because the attrition rate is not where they want it to be? So anyway, threads trying to come back from death. but I just I mean are any of you at actually still using threads is my question I was using it for the very first week and then I kind of noticed that it's seemingly no one else was using it.

Um I want there to be more competition I think more competition is better for the consumer at the end of the day I Just don't know if this is actually going to be where it comes from. With respect to today, this is on locals macross.locals.com is always in the description of the video. Sign up. You could get this for free I Want you to know that in terms of seasonality, today's neutral doesn't really favor the Bulls, doesn't really favor the Bears and you can see what's coming down the pipeline for later this week.

Uh, Ray We'll talk about that later and we'll play this for now. So just talking about Baba and China and IPOs and the hot new kid on the Block uh, Arm is like this has been one that everyone's like. Okay, like what's going on with it. So when I'm talking about Baba in China there's a big one there ant A-n-t which was under Baba and they were like supposed to launch it a while ago and everyone was excited about that.

and then Arm which is more in the world of like semiconductors chip there were going to be some Acquisitions and then the deals were getting denied I Believe by Regulators in Europe If I'm right about this, but Arm is a huge company I think Nvidia tried to pick it up and they got uh, not allowed too close to a monopoly. So in the world of where we haven't had exciting IPOs people were waiting for it. Didn't happen. People were waiting for the merger with Arm and that didn't happen.

But now it might be ipoing. so semiconductors are hot right now. They're like really really hot right now. So I Just thought we could listen to this and just maybe something exciting to pay attention to.

We know they've been lackluster to say the very least. Generally does this Does this kind of open? the Taps Does this encourage others to come to markets? How big a deal is this? In terms of listings? that's certainly the hope both for the the bankers involved in the deal as well as the IPO Market that horde of companies looking to make it to. Market. Remember, this would not only be the biggest of the year, we were in a deal drought that is the worst we've seen since 2009, and a company of this size the largest we've seen this year already is Kenview, which was about 3.8 billion dollars in a size of listing.

Uber in 2019 was a more than 8 billion listing and we know that Uber since then has been pretty lackluster in the way that it's traded as far as Kenview goes. same same deal. We have not seen a big jump in the values since the IPO earlier this year. So the demand that we see in the market will depend on two things.

It'll depend on the market environment, and it'll also depend on what they actually price the shares at. We know that South Bank has acquired the rest of the Vision Fund stake, for example, and that has already valued the company at 64 billion on one hand, this is a sign of strength to set a floor here for the IPO price, but there's a question of how much SoftBank will actually sell sell into the market at the time of this. IPL whether they'll decide to retain more. Also, just to note SoftBank who is selling some of our men to the market? They were also the ones involved with Wework, which is now essentially like Kaput and Dead and sell more down over time.

Fortunately, let's expand on that here because if you're looking at kind of the investor appetite for IPOs right now from a Marcus perspective, there really isn't any, but this is a massive Uh company that doesn't really have any major competitors. What does a road show really look like for this one? Well Road shows where you raise money for an idea. This a little bit earlier. Remember three ways to hit the market in: IPO a direct list.

Those are the three most popular ways to become publicly traded. Do they come in with less strategic interest coming in? IPO is probably the most popular. That would certainly be a sign of strength. Nvidia is ripping today up 3.6 Tesla 3.4 Guarantee that the fall markets won't be choppy, and the market environment itself is one one big question.

But should they open the floodgates, you see other companies like Instacart potentially coming into the market. You've already seen Down rounds in companies like that, which could ease some of the pressure once they finally come into market in terms of what their valuation is on day one on public listing. All right. So just want to talk about that because we really haven't had exciting IPOs or really like company debuts in a minute so just thought we could cover that.

Pay attention to it. Um, so we have to wait. It's not like it's debuting today, but I just wanted to cover that, especially because we're talking about Nvidia and video particularly having a good day earnings after the market closes on Wednesday of this week. And this stock is just the it.

I Don't know. It's like the David Goggins of stocks. It just keeps going. It's just carrying the logs.

It just keeps going and going and going and going. It doesn't matter if it snaps its leg halfway through an ultra marathon in the middle of a desert, it just I I Don't get it. And this is actually the fact that it's up so much is A if you're a Trader I'm talking about a day trader or swing Trader It is a very, very good reminder that sometimes fundamentals are stupid. Nvidia is so it's been fundamental.

It was fundamentally overvalued back here at 275. and guess what? it's trading at 450. Uh, I Get it. You watch news, you watch whatever whatever Financial media Source you like to pay attention to if it's just me I Feel bad for you, but hey, maybe it's a little bit more enjoyable in your life Financial Media time and time again.

