Foreign laughs Oh brother oh brother oh brother hello hello hello hello What? International? Well good God Dollar Tree Home brother, home brother. We have one in front of us today. Team Team it's a Friday TGIF You know what that means. This is the day we celebrate our Lord and savior the good old Us of A at a Texas Roadhouse I Hope everyone has an abundance of plans to get themselves them golden little pieces of bread with some of that cinnamon butter.

You know how I feel about that cinnamon butter. That cinnamon butter makes me feel a little bit better I Have a good day makes the day better. If I have a bad day makes the day good. If I have an okay day makes the day amazing I didn't know I clicked in only fans link Well your God tartan right? Sorry for those.

All right? Oh, there's a cat in here. Where the hell that thing come from? Funny things about cats. Funny things about: they're funny little creatures. Aren't they them? These little kitty things are.

They're funny little creatures. They uh, they have a screw loose and sometimes they sound like they swallowed a little barrel of bees. If you ask me, there's a oh Jesus what the hell are you doing? would you look at this thing? would you look, what in tarnation are you doing there? Okay, okay okay I guess we're doing the show with a little bit of a a feline friend if you will hear. oh brother brother brother brother looks like someone else is selling a lip reading.

A little bit of a fraud. What in the world, What in tarnation are we doing? Where do we go? Where are we going? Which way you want to go? Huh? this way that way this way. Oh brother, oh brother, you guys do this thing. What? Oh Forest Cat Oh Forest cat thing What in what in the world What? What in the world We'll put that little kitty down for a little bit.

We do got a a financial show to cover. we have a bit of a we gotta talk about them Monies We got to talk about that. Oh brother this hair is all over these Goldilocks are all over the place I Gotta go see old hang down at the corner one of these days. get this hair cleaned up, make this mop a little bit more pretty but uh we'll do that after the show.

we'll do that after the show folks. it's a Friday happy Friday to you I Hope you had a good day and I hope you're ready to crushed case of Bush Light tonight as we're waiting for the that football season waiting for that old football season to come back. but uh, we might as well warm up. There's a little bit of preseason football I Know some of you are into the world of fantastic football.

I Myself have a fantastic team and uh, we're feeling real good about the boys. This year we're feeling real good about that fantasticity team. uh, I have I got the old Joseph Burroughs Barrow I believe he has a bit of that New Orleans Louisiana a little bit of that Creole in his name. So that boys up my alley.

uh uh I'm I'm planning on enjoying a lot of them Bush lattes this season? uh watching my boy Joseph Barrow Baroo baroo If you're fancy, if you drink your bush latte with the pinky out, you're gonna call him Joseph Beroux. but he he's gonna do well this year he's gonna do well now I Know I know you didn't come to here to talk about them footballs I Know you came here to talk about the Old Market So we're gonna get into it. Don't get mad, don't get mad, we're gonna get there I see some angsty people in the audience and hey hey brother, go get yourself a little kitty. You gotta chill.

you guys gotta just take a little bit of rear. It's gonna be okay. it's gonna be okay. Don't you worse? No, no need to worries, you don't need to worry your little.

Go ahead. uh folks. if I'm gonna tell you the truth and I always want to tell you the truth, we're having a rid of some technical technical difficulties I Need I need one of them nerdy college educated kids in here to help me out because uh, this is not showing what I wanted to show. but maybe this is just what happens.

I do have a bit of a positive report I Have some notes from Matt from last night. He left me a message telling me to tell all you cool cats and kittens that, uh, looks like he made some serious overhaul to the code base and we're feeling real good about the Piper strategy in the market today. now. What's that based on I Have no idea but he said he feels real good about what's going on in the market today.

Speak it. Oh well. jump in Jeepers This: this Market looks a bit. It's more red than my dad's Bond This Market's a bit more a bit more red than my daddy's big red tractor.

Foreign this uh, this Market is a bit more red than the face of my fiancee when I come home after a day of crushing them Bush Lattes with my buddies out on the golf range. This is a red Market Red Red Red. Really red in fact. uh.

I'll make you feel some sort of way at all. This this is as red as the red. white and blue. ain't much green in there today, that's for sure.

Well, an old congratulations to the people in here who swung those puts overnight. uh, redder than your neck. That is offensive. Let's calm that down there.

Craig It's only red because we're out working all day. Um, but that that doesn't look good I Don't There's there's two ways things look in this world and one's good. And if it's not that by old deductive reasoning, it must be must be bad. Well I guess it's in the eye of the beholder.

That's what they like to say about some of my Finger Paintings as well if they're good or bad, but in this one I Guess it's good to you if you have them put. If you're betting against that market, you must be feeling real good right now I Personally have no position because I don't really know what I'm doing with my life both career-wise emotionally, physically, spiritually. but that's what they say. That's one thing we always say out here in the back.

40 in the back 40 Traders you gotta get a little lost, get a little found If there's one thing my daddy taught me growing up, he said hey, hey there cat One Life Lesson and I said what's up daddy Daddo And he said you say, you can never really get found if you're never lost I said Daddy that is the truest thing I've heard in many moon you can't be lost. If you're not found, you can't be found If you're not lost, it works both ways. It's the transitive property of being lost and found. If you're trying to find yourself, it only makes sense to first get lost.

So shout out, shout out to everyone who's in here. Maybe all of us together today can be lost because that's the first step in being found. You're never going to be found if you're not first loss. that's just science.

Don't shoot the messenger. But maybe just maybe I'm right because I did make it to my eighth year of Education before I dropped out of that system. But if you aim first, you last. That's honestly that's one of the best movies ever made that really represents the true true capabilities of what's going on in America Talladega Nights Shout out Ricky Bobby though my second Lord and savior second Lord and Savior Folks, we have a couple things to get into today.

We have a couple two three things to get into. Before that Bell goes dingy ding ding ding and we should get into those now because we're running out a lot of time and I am not a hundred percent sure if all of my screens are working, but hey, that's what happens. stock, future slit, setting up major indexes for another losing day. Well, that's I could be really good or really bad.

Uh, I ain't no scientist, but it does look like the Market's going down. You know what else went down and goddamn Brits in the Revolutionary War this thing's going down as much as that T is in the harbor. Hell yeah. America Don't forget it.

