The Worst Gambler Ever, New Market Highs & What's Next
The Matt Kohrs Show (Feb. 12th)
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The Matt Kohrs Show (Feb. 12th)
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RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Paid endorsement for Public.com. Options are not suitable for all investors and carry significant risk. Certain complex options strategies carry additional risk. Options can be risky and are not suitable for all investors. See the Characteristics and Risks of Standardized Options to learn more.
For each options transaction, Public Investing shares 50% of their order flow revenue as a rebate to help reduce your trading costs. This rebate will be displayed as a negative number in the “Additional Fees” column of your Trade Confirmation Statement and will be immediately reflected in the total dollars paid or received for the transaction. Order flow rebates are only issued for options trades and not for transactions involving other assets, including equities. For more information, refer to the Fee Schedule.
All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Open to the Public Investing, Inc., member FINRA & SIPC. See public.com/ #disclosures-main for more information.
We're doing it. We're doing it. Let's go. Let's go.
Come on. keep going. No wrong way only. Greef! We only want to see Greef betting on Green Let's go I Would love the approval of my parents and this will be it.
This will be the time that my parents are probably like I'm proud of you son Let's Go This is going to be it. This is the push I Can feel it in my loins. This is it. This is.
This is for the title. This is for the back to back to back to back champ. We're going to do it. We're going to do it.
No no. how can we get that close and not go a little bit more? It was a point away on the end. Qon Are you kidding me? Let's go there we go Dude. Legitimately I am the best Trader On this side of the Mississippi oh brother oh brother oh brother.
we are back in action with another episode of the MK show the Matt core show and I do uh I appreciate you stopping by this morning. uh I really really do uh I just got off a red eyee flight, haven't slept since Fucking N Team I Don't know what's going on I got if you guys have been following the storyline of the week you know I Had a great week trading I made a lot of money and I figured I'm going to throw this all down in Vegas one bet to rule them all and I am officially now the worst Gambler on this side of the Mississippi it did not go well. it did it. just everything.
I I Don't know guys, that's a lot of money to just lose on one bet. I'm not feeling the best about it and then because I was so angry and distraught I switched my flight I was supposed to I was supposed to be in a Vegas hotel right now I was you guys were not going to get a full stream today. even if you got a stream at all, it was going to be like a weird little phone thing and I was going to talk to you for like half an hour I was like you know what you need positive momentum in your life, you need positive momentum in your life. So switch my flight to a red eyee boarded in Vegas at 11:30 that's West Coast time.
Just got back here at 7:30 hauled ass to the studio to set this up for everyone. So you're welcome. You're welcome. even when your boy's down and out blowing six 969 on the 49ers.
Who should have won the game, your boy still going to show up for you guys. I'm going to show up for all of you. Uh, anyone else. No audio.
No, they could hear my audio. That's just you brother. That's just you. That's just you.
Um, that. That's all. you. Don't mess with my emotions today.
Don't try to troll me today. This is not the day my brain is functioning at too slow of a pace to understand if I'm the butt of a joke. So just for my own mental sanity today, just give me a little bit of a break. My I have like about four neurons left and I don't even know if they're friends anymore.
There's a high chance that those four neurons norn norn see what I'm saying. There's a good chance that those four neuron neur can I no longer Neuron a neuron I'm telling you guys. I'm losing it. No neurons left. Uh, they're just not talking. Am I sick I'm not sick. Here we go. You never give me a break.
Not not one show will you guys? Just give me a little bit of a breather. A little bit of a breather? uh. Fun fact: I It was a very last minute decision that I decided to take the red Ey I was supposed to be flying out I guess at technically noon ET Today so 9 and I was like you know what? I'll just go and I needed a thumbnail and an intro that the thumbnail that you clicked on which was phenomenal and the intro that you saw which was phenomenal uh I had to give that to my producer Chaos when he was like piss drunk I'm like oh yeah I'm leaving and I need you to make one now for the morning and he's like what he uh was drinking the misery of my loss away and then just to pile on to that. Not only did he cariously lose a lot of money through me, but then I also had to pile on to him and give him work when he was not of a sober state.
So chaos I assume you are sleeping it off right now, but if you are not, congrats to you man! Cheers to you for being a dedicated worker and getting this done. I mean the thumbnail crushes it. We always crush it like we obviously like the uh thumbnails. We legitimately have the best thumbnails on the entire internet.