Fundamentally overvalued. Fundamentally overvalued. Fundamentally overvalued. That's what we heard way back when with AMC and Jamie fundamentally overvalued and they got like mad about it.

But remember, as much as your books in college will tell you that the markets are efficient. They're not. That's like one of the big lies ever told is that the markets are perfectly efficient. They're always pricing in everything perfectly every single microsecond of the day.

They're not. That's one of the biggest lies going in the market. They're not efficient right now by any metric. Nvidia is grossly overvalued, grossly overvalued.

But guess what it paid to still be able so I at the end of the day? I Really, Really believe the thing that leads things higher and lower is just price action. Paying attention to price action, and following the trend. Nvidia You could have been bullish on it, and it could keep going up and up and up. And if it's still trending in your favor, why would you pull the ripcord? Why in the world would you pull the ripcord when it's still trending in your favor, even knowing it's fundamentally overvalued if you decided to get in and out of positions specifically on Nvidia If you decided to get out of something because it was fundamentally overvalued, you would have missed out on a huge, huge profit.

You would have missed out on a massive massive windfall. So with that, yeah, maybe you should talk about fundamentally over and undervalued in your long-term investment account. But once again, if you're a day trader, a swing Trader Something that's like actively betting on price action to the upside or the downside I mean I Don't think we should ever just ye a fundamental Breakdown off a cliff and not care about it at all. but understand there's a time and a place for everything.

In my humble opinion, a fundamental analysis and breakdown is appropriate in your long-term investing account. I'm not against fundamental analysis or a fundamental breakdown, but in term, if you're a day trader, you don't need to care about fundamentals like at all if you're a day trader. If you get in somewhere, get in and out between 9, 30 and 4 fundamentals should be. It doesn't matter.

You don't even need to know what the word means. You don't even know how to spell it. You don't need to know about it at all. It just does not matter.

Medium term. It depends on your definition of like how long your swing trade if you're swinging something for like a year or two. Okay, like maybe that matters if you're swinging it through the quarter. Yeah, that might matter.

Did they do well that? Court Did they mess up that quarter? But if you're talking about just like a movement of like the next couple days being fundamentally right it, that's too big of a time frame to matter for like a minute to minute movement, an hour to hour movement, a day-to-day movement, It just doesn't matter in that time frame. So I'm not against it. I'm just saying use the appropriate tools for what time frame you're paying attention to in the market. and I'm sure in here, there are some people who are long-term investors, so hey, have that Understand the fundamentals.

It's made Many people billions of dollars look at Warren Buffett Long-term Fundamental Investor. He buys companies that are fundamentally undervalued and he hold them, holds them, hold them. Then there's other people on the other side of it who are literally pure price action. That's what high frequency trading is.

It's pure price action Looking at orders in and out with like, faster than you could click your mouse, faster than you can blink. And they make money That way you can make money in many different styles in the market. You just need to find one that's like appropriate for you so long term I like Nvidia But no one could argue that it's fundamentally fairly valued right now. It's trading at a massive massive ratio of its price earnings.

It's trading in a massive massive ratio of its like anything it's Revenue to its value. Like any classic breakdown of fundamentals will tell you, Nvidia is overvalued, but it keeps going up. So as an active Trader Yeah, you ride that. Trend Just because you think it's under fundamentally un overvalued, that doesn't mean that you short it today.

Actually, in fact, I probably wouldn't play it this week at all. because it does have earnings. You don't need to be predictive of earnings, just be reactive. Nvidia has proven itself time and time and time and time again that after a big announcement, usually it's earnings, but sometimes they just have other generic big announcements that produces nice.

Trends You don't need to predict earnings. You could wait afterwards. you can be reactive to the earnings. You don't need to be predictive.

You can wait till the numbers are out. You can wait to see how the market digests it And we know Nvidia makes nice Trends You don't need to be the first one on the train you don't like. If anything, you might risk just heading in the wrong direction. So I would in no way be predictive of Nvidia and its earnings.

I would just wait for it to happen if I had to guess. Of course I have my own opinions and biases. Um, I think it's going to miss expectations and that's really not a knock on Nvidia It's just because its expectations are so insanely hide right now. I Believe they're expecting what was it? 11 billion in chipset.

Like the Num, the forward guidance they gave us in the last earnings were some of the most ridiculous numbers we've ever heard of before. Um, if it somehow beats those expectations, Yes, Nvidia is going to rip faces off, rip everyone's face off. Uh, but just by how high those numbers are, and also the increased tensions in the last fiscal quarter that the U.S and China had and also the slowdown in China I think it's going to be really, really tough to beat those numbers. Uh, but if it does, it'll be huge.