Don't forget it. Walmart and Target face similar problemos, but only one is thriving. Well, the answer to the one that's thriving is this one. because the secondary one went the way of Bud Light So be careful with your TGT there's a bit of a gap up, but it was no longer holding and it's getting his face kicked in.

On the other hand, WMT that mold Waltons performing a little bit better. Yeah, got crapped on yesterday, but hey, once in a while in this life you just need to get crapped on. That doesn't mean it's gonna dissuade you if you will. I know it's one of them fancy words, but I read it out of the old dictionary.

Uh, sometimes you got to get crapped on to keep going forward if that makes any sense, if that makes any sense to anyone in here Now, our friends and I say that very lightly because we've had quite a few problems with them in the past. Well, their old economy not looking the best Hong Kong's Benchmark the Hang sang index closes and bear Market territory now old Mateo left me a couple notes that he's been preaching to you fellas and Fellers that uh, he's been preaching the good word that China's been a little bit on tilt. you know, you know those days where you're driving your old Ford Bronco and then here the engine going a little bit sputtering and you think to yourself, well if I just turn up old Toby Keith a little bit louder I'm just not going to hear it but deep deep down inside you know it's on tilt. You know the old Bronco doesn't have many more miles in it.

Well, judging from the notes that Mateo left me, he's been telling you exactly what's going on in China And no matter how much Toby Keith you Blair through the radio, you're going to hear the engine. Now it's going down. So please be careful, especially because it's getting pretty serious. China's hidden Financial Dangers erupt with Shadow Bank Crisis mistrust, payments, spark protests, forces, restructuring, trust woes add to weak economy deepening Housing Some folks, it's not good real estate.

Evergreen Just pretty much blew up China's property giant. Evergram files for bankruptcy production in Manhattan Court This news broke yesterday and all the signs are put in South You know you know how them old people when the temperature changes and the Gregorian calendar gets a little closer to November December January You know how all those old people go south. Well, that's pretty much the direction of China's economy right now. very very much.

South Evergreen Bankruptcy protection Their real estate sector until their housing sector until the gosh darn government isn't even reporting the employment stats for the Youth of China anymore, that's not a good thing. You don't just stop reporting something if it's good, you only stop reporting something if it's bad. So they're they're having some problemos. Mi amigo X Paying shares dropped seven percent of the Chinese EV Car maker posts a record quarterly loss.

So individual companies until Real Estate Sector until their banking sector a little questionable Employment questionable Growth questionable. It's not good friends now. I Do want you to know that our other friends across the pond well, we used to kick the out of them. Now we treat him like our little brother.

I'm talking about Europe old Eurozone CPI Their inflation came in at 5.3 percent. the expectation was 5.3 so pretty much in line. So Europe not the best situation than Germans and them Dutch They're in a recession. We're probably in a recession too I was I Was talking to my buddy Hank down at the 7-Eleven the other day on the corner and he was talking to me about how bag of Doritos is now up to four dollars a bag of Doritos four dollars.

Can you believe that when I was growing up Doritos were two dollars? So for the current amount of Doritos I can now get only half the amount. So when I'm there looking for a yummy lunchtime snack I have to pay double the price to get my Doritos So looks like our European friends are also having equivalent Dorito problems. but that's what inflation does to you and the big man. the big man down there in DC he tells us there's no Dorito problem.

but Hank and I both agree there is a Dorito problem. so I don't know what's going on. but I want my Doritos to be back where they need to be? Just want to throw that out there I Know it's a little bit anecdotal, but Hank Hank knows a lot about Doritos and he was telling me that just the other day at that 7-Eleven. Now I do want to come back to housing, but we should talk a little bit about this before that.

Bell goes dingy ding ding dong when we get them Bush lattes at that casino this morning. But Bitcoin You know that that money that people talking about the money in the sky. You know how sometimes they talk about it being in the cloud but not the cloud in the sky. It's a different cloud.

Like there's Cloud that makes the rain. Then there's the cloud that does the computer stuff. Well, this is that second. Cloud the second.

Cloud that does the computer stuff well. Apparently that cloud also has money. so one cloud has rain, another cloud has money, and one of the monies in the second cloud is called Bitcoin Well, Bitcoin's not having the best day. Similar to the way the rain falls from the cloud.

apparently, the value of this Cloud money called Bitcoin Down Down Big Bitcoin Uh, brutally tumbles as much as nine percent which is just over twenty six thousand. Whoa, it's a big number late. Thursday Well, that's not good now. Our boy Alien Man Mr Elon Musk was blamed for this.

Elon Musko has historically been in support of the cryptocurrency. Well, the old Wsj they Wall Street Journal had been reporting to us that SpaceX had sold a bunch of its old Cloud money. Well, if you really read it, they didn't say that the action came a few hours after the Wall Street Journal reported that documents show SpaceX wrote down the value of its Bitcoin Holdings by 373 Million last year and in 2021 now I was on Old Twitter and a lot of people pointing out how that doesn't mean it's sold. So I just wanted out there that there was a lot of heebie-jeebies in the old Cloud Money sector.

but apparently it was a giant misunderstanding between Elon SpaceX and Bitcoin monies Cloud Monies. So uh, be careful there because lots of erroneous information going on and about the old Bitcoin world. so no clear evidence that SpaceX sold, but that still had the net effect of scaring the heebie-jeebies out of the old Cloud Money sector. So be a bit careful there now.

I'm proud to report that probably the best company in the entire world reported this morning. Well, second best little Texas Roadhouse but we had John Derr John der reported this morning man every time I see that golden yellow and that field grass green? Makes me feel some sort of way. what a color scheme? Anyway, John Derr reported pretty much marking the end of this particular earnings season, so there's going to be more going on in the future. Obviously, there's always more earnings coming down the pipeline, but for this particular earnings season, you'll be able to put a feather in the old cap because that's kind of the end of it now.

I Know a lot of you guys feel a certain way about this fake Lizard Man Mr Ken Griffin but apparently he's been making some power more move down there in the South I'm talking about old Florida and some real estate stuff and some people happy. Other people are particularly pissed off. This is a story about the power of the billionaire. Ken Griffin has a mask.

Don't forget your coffee. Just a year after moving to Miami from Chicago, so I'm in Brickell Mommy's Financial Center and that's where Griffin's company Citadel has its new headquarters. Earlier this year, Florida's governor and presidential candidate Ron DeSantis pushed through an anti-china law. It would have made it impossible for citizens of China and six other countries to buy property in Miami even a home.

It was one of a slew of similar laws the Republicans passed across the United States to appeal to their conservative base, but in Miami, the law stood to complicate Griffin's plans because some Citadel employees are from China and other affected nationalities. Final law in Florida was changed so that Chinese Nationals with U.S work visas were clear to buy property in Miami and most of Florida and that's only because of Ken Griffin Now Griffin used a sliver of his fortune to hire the lobbyists in Tallahassee who secured changes. Consider those employees from China and anywhere else are free to buy their own home. So turns out if you have that done Arrow You can do whatever the you want in this country.

One of the beautiful things about America if you want to spend your money on them: Doritos at the 7-Eleven with Hank you can. On the flip side, if you have billions of them Cloud monies, you can pay off Governors to rewrite laws for you. So that's the fun thing about. America If you choose to buy Doritos you can.

If you pan to play for completely new laws favoring your own business, you can. So I think that's a a good lesson of the day. The people who are rich with the more Rich you are the more you win. It's like that song win win win It's all I Do win win All right.

So there's your Ken Griffin Uh, we're going to talk about some housing and I have another story on that one for Hank for you. But remember things are until today very very much on tilt. If you look at this, it don't take one of them SpaceX rocket scientists to tell you things are looking pretty red. Uh, we're gapping down.

In fact, yesterday is low 435 75. We're currently trading at 433.81 now. I do have a couple notes, but we like to call that the Upside Gap fill. Now, this reminds me of when I was a little boy working in some of those hay mouths.

And once in a while, if you weren't stacking the hay properly, structurally, it was unsound. You gotta fill those gaps. You gotta fill those hay gaps or the whole haymow comes tumbling down. And that's the last thing you want when you're in a 120 degree haymount with old Gerardo yelling at you in a language you don't even understand and you're just trying to get through the summer.

We're getting paid five dollars an hour in cash because it's under the table because it's hard labor field work. But Gerardo's yelling at you because you're not stacking the hay right. and then if you don't stack it right, it becomes dangerous. and then you get stuck up there.

and then you're wearing long sleeve shirts, you don't get cut up on your arms, and then you get allergies and then all of a sudden you're sneezing and you're having a guy yell at you in a language you don't understand. My point is because that gaps are dangerous. Gaps are very, very dangerous, so pay attention to that. Currently trying to have 434 Upside: Gap Films of 435.75 You're going to want to see that Gap filled before the whole hey now comes tumbling over.

So uh, be a little careful there. Also shout out to Gerardo you know he was a field hand, but he had the aspirations to be a truck driver. So wherever you are Gerardo I Hope you're out there just being a highway Cowboy driving that truck the way you always dreamed of. Shout out to Gerardo shout out to Gerardo So looking pretty negative.

the old Tech sector, those fancy little boxes and the fake clouds that aren't real clouds, but sometimes they're real clouds, but other times there's completely fake clouds. Uh, looking a little bit negative as well. Clearly nowhere has lower lows looking. Potentially for the breakdown of 357, we are a gap below that.

There's an upside Gap fill to 358.16 so be a little bit careful there. that's about two and a half buckaroos which is almost a full bag of Doritos So be a little careful there. Be a little careful there on that team would you? Would you? Um, could be some upside Gap fills or this could just be an absolute vomit Fest The same way I get when I'm on that. the the local fair, the county fair and I'm on that one.

That machine that goes down round and round and round and round and you start to go up and you're pinned to the wall. but sometimes if you have some fried Oreos in your system, it doesn't make you feel the best. Then everyone's looking at you when you get off and they're like you don't look so good, you look a little pale and I'm like no, that's just the bush lattes and they're like oh well, why'd you eat baskets and baskets of those fried Oreos and then go on the circular Tron and I'm like I don't know I don't feel so good and then folks, it don't taste as good on the second time up rather compared to the first time down. So be careful.

Be careful. be real careful folks, we have about four minutes. Uno Doso treso cuatro cuatro cuatro me Amigo Minotos till that Bell goes dingy ding ding ding Now before we get into it I Do want to turn it over to you for any questions before the casino opens before we crack a fresh Bush latte Folks help me help you, help me help you help me help you figure out what's on your mind. You playing puts the answer to that is no amigo Amigo I would.

But if you look at the calendar we are currently in August and uh, in August We're doing a little bit of a Futures training challenge so your boy is going to be trading Futures today now I Don't want to freak anyone out and I want you guys to think that I'm a time traveler or anything of that sort. This is not that kind of a future. It's actually a completely different thing, but I will be a little bit bearish biased which speaking to be embarrassed bias. Please don't forget that today.

Friday August the 18th does favor the Bears. Now there's certain days that favor the Bulls. This ain't one of them days, they say one of them days. This is one of them days that the Bears are favored if you look at what this day has done over the past two and a half decades which I've had a lot of Doritos in that time just thinking about it.

But anyway, if you look at the last 25 years, the Bears have won this day, the Bears have won this day half the time. and when they win, it's considerably larger than the times than Bulls win. If you want this information this old seasonal information it is pinned to the top of check it is in the description of the video. You can get it for free.

You just gotta join mat course I'm not talking cat mores I'm talking mad cores. He doesn't let me have my own website quite yet, but we're working on it. It's in the contract negotiations. But anyway, if you go to Maccourse.local.com pin to the top of chat in the description video you could get this seasonality faux free which is actually cheaper than a bag of Doritos.

Anywho, it does favor the Bears things are looking bad. You have the daily chart set up, the price action, the fundamental economic updates and seasonality all favoring the Bears today. Now does that mean it's going to be a bearish day? Well, no, just because it's bear season don't mean you're gonna go get no bear. They're They're quick little or quick little almost shasty characters out there in the Woodlands.

So be careful. be careful. Looks like it's bear season for sure, but that don't mean you're gonna get no bear. That don't mean you're going to get no better.

The only thing we're going to get. The only thing we're gonna get today for sure is obviously a word from our Lord and savior Toby Keith our Lord and savior Toby Keith So as we're going into market open today, please please raise up your bush bush latte to the only person who's really worthwhile following in this world old. TK I Don't even need to ask. but I think we're all a little spun up right now.

We're all a little bit spun up and that is some good news folks. Dingety ding ding ding. The casino is open. As long as we have the big TK on our side, nothing's gonna go wrong today.