Upside: Huge upside. Uh, what do we have? What do we have? Oh, I didn't ask you guys. Uh, so anyway Nvidia having a really good day today is up 4.6 Tesla is up 4.6 Nvidia is up 4.2 excuse me I swapped those two So some of these tech stocks are really holding well. which is nice because over the past two weeks they've been getting absolutely just slaughtered.

so it's nice to see you bounce a bit of a bounce back. Will it hold? I Don't know. The Spy didn't have a gap fill today. the Q still have a gaffle to 359.41 Um.

I mean I might be a crazy person, but I still think this is going to get filled today. I Still think we get this gap for 359.41 and I'm just saying that because I know the odds are favorable of it. Um, do you have Tmi's crew in here now? He isn't streaming live I Don't know is Tmi's crew in here? If so, they're welcome I like TMI I'm a fan of TMI Tmni we're friends. Um, they're more than welcome here.

and I hope you guys feel more than welcome in history. Uh, I Do have a question for you folks. uh and I Guess if Tmi's crew isn't here, feel free to participate. Uh, what do you guys think? today is going to be bullish day? bearish day? Matt At some point during the setup at the debate, Center you need to pull someone aside and deadpan tell them that you don't really want to run for president.

That's a good one. Be like I'm a little nervous to announce this, but um I don't feel I don't feel that I should run I Feel that I should run for president. Just sign up for your locals now I Got to figure out how to use it. Uh, it's pretty easy.

it's just it's gonna almost be like a chat board. a message board with like the overall threads and that stuff. The pin message will be the seasonality. Uh, but hey, shout out Jorge the ape I appreciate you joining just so you guys know.

Um, we're I'm still actively speaking with locals to get locals hooked up to. Discord So uh I keep asking them. they're telling me that they're making good Headway good progress so hopefully sooner rather than later it'll be hooked up there and we have some really, really, really cool things planned for it. Um I'm beyond excited Beyond excited So uh, in all reality, you always want things to happen yesterday.

so I wish this was already done I wish we were already rocking. but hey, it is what it is. It is what it is. So sometimes patience pays and I just want it to be um, as good of a service.

and I want to do things in there that just other people aren't doing because that's that's the fun thing I Want some degeneracy I Want a trading? League I Want I want to know who the best Traders are I want like weekly, uh championships monthly quarterly bounties? we could go head ahead. it could be fantasy we could start I don't know, like almost like talking other Traders like I just I want trading to be more competitive the way fantasy sports are. the way we cheer for sports teams or the way Esports are I don't know how that's not happening in the world of trading and I'm just gonna do it. You know, if you want to see something done and it's not being done, sometimes you just need to lead the charge on it.

So I think that will probably be a big effort of mine for the remainder of this year and next year is I Want to create a degenerate trading League where everyone can compete. You can watch it. There's daily weekly quarterly updates, there's trophies, there's prizes, there's talking. I'm almost picturing.

like imagine a weird mixture of like MMA like UFC Like all this talking but also like Esports where like you're tracking them and you're rooting for them like I think we can make something really really cool? Uh, really really cool. How do I sign up? Uh well. the Trading league is not a thing yet. Uh I am talking to Coders.

A website is being built out it like we just need a better tracking methodology because I mean you might find this surprising. but in the world of the internet, there are people who lie about their trades. So the biggest technical issue right now is track accurately tracking people's trades. Um, so we're trying to figure that out, but it is being built out I Just want everyone to know about that.

But in terms of locals, like where I post some like for example today I'm going to be every single day, I'm going to be posting some trade and trading ideas and I give seasonality out for free. but if you want to be a premium member on locals, it's only ten dollars a month I Intentionally priced it very cheaply I Wanted everyone to feel feel welcome. Um, so it's ten dollars a month. A hundred dollars for a year.

Macquares.locals.com It's in the description of the video if you're on. Rumble Right now, there's a giant red button that says join Locals That'll bring you right to it. So once again, Macquares.locals.com Um, for Free. You don't even have to be a premium member I Give out the seasonality of the S P 500 for every day of the week so you just know if the seasonality is favoring you, not favoring you and what we're working on.

Other cool stuff of why I Was coding so much this weekend? honestly this past weekend I Easily coded like 15 to 20 hours? Um, it was in between. Like filming all the content I need to. It was a lot. A lot of coding, but what we're going to do is right now.

There's two strategies being worked on and kind of finalized. Just ironing out some. Kinks One of them is a directional intraday trading strategy and the other one is an options premium selling strategy. The options premium selling strategy is closer being done.

it's like 95 of the way done to the point that uh, for the premium member on locals I will be posting that trade per day once again just to remind everyone those trades that's not meant to be all in like your full account. It's not degenerate stuff. This is supposed to be a slow insure grind to the upside. You're gonna have some winners.

You're gonna have some losers. But as you look at a large amount of those trades, the idea is a slow, nice grind to the upside. And then as you feel more confident you can put more money behind the system, it's not like, oh okay, like every single trade, the full account. No, it's gonna lose some percentage of the time.

In fact, it's going to lose about 30 percent of the time. But the concept is the winners will outweigh those said losers, so just want to throw that out there to everyone. Tiblio has an awesome premium selling. AI Yeah, so they basically have a AI strategy that is kind of the wheel strategy.

It's like a really good improved wheel strategy. I Like Tiblio I Like the guys who run Tiblio, they're cool guys. like they're really, really informed about the markets. They're smart guys.

I I Happy to work with them. What would you say is your biggest factor to success? In the world of trading? Or in the world of content creation Or in the world of being a cat father? In the world of being a fiance? In the world of being the world's biggest Pico influencer? Um, what would you say is your biggest factor to your success? What? What part of My Success Uh, are you talking about pissing off like the AMC cultists because like I'm pretty successful at that in trading? Um, that's an interesting question and to be it's a great question. but to be honest I don't always feel like a successful Trader There are sparks of like I feel like if I looked at a calendar year I feel like there's I get like almost get hot like the phenomena of like whatever like a hot shooter in uh, the NBA I feel like I have hot periods and cool periods and because of that I don't really feel successful I don't and I think I I need to get rid of those cool periods. It's one thing to go neutral but like I have periods where like my losses like unless if I didn't have those periods of big Winners I have some pretty bad periods.

um so I I in all reality I don't feel like that successful of a Trader I just like I don't have this amazing multi-year track record of every single month putting up a green month, every single year having an amazing green year with like my emotions in control I haven't been able to put that together and I hope none of you are coming in here thinking that like oh, this is a guy who's like I don't want to be presented as like some phenomenal Trader where week over week, month over month, he's green year over year. He has amazing numbers, especially with his discipline and emotion in control. if I'm being like really, really forthcoming with all of you I personally think that I still have serious, um, lack of discipline bouts that I need to like bring together in my own career to like get to that next level I think I have enough knowledge of the market and I think I have enough understanding mathematical just Financial business-wise to be a really good Trader I Think the biggest thing that's lacking for me is uh, the emotional control the discipline control. So if I were ever to get to like what I personally consider to be a successful Trader um, that would be it.

That would definitely definitely be. it would be just Superior Discipline control I think that's what separates good Traders from Bad Traders and I think there's most Traders or bad Traders and most Traders lose most Traders are undisciplined. most Traders have um, like a motion control issues like they get too excited when they win, they get too sad when they lose and like that's a part of trading. like um, I'm not hating on anyone for it because I think that's a commonality of trading.

Uh, especially when you do it as a streamer and everyone's like you. You guys have seen me, You guys have seen me with big wins and it's exciting. You've seen me with big loses and it's like sad and I get frustrated and I get angry and I end up going on the stair stepper for an hour until I can't even see straight. um like I I just want to get that under control.

So I don't want anyone to think of me as some sort of like massively successful Trader I think I have certain moments of success that can be learned from. But more importantly, I think I have clear televised moments Of failure that you could probably even learn more from that. um, greed is your downfall no uh I would say one of my biggest issues is Revenge trading like if I had to partic, uh, pick a particular emotional downfall and like put a name to it I think revenge trading is um, the second one would be letting my like not sticking to my mental or actual stop like moving my stop whether mentally or like physically on the chart. If I have a stop I'm like no, no, I'm gonna give this a little bit more.

uh but I think revenge trading is really like my Achilles heel at the moment is if I have like a losing trade I try to make it back way too quickly. if I have a losing trade I'll like double triple quadruple the size and try to make it back real quick and then it gets out of hand. So then I Revenge trade on the Revenge trade and then again it just like spirals out of control. It absolutely just spirals out of control.

It's like a little bit of a loser I get mad about the loser. so then I double up to try to quickly make it back. and then that double up trade ends up being a loser. and usually when I double up which is like this is the most interesting psychological phenomena I Don't know if other people experience this I'm in a situation where or this has happened to me.