Nothing is gonna go wrong today with TK on our side, folks. Buckle up. Crack a bush latte. The casino is open.

messenger, pay responsibly if not have a hell of a good time. Hell yeah. This actually like really kind of hurts my voice. If I'm gonna be just to break character for a second here.

Like it, like like kind of really up your throat to talk like that the whole time. No DMC on that track of course I'm gonna get Dmced come on dude. but it's worth it. You guys are worth it.

I Don't need money I live beyond money I Live I I live with Doritos just bag of Doritos per day. You guys know how it is. Uh, they're only was a weird trade. What the uh uh.

where are we at on the day today? Where are we at on the day today? Where are we at on the day today? Uh let me 19. 19. guys remember that number this code is maybe right, maybe wrong. No one really knows.

No one really really knows. Nope, we're keeping it that way. We're keeping it that way. The Doritos the Dory toes All right we're running code is up and running.

Piper Version: Gazillion is up and running. Officially we are good to go. I Will let you know if it do does anything and try to short Reddit Market open and on the very first minute pop. it ended up getting stomped out for a uh, a small 34 loss after commissions.

Look for that upside Gap Though the cues is to 358 16, the Spy is to 435.75 Uh, obviously on an intraday bias I am bullish I would like to see the upside Gap fill first that ends up coming down I Would like to see the upside indicator come. uh I don't maybe pop a little bit. Dude, things are getting on this morning. This whole China situation.

So Dinah situation is not a good one, not a good one by any means. Uh, let me see, do you guys have any questions questions as we're as we're opening up today as we're having another beautiful golden morning in the great Us of a on your funded Futures account. Can you trade in video or can you only trade ETFs you can't trade either future for futures you trade Futures ETFs are an act well like they trade on the equities Market Nvidia is an equity on your funded Futures account you trade Futures like futures it like the way you trade stocks, the way you trade options, the way you trade crypto Futures is a whole nother thing you can trade so you need a Futures account to trade Futures Speaking of which, foreign I forgot I was supposed to make a future straight today. keep the account going for Old Mac chords there I'm done trading stolen video puts for 200 percent gain.

Well that is some good. some good good action. Congratulations to you. How many of you are, uh, discussing amounts of money on puts right now you have someone in here, multiple of you in here have to be a stupid amounts of money on your future or put trades this morning.

Be alive I said I wasn't jealous. It would be a bold-faced lie for me to say I wasn't jealous swinging some puts right now, but hey, laser focused like a freaking laser beam. laser focused on getting this future stuff to work right now. What kind of conditioner do I use You think I'll let Corporate America touch these gold locks.

This is all natural rail brother up 400 percent on the 260 puts purchased yesterday at 8 35 A.M Do you mean 9 35 A.M is that what you mean Texas Roadhouse Up a dollar. It's a good day brother. It's always a good day. always a good good day to be in.

Texas Roadhouse The only stock supported by Toby Keith The only look at this. look at this. Dandy Only thing that makes me feel this kind of way is when I see the old red, white and blue in the sky. Only thing that makes me feel this way is when I see the old red, white and blue in the sky.

Where are we going today? Where are we going today? We're gonna get a little push to the upside and we better wait till 9 45. trying to Center my hands and wait to see what really goes on. even though I only have to do a baby trade today to get this account officially funded. I'm I'm basically there, just not quite yet.

basically there. That's what my daughters always says. close close, don't count unless you're playing horseshoes or hand grenades and uh, I don't see anyone throwing any horsesh horsey shoes around right now. that's for damn sure.

None of them horseshoes. Ooh brother. All right, we better set up the old Dignity Dong to know when this upside guy fell gets hit. Dignity dong is set up on the Spy Oops The old Dignity Dong we gotta do Crossing IP Crossing up just to know when them Gap fields are filled Crossing Oop All right, we got some alerts set what in tarnation? Well this just seems to be old.

Broke seems to be broke. What in the world? Well I have never and I mean I have never. Ooh brother oh brother Oh Brother Where Are we at the Old Street Beat The Old Street Beat. Hey folks, make Old Cat Moors Make your old buddy Catmore is a little happy today.

Don't forget to sign up for that localsgoony group into the Top Attack in the description of the video Mattcores.locals.com I Tell them I Tell them we'll get more signups if it's Catmores but he just doesn't believe me. It's there's a free version so it's time for that free version If you want uh uh, sign up for the old free version If you want order filled, that is not a real trade. that's the old fake money trade deal. fake money trade.

Just to be clear, it's the fake money trade that I had to do to get this account approved. Bill Fake money. Oh fake Money trade. What are we doing here? So I want I won't worry too much about it.

It's the old fake money trade. re Rumble Really slacking on the Lex Rumble Barely even know her what incarnation Rumble Rumbles Hey help your old buddy cat Moore's out team Whether you watch it on good old rumbles or good old YouTubes Hit that luck button. Help out your old buddy cat Morse Rumble Chat drinks bye what stop filled rubber chat you drink Bud Alive There's only one you gotta drink that bush latte. That's where it's at.

The Golden Crisp Elixir of the Gods above. Oh brother The Golden Crisp Lip Sir of the Gods above. Where are we at today? Where in the world are we at? I heard some alert go off 58. things are looking negative.

We gotta wait for this marker to open. but this thing might be on too. Is there an upside gaffle now? No. Well, we're waiting As they say, patience is a virtue.

No, that's YouTube Chat No YouTube chat drinks but a lot YouTube Chat Dreams by light no Rumble Chat James The old the old Bud Light Argument the old Coulda Shoulda Woulda Oh brother, oh brother, we're waiting for this one. we're waiting for. What's it? 9 45. folks, we are a minute away 60 Seconds 60 Seconds Let's do this thing.

Let's do this thing. Oh well, that was a little a little silly. All right now. I'm 45, 9 45.

Tech Definitely looks weaker today. Energy's looking good. Financials are making a recovery. Utilities going up Industrials are going up Healthcare is kind of flat.

Oh, the cues looked like they were just about to pop, but now they're getting smacked. the old tricharoo the old Kansas City Shuffle Oh, we're getting faked out right here. There are no more um. announcements coming across today.

What are we doing? What in the world are we doing? Okay, this is all over the map. Nice morning pop the first like four minutes making me think that we were going for the upside Gap fill. but now Tech tried to pop there and quickly got smoked. uh, so indecisive I'd be I'd be careful, we're just trading sideways right now.

Some of these individual sectors are looking good. Um, definitely looking good. energy, financials and what have you. But be careful I didn't the spy gaffle at 801? Nope, because the market that's not normal Market hours that's pre-market trading.

Did you do your homework on the Algo yesterday? Yes, it is. Uh, actually a completely different algorithm right now than what it was yesterday. Um, it traded right at open which I think was erroneous and took a very small loss. A very small loss of thirty dollar.

thirty four dollars after commissions. Uh, just waiting. Wait for this to break one way or the other. The EMA it is read the internals are red, but it might be turning around here.

Maybe this is a cheap enough price that people decide to come in. but internals are red. the EMA Cloud Clearly to the downside: I Mean it's just red on like all these time frames. Uh, but who knows.

Might be a bit of an overextension. There is also that upside: Gap Fill there is the up side Gap I mean I Honestly think a perfect play would be a pop-up to the upside Gap They'll fill the Gap and then get knocked from there, but who knows it. Just all it did was move for the first four minutes and ever since then we've just been going purely sideways. purely sideways.

Look at the cues flat, the Spy flat and videos looking heavy Tesla popped Tesla's getting destroyed down 1.5 trading at 216. not long ago, this thing was at 295. Is this the breakout that we're looking for? Is this the breakout that we're looking for? Or is it just going to get smoked from here? Order filled. The female robot voices remember that's fake money that's not real.

That's just for the prop account. Fake money Fake money fake money The Q's new intraday High Spy new intraday High Looking for the upside Gap fill Looking for the old upside Gap Fill the cues watching 358 16 the Spy watching 435.75 These are the lows from yesterday. Just a nice little intraday. Target Will it get there? No idea I Know the odds are high of it, but obviously it's never never ever a guarantee.

Never ever a guarantee. Well we're gonna get this pop is it are we? Off to the Races We Off to the Races oh we're trying. it's trying to get going there. We go there we go.

Hee Haw Target filled. That was one of them once again. that whatever robotic English lady. not real money, not the real account.

That's the prop account once again. I Just like did some weird scaling in scaling out stuff. uh, just trying to place my trades. Uh, but technically did I pass the account yet? Where are we at? Where are we at? Uh oh little fakearoo the old Faker Roo oh brother oh brother oh brother oh brother oh brother oh brother oh brother oh brother.

spy looking good Q's looking good. they're trying to Trend up. How close are we? The Spy is 70 cents away from its Gapville and the queues are a dollar 60 away from their Gap fill. So let's see if this has enough momentum to keep it going.

Enough momentum to keep it going man. just wish we could play more. TK I would probably really get the market going bro. Did you just get an order filled? Uh, on the prop account I did on this pop just basically placing some little trades because you have to trade I think for seven days.

um in that very first trade actually. oops, hang on I did something stupid on and now this I kind of needed that breakout to keep going. Kind of needed the breakout to keep going. Uh oh, fake out Breakout fake out Breakout The old fakeroo.

Uh oh. the Q is doing. The cues are getting hit a bit harder. Keys are definitely getting.

uh, just putting in a higher low. Maybe worthwhile to watch this. Obviously you could watch this. Um, take it with a grain of salt because this is a trend line just being created right I got filled.

Where are we at? Okay, we're gonna Just Bounce Right off of this here we go. decision time watching the cues to see if we break down here or not. Same on the Spy We've had higher highs, higher lows the first. What? 25 minutes of the day have been pretty strong.

Uh, if the Gap is filled when best to look at. the downside, How long do you wait? Five minute candle? Not sure if it doesn't keep up. No. Gap fills have nothing to do.

if it's gonna, that's just a Target That doesn't mean it's necessarily going to get rejected there. They can act as support or resistance previous Gap fills new Gap fills. but the point of a gap they'll place just to play The Gap though not necessarily something afterwards. Of course you could watch how it reacts, but I have no idea of the statistics of being like Okay, as soon as the Gap filled like do the opposite on a five minute chart.

I'm like in no way aware of that space that SpaceX sold Bitcoin a while ago I see circuline but the 13th showed less a while ago. Uh, that's not the best way to interpret it. like really nothing about the filing. they just wrote it down.

That doesn't mean they sold it recently. There's a big this big big misconception of what's going on. Um, a big misconception are the queue's about to break? Are the cues about to get smoked? Order filled? All right. cool.

Let me see if I could switch over to this next account here. What are we doing? Order filled? Uh, ten. Once again, this is all fake money. The oh brother is my actual trades my actual money.

I Just don't want anyone to be confused just doing some weird prop stuff just to get I don't know the account where it needs to be basically seeing if this is an actual breakdown with the wrist being right on top. but I'm trading it in the enqueue. So the NASDAQ futures account or the Futures account for Nasdaq uh. but I am this that just to be as transparent as I can that was not real money.

the real money is waiting to trade. and as of the way things are going right now I don't think it'll be trading until the earliest would be past 10 am. All right, it looks like the spy and the queue's potential breakdown on the one minute chart. we see these trend lines that are currently not holding, not holding, not holding, not holding.

That weird question if they reverse split AMC and ape and AMC has a higher IV. Well, ape options go with the adjusted IV being made the whole it they don't. It's not like they select the IV. The IV is computed by the volatility of the underlying.

It's not like they get to pick it IV's computed. It's not like so it's not like there's like an IV fairy that goes around and says hey, like like you just look at the IV of the underlying so it'd be the underlying of it put together. about this: Theta Decay occur throughout the day or just at the beginning it it is always going. Theta Decay is a permanent thing.

It's not like it, just UPS updates once a day. Every second that passes, there's like a slight change to it. Um, as there is with all Greek values at work, I'm known as the IV fairy. Oh, the old fake out Breakdown: The old fake out Breakdown: Not true Matt I Dated an IV fairy for a while.

Ape doesn't have any options chain anyway. yeah, but with it being combined together like they're like I mean it's a legitimate question of how it would work or and it was more of a question of how does the process of being made whole like work But um I just wanted to like It's not like someone is selecting what the current IV is like. the price action. Everything is really based off of price action and in options.