Um, where the trades that I go bigger to try to quickly make back money are the trades that for whatever reason I'm specifically not waiting for my setup an ideal setup which really should blow anyone's mind if you think you're gonna size up on any Play It's which is probably not smart unless your system calls for it. but if you know you're taking like unreasonable size I generally end up doing it in a double situation like doubly bad when I'm also just randomly doing it I'm not even waiting for an ideal setup. It's silly to with like I mean you should never be going too big in size for your account like there is proper bet sizing techniques. but how insane is that? That like psychologically, you're willing to go even bigger on a situation where you're like it's just gambling at that point.

Um, so I think that's one of my biggest issues. Uh, I've had that one under control for a couple months now. like I haven't had like a bad bad issue with it. Uh, but it's still been present this year without a doubt.

Um, same same Raul You're like dude, you're speaking my language. you're speaking my language man. Um, what time is it? 9 57 All right, let me very quickly here. I'll be putting in uh some August August 21st, uh zero DD zero.

All right I'm getting ready for this. Oh the kitten text looking real good today. let me get this all typed out. I Was talking to cat uh the host from Friday and he was saying that you guys loved Toby Keith Is that right? He said that Toby Keith was a huge hit in here.

Um how where's the best way to present this? I'm trying to think of. um dude, the cues are going today. Keys are feeling feeling good? Uh okay. I'm ready for this Ready Ready ready actually I Want to execute this trade myself? Boom brother.

Whoa. Uh, the Alga's trading the new Revised Algo home brother. Uh uh. it either made money or quickly lost money I don't know I mean I have to check in on that I'm trying to fire off this option trade but it is not grown the way I need it to.

Okay, well that's not working right now. What happened there? Let me see. Let me see. Let me see.

Let me see. Uh, the algorithm worked today and out of the gate a 60 loss including commission. So try to buy that breakout and then on the pullback. Uh, quickly said no, quickly said no on that pullback.

so it went long and seconds later you heard the Oh Brother uh and loss about two points. It lost two points on that two points and I'm trotting. Um, so we're still in the testing phase. We're kind of getting closer to being done, but uh, the Piper strategy try to buy the breakout on the pullback.

The fact that it didn't have enough momentum to keep going. it said. no way Jose no way. Jose Um, Okay, let me.

uh, uh, how much are these trading at right now? 80 each? All right posting this trade over here. Okay I put a trade up on locals just now for uh, zero DTE options. Um, so I'm gonna start to do doing that pretty much every single day that I see a good opportunity. Uh, but for today August 21st, Uh, zero DTE Option from this strategy was posted.

Uh, and it's just a nice basic premium selling strategy. So I I gave the estimated levels the strike prices, but it's all in locals, macross.locals.com foreign. What is the advantage? Trading ETFs instead of indices directly? Um, there's not really many. Generally trading indices is better.

Um, price like ETFs can be cheaper. So for people with smaller accounts, or if you're trading an account that you just put like less money into, there could be an advantage there. Uh, like if you're trying to buy SPX it's four thousand dollars. but spy is 400.

Um, so beyond that I mean there's more liquidity in the actual index. There's tax advantages. um I think better volatility and better movement. Um, but I think the index itself is generally better than the ETF, but the the one Pro in ETFs in my mind is just cost.

It's way cheaper to trade. Way cheaper to trade. Uh ETF Especially if you're looking at options like one spy call is way cheaper than like an SPX call. So cost ETFs are safer.

No, we're talking about the Spy versus SPX. It should have the same percentage gain and loss. So like the Spy is an ETF tracking the S P 500, the actual S P 500 it is SPX. Um so this they're gonna move the same.

So like if I put this under it Like right here. So even though the prices are different, you're going to see how the movement is the exact same movement because it's inherently the same thing. It's just this: ETF is created to track this. but this has tax advantages.

Uh, it has more liquidity. There's various things to consider, but obviously if you want to buy one spy, it's going to be cheaper than one SPX. Then there's just to be clear here, there are other ETFs exchange traded funds in ETF and exchange traded fund is literally just a basket of something, a basket of commonly of stock. So the Spy ETF is the basket of the thing that makes up the S P 500.

But there are other ETFs like SMH SMH Right here is an ETF that tracks the semiconductor industry. So this is tracking things like Nvidia AMD at a certain weighting. Um, Kre recently came onto the scene because this is the regional banking sector and people started to notice it when it got slaughtered when Banks were blowing up back in uh early. March.

So Kre at least this year got a little bit more popular. I Mean there's