You could also argue that the time that's being passed. Um, but the price action dictates the IB what's going on with the market this week? Why so red? Uh, we got some disturbing news from the Fomc people's uh, we got some bad news. The economic updates from China We had some not so Stellar earnings reports and right now we're still up quite a bit on the year. So I feel like there's a general concept that when everything's green, no one questions it.

but when there's a little bit of red, everyone's like, nope, this isn't right. That doesn't make sense I Think a better question is, how do we get this high? If anything, It's strange to me how much the market up. Okay, so the Oh Brother that was an actual trade with the newest version of Piper Um, the newest version of Piper just traded that Oh Brother was in a legitimate actual trade with my actual account. Uh, and it went short on the Uh S P 500 futures Actually just got out, just got out, just got out.

went in try to play this breakdown and um, took a small loss of baby loss. Uh, but no one complained about this until they saw 4.5 dip within the past two weeks. I Mean yeah, that's how it goes. Like whenever anything's green, it seems like the the mental bias is like oh yeah, no, we deserve that.

That's appropriate. That's how it should be. Um, and obviously I just don't agree with that. like I I think there's some psychological things going on there when everything is green for March Till now everyone's like yeah, no, that's normal when in reality like I Think there's a fair argument that it was, um, like overvalued.

If anything, this correction in my book is healthy. It's reasonable. Target filled. Uh, that was fake money.

Obviously Fake money. Fake money Fake money. Fake money Fake money Fake money. Fake money.

Fake money Fake money. Uh, 200 200 How did it go up that much to these? NQ contracts are just so incredibly volatile, incredibly volatile. What is your favorite trade of all time? What do you mean that like I've personally done like my best trade or just I don't know one that I was happy about or one that I've read about my favorite trade of all time that like I've Let's just say it's not even for me that I've heard about. So there's this story and it's documented.

This is like a real thing that happened. Um, there was this guy in Norway an individual Trader uh I think he used to work at like a bank or a fund or something like that, but then he decided to go out by himself. This guy was such a prolific Trader that in all of Norway in all of Norway this guy on an individual level on a corporate level he paid the most taxes in the entire country of Norway this one individual Trader that's how much money this guy was making that out of all of Norway he had to pay the most in taxes so he was crushing it for years and years and years and years and he ended it filled once again. fake money.

Um he had this position on and he was playing the spread between two different energy markets and he leveraged it up Huge Huge Huge Huge Huge Huge and it a Black Swan event happened in one of the energy markets that caused them to blow up. but this was in like the notional value was billions and billions and billions of dollars and the nas. So this guy lost his fortune. he lost two billion dollars I think ooh maybe it was three I think it was two billion dollars this guy lost because of Black Swan event trying to play the spread between energy markets and it.

It was so catastrophic that the NASDAQ had to make new rules because it put the trading system related to energy I think specifically within the NASDAQ on tilt so they had to make new rules and safeguards because of one individual retail Trader which is just so so ridiculous. Um but yeah, imagine losing not just all your wealth, but when your wealth is that much that much billions of dollars in a random trade. Um that. uh well a random event happened.

a Black Swan event like wasn't supposed to happen. never happened before and he was just completely destroyed. Completely destroyed. Um, in terms of my own trade, my one of the most exciting trades for me wasn't my biggest trade ever, but it was my first Like to me, it felt like my first big trade.

it was a I think it was my first trade that I made over ten thousand dollars. my first what five digit trade back in 2017 2018. I had a really good short on natural gas and uh, it was just a nice technical setup. I waited for a breakdown.

uh, kept my wrist tight and it ended up going my way and went in my way like very very quickly and I think it ended up being like a 20 25k trade. um which was awesome for me because it was like on a three or five K account. So I I that's just one that like I guess psychologically stands out in my mind. was in 2017 2018 natural gas shot up and then it made a like a triangle wedge pattern and I waited for the breakdown.

Then I was like just really seriously getting into trading at that point. So I was like okay, wait wait wait got the breakdown went short against Natural Gas in the Futures market and held it for like a week and I made like 25k. Were you playing? UNG nope Futures Uh, it would have worked on UNG but uh, probably would have need to leverage it through options to make like the equivalent amount of money. I'm trying to think of other ones I mean some of the ones in July were pretty crazy.

There were a couple of trades in there over 50 75 100K in July but I'm not really like proud of those because I was just like full-on degeneracy. It was more luck than anything else. What are your thoughts on Prop Firms um I think they intentionally make the test extraordinarily difficult to the point that most people can't pass it. but I also understand why they do that because they don't want to give money to people who aren't like top tier.

Traders So I think it's I think it's interesting in two ways. Number one, it's a fun test. I I enjoy it to see like okay, are you a good enough Trader to pass the test and I want to make it very, very clear the tests are not easy to pass. They're not easy to pass by any means whatsoever.

Um, so uh, it's a fun challenge like I I enjoy it as a challenge for sure. Uh uh. On the flip side of that, I also like it because if you are a good enough Trader you have to risk your money, you're using someone else's money and then you enter into a profit sharing agreement with them if you continue to perform. so I think that is a cool aspect of it where like it's kind of minimal risk to you for you to take the challenge to take the test.

I mean I some of these tests that I'm taking right now I think it cost me like 16 bucks. So in terms of risk reward, yeah I mean you have to be a good Trader to pass the test and then you have to continue to trade well to make profits. but your the most money you're risking or at least I risk in some of these tests was 16 bucks. So in terms of risk reward, it's kind of favorable because the risk is so incredibly low.

so I think that's like noteworthy I think that's interesting to point out. so I like it I mean if you guys want I think right now they're running a 50 off deal. it's in the description of the video but um you I'm on apex top Cedar reached out to me which is like another one uh but I had a meeting with them and I was trying to get a better discount for everyone who used like the goonie code and then the guy just never showed up and a couple days later he's like sorry I was sick and when people are unprofessional like that, uh, it just makes me mad. So I'm not necessarily against Top Seeder which I think is like one of the most prolific prop forms.

I'm just against dealing with that individual guy because I think he's an asshat. um I hate it when when you schedule as a professional, when you schedule a meeting with someone and then days later you're like sorry, forgot to like tell you we're not doing it. um I think just on a human level, it's extremely rude to weigh someone else's time. Uh, so not against the company I'm just against dealing with that individual dude.

so I'm not going to do anything with them unless I can talk to a different guy. Would you ever do a prop firm Challenge Series what does that mean? What's a Challenge Series I'm trading a prop account right now I passed one and now I'm trying to see if I could pass one on NQ the first one was past trading es but I'm seeing if I could pass one trading. NQ Uh, but I what does that mean? What's a Challenge Series Willy lover that's funny funny Doctor disrespect is playing Apex two two doctors, two mullet loving doctor disrespects on apex a YouTube style series of passing prop firm um I guess I would have to think of a way to make it like enjoyable to watch. but really it's just the same as trading anything else.

I mean I guess I could cover some of the nuances that I found out like it seems like the way I naturally trade I go for bigger wins and also to combat that there are some like I go for like my profit targets and my risk are a little bit larger than what seems to be mathematically possible to pass a prop account. it seems like the most efficient way to pass a prop account is small wins, small losses, and you hope that all your small wins end up adding up. If you're swinging for the fences in a prop account, it just seems to not work. Um, the math I think is like very very much against you.

It might end up working, but I don't think it's statistically the smart way to play it. Uh, but I don't like in the series I don't know. we just kind of talking about it on stream here. like it it took me it was the seventh attempt was the first time I passed and now I'm trying to pass on the eighth account right now so seeing if I could go back to back um, just trading a slightly different contract instead of trading es trading NQ on this one NQ is a little bit more volatile so I think I'm gonna have to have even tighter risk and uh, tighter reward per trade but we'll see how it goes.

uh I Just started trading the eighth account today I started with 50k and right now it's at 50.6 and the top ticked at 51.1 So it's actually a drawback of about 500. Uh oh, that's because I'm sure NQ and NQ starting to pop so I locked in a chunk. Uh, on this. but I need it to continue to vomit for the last position I was short three enqueue on this fall down.

This drawdown I suppose and I made money on two of them and the third one's just the runner. Uh, so looking for NQ to continue to go to the South side, which it looks like the spine. The queues both just got hit and now they're just kind of going flat. NQ is getting a little bit of a better recovery, but to me it's still consolidating sideways.

I Mean, look at the Spy just sideways I wouldn't count this pop as necessarily A Breakout Tup halted. Really dude. Nvidia is getting crushed here. Let's go to the three minute on this stuff.

Yeah, the the major thing that I'm learning thus far from Prop accounts is you just whatever. your natural inkling to play is, you need to play smaller. Yeah, Tup is dying. We talked about this.

it was a pump a dump. Uh, I told many people time and time again I Personally didn't think it was smart to chase the run up and on the first major red day, that's your warning shot. And then the fall down started a couple days later and then you got definitive evidence of it when it broke 320. Now a whole dollar less than that.

around 30 percent drop from like the clear sign that this thing was done. So could it restart again? Of course it could. But I mean this is a good example of why you just arbitrarily like hold and Dime in Diamond handing is legitimately one of the dumbest things that is like I guess traded on like, uh, the worst trading Mantra It basically means you're not taking in any new information. It's basically just saying like nope All of the work you did will forever explain the situation of your investment and there's no need to take in new information.

The concept of diamond handing is stupid. It's one thing. as an investor, if you're like nope, fundamentally I believe company XYZ will be great decades from now. Okay, well, maybe you're like, oh, quote unquote I'm gonna dime in hand but still.

once again, if new information comes out that makes you believe. Fundamentally, the company is not going to be strong years from now, why would you be in it? Look at Mullins trash. What? I Mean we've talked about this at nauseum. It's absolute garbage.

Trash. Same like Eight eight. This is trash. This was all made.

The exclusive purpose of Ape was to take money from retail and line the pockets of the AMC board. They just tried to not get fired. They're like, okay, like we need to raise money And there it was. Backdoor Dilution.

Remember how at first does anyone remember how at first when aim Ape was created? The people supporting Adam Aaron well no, no, it's not dilution. Ever has anyone noticed how the new mantras okay no, no, we need dilution. So it's cool. When Ape first came out, everyone who supported the sycophant supporting Adam Aaron were like this is not delusion Adam Aaron said it's not delusion so it can't be dilution and then the people who have like the ability to read like basic SEC filings were like nope, it's definitely backdoor dilution.

They're like no, it's not, you're a shill, you work for Ken Griffin And now that it's clearly delusion, people are like well no, no, we need dilution So it's actually a good thing. like like they're always just moving the goal post. it's a these people the sycophant supporting Adam It's one thing to support the Apes. It's one thing to support the retail community and uh, have at it.

I I Want the Apes to be successful uh I Want the retail Community to be successful. There's aspects of Wall Street that I genuinely believe need to be improved and I genuinely believe the retail Community is shining a light on it, forcing Regulators to look at certain things and I'm a massive massive fan of it. But that doesn't mean I'm just gonna be like oh yeah, all these people who are like sycophantically sucking Adam Aaron's dick are right. They're not right.

They're stupid people who I guarantee you are down a shitload of money in the long term when we extrapolate out, their engagement in the market is going to make them losers. They're not emotionally intelligent enough or actually intelligent enough to be successful in the market. and this is a small loud minority most retail. Traders I Like them I want them to be successful I want them to learn.

but there's like this group is sycophant cultists who like they just reality is not something they concern themselves with. They just truly do not care about reality. Uh, and the market looks a little bit heavy. I think Piper should be taking the third trade to the day.

So two small losses, forty dollars and forty dollars after commissions. so down 80. um I I rewired it to basically take small losses and go for really big wins and Brother works I think about 30 percent of the time so it's a low accuracy setup, but really small paper cuts and the times that it wins like the times that there's it's kind of like I don't know. like deep sea fishing.

The times, boom Brother dude, it's getting stomped out. So easy here. All right, that's another 40 buckaroos gone. Um, so the concept of the current version is is basically like deep sea fishing.

A lot of times when you throw the Reel out, you're not getting anything. but once in a while you get that absolute trophy fish. Uh, and that's what it's looking really to take advantage of. It's looking to take advantage of the situation where really small losses time and time again.

and it works about 25 to 30 percent of the time. So most of these trades every time when it gets into a trade, most of the trades are losing trades, but those times that it is a winning trade, it's a big winning trade. Would you ever go on The Joe Rogan podcast If given the chance, of course I would, who wouldn't go on? The Joe Rogan podcast given the chance. but um I think the I I think the odds of that are very low because as much as like that retail trading Community seems big to us because we're very much integrated into that world on the world stage.

it's relatively small and Joe Rogan seems to um, well he defend and Olivia he talks with people that it's like a much bigger story. A much bigger story. So I I Just think the chances of it are extraordinarily low. extraordinarily low dude.

why is this getting knocked so easily I Just want to make sure that I'm appropriately running the code. Yeah it does look like it is. So yesterday one two three yesterday it took three bet like hits like it lost and then at the end it started to like really perform. Actually, at the end of the day it crushed it.

Um, but to get into the position, it had a bit of a tough time trailing. Stop loss. Okay, so thus far small, all small loss, small loss. once again, all baby losses.

Um, and it's just trying to get a nice winner. Do we have a fake outbreak down here? This might be an old-fashioned liquidity grab. The old liquidity grab right here. So we had the low of the day at Market Open dipped into it, bounced out, dipped into it again.

If it starts to go, if the cues break above 355.84 that might turn into something 130k to under five. I'm so good at this as in you were up 130k. now you're only up five bucks. Joe Rogan Just had post Malone on his show so it might be downhill from there.

Wait, why? I Like post Malone I Think post Malone is one of the most genuine artists. uh, like on that world stage level. Um, and I I mean I listened to parts of it I didn't listen to the whole podcast so I can't say everything that they talked about but he's he seems like a super genuine guy. Uh, I'm a big fan of post Malone I don't Bruce Why do you think it's downhill from having post Malone on? He's like a world renowned artist and better than that, he seems like a genuine dude.

He actually seems like a pretty genuine dude. How hard would it be to get Piper a trading account in Piper's name? probably Easy peasy lemon squeezies. holy cow in that flesh and bounce went up. went from up 120.

Well the classic fake out breakdown like we've we've seen this now on a daily basis where it traps people in it's a bear trap bear trap. You flush it, make it look like there's a low and people short in that they're chasing the breakdown. This is exactly why you shouldn't be tracing breakdowns and breakouts. Would you ever sell a trading course? if I had a good enough course to sell? I would.

But I would want a very very good course. um it would have to be like I would have to have a really good idea of my brain of what I would want to cover in it. Um so like the demand would have to be there and then from there. Obviously the execution would also have to be there.

like I want to just put out a random thing to put out a random thing I would have to have something where I'm like oh hey like I want to say this should do a weekend Workshop or something. Yeah so I've thought a little bit about that and I think there's a lot of people who like try to do work and like weekend workshops and courses on the dumb that everyone already has like just Basics like the like. There's so many courses on the intro to trading that I'm like what would I say that's new and novel? um I Thought about it a little bit if I were to do like a weekend Workshop or a course um it would either have to be the Futures Trading because there's not many out there at Futures Trading or it have to be about systematic trading and talking about like how to code algorithms, how to back test it, how to know. Even like what I explained yesterday, the difference between Theory and reality it would have to be on something that's not out in the marketplace because it seems like everyone and their mother like sells some sort of just like basic training course of like this is how I read volume.

It's like dude, you can find books for free online that are exponentially better, literally written by the experts. Why would someone pay like a who just started trading for technical breakdowns or that type of like when people try to sell like white off courses or Elliott wave theory. It blows my mind that anyone buys it because there's so much of that information out there from the experts for free and yet they then have they. Basically you have a bunch of people who went through the course for free and then they recreate it themselves and start paying for it.

So you have a bunch of students who are like ripping off the actual teachers like it doesn't make sense to me. You could call the weekend cores with Matt that's funny. If I did it, it would have to be unique and new and novel. It would have to be something that like I just don't see other people out there talking about so my it would probably be like an intro to Futures thing and then followed by like an intro to systematic trading which obviously I would use features as the example but um, it would be applicable to like whatever you want to code it up on weekend course teaching how to acquire a totally real girlfriend not a real girlfriend.

oh that's a good one. I Don't know if I want to give away those Secrets though, but that's that's a pretty valid point you have going in. What is the best screener for cash? Secured puts cover calls and wheel strategies. Oh easy, Tiblio Tiblio for sure.

it's in the description of the video I Think you can get a free month trial? Uh, Tiblio is by far the best. Um, selling premium if you're looking at Cash Secured puts cover calls wheel strategy. Tiblio is the best piece of software I've seen I've talked with the creators of it a little bit and they're just hardcore. Quant Finance People they know what they're talking about.

They're very very informed. Most music today sucks Wouldn't you agree? No. I mean there is shitty music but like, do you know how much music is out there in general? If you can't find a subset of Music That's actively being produced that you don't enjoy, you're just not looking hard enough. We live in a golden age of a lot of unknown artists being realized because of platforms such as like YouTube Shorts and Tick Tock Um, if you rewind a decade or two it was.

There is a lot of people who were probably massively talented that just never got discovered, but now the discoverability of so many artists, it's just. we're literally at the peak we've ever been. There's never been discoverability. this.

High which statistically means more people are being discovered. There's more options than there's ever been before. Um, so I Would wholeheartedly disagree. If you can't find music you like, that's like active like new music that you like, you're just not looking.

Most mainstream music is bad. Well, you could have that opinion, but you're also going counter narrative to the world. The reason it's successful on the mainstream stage is because most people like it. That's why something's mainstream is because there's a large cohort of people who enjoy it.

now. You might not like it, it might not be your particular taste, but once again, like if you're not finding new music that you enjoy, you're you're just not looking. apple and AMD new Hive day. As far as music, I Implore all of you to check out Billy Strings.

Best thing in Music today, hands down. Billy Strings That's kind of a cool name. No way we would have found Cat Wars in the old days exactly exactly artists can be successful without being signed. Yeah! I mean ever since what 2015 ish is when we started to see people really take off that had no label.

um I'm a fan of them. I don't think he really does stuff with Ryan loose anymore. but Macklemore and Ryan Lewis they were some of the biggest artists ever that had no label. Um I think even in his one song there's like a famous label Jimmy Iovine or something or Jimmy Levine is maybe I don't know a big label dude.

Um and they offered him like seven percent to split and like this is in one of the songs, he's like nope, we'll do it ourselves. and then they became massive. Um and I think that's cool I think there's a it's good that a lot of these artists and musicians can be in control of Their Own Destiny Is it maybe easier behind a label? I would assume. So because that's why labels are labels.

but historically you would have never been