Uh, saw you made a neat 5.4k What? No I lost 6,969 I was up a little bit in poker, but that doesn't really count for the actual bet I Lost I Don't know if you're trying to rub it in right now. it doesn't feel good. For those of you who don't know I took I basically took the 49ers to win straight up. not the spread just like moneyline 49ers I bet $696 to and that was going to pay like 5'5 or something like that I think it was minus 120us 130 and it was looking good till it it didn't you know I it was a whole story it really really was I mean I showed up and the bet I wanted to do was going to be parlay I was going to do a Christian Mcaffrey anytime touchdown parlayed with the Travis Kelce anytime touchdown and in all reality, uh I couldn't place it because because of weird issues at the sports book at the casino.
Dude, those guys did want to give me money I'm like hey I'm trying to take out like seven grand for this B and like can we see your player card I was like I don't have a player card I'm like, well we can't front you that amount I was like I don't need it to be fronted I have a debit account and we could just take it out and they're like well hook up your a I was like I've tried to but your app sucks ass and I can't hook it up so I don't know if it was their app or plaid or whatever but I've never heard of a casino in this world where they made it like a extraordinarily diff for me to bet. So because they made it so difficult I was late to getting the bet in because I was late to getting the bet in I couldn't do prop bets anymore especially parlay prop bets. so my, the whole weekend my bet was Christian Mcaffrey anytime touchdown Travis Kelce anytime touchdown and not even that one hit. So I like I don't know I guess I'm not that mad because everything I was going to bet on everything I had and like at the last second they're like you have like I legitimately I don't mean this in in a like figurative sense I had 20 seconds to make a decision, they're like it's gone and all these other bets are about to drop like I'm there and the cash is on the table and I was like oh I guess the 49ers I just like screamed it out. um so that didn't even go well, it just not a dude. Uh, the Chiefs had the chief's easiest money I ever made you thought that was the easiest money you've ever made betting on the Chiefs When the game went into overtime it I mean it was a close game I Don't think one bet was obviously the right bet when it was so absurdly close. It wasn't like they destroyed them lit literally had to go into overtime for this. and in fact, if the kicker didn't miss that extra point, the 49ers would have won straight up.
It would have never gone in overtime. uh but the like that little tipping, um when on it was an extra point. like how often are extra points missed and that's what allowed owed it to be tied which caused it to go into overtime. and then at that point the 49ers had lost momentum and their defense was playing like they were fucking swiss cheese and Kelsey was just open on every single play and momes just went into goat mode.
It was crazy. Absolutely crazy. But it is what it is. It is what it is.
Uh, that was obviously an upsetting aspect of Vegas an upsetting I don't know point of the trip, but fortunately shout out to everyone watching on. Rumble I Went with Rumble's team and it was one of the coolest experiences because I got to go to Power slap on Friday night obviously. uh Dana White good friends with Rumble they put Power slap up they put UFC stuff up so I went to the power slap event which was crazy and then uh the next night I went to the UFC fight at the Apex place which was cool. so I went power slap Apex and then I watch the Super Bowl from like a casino like watch party like Casino Sportsbook type of a thing I wasn't at this Super Bowl but being at Power slap was awesome.
Being at the UFC fight was awesome. But what's interesting is like the motly crew that these types of fighting events like gather they're all somewhat known people. In fact at the Power Slap like the way they had the room partitioned off half the room. seemingly you had to be a known person like Tom Brady was there Charles Barkley was there.
uh tiger was there. uh Sean Strickland was there Machine Gun Kelly was there. uh a lot of ticktockers. so Kobe Covington so you had some Fighters Then you had some musicians and then you had these really rich gen Z kids who I don't know but they're crazy popular on Tik Tok and like they were all like just right there. It was such a and then there was big gamblers, big gamblers who were content creators. It was just such an interesting mix of people that you would have never, ever expected to like, ever see together, ever, ever ever. and yet they were just there and I don't know. It's like this weird thing where they all had to talk and get a quick picture and the funniest thing was Shan Strickland and Machine Gun Kelly uh I was standing by I was going to like just say hi to Sean be like yo like love what you do love that and honestly I was going to say the same to Machine Gun Kelly uh for two very completely different reasons and they happened to be standing by each other and Sean Strickland turned around and for those of you don't know Sean Strickland he's a like well-known fighter.
he's a good fighter uh and he's like uh I would an above average size guy. but Machine Gun Kelly is even taller like he's a very very tall individual. So anyway Sean Strickland like turned around and he like looked up that machine gun Kell he's like you're a weird fucking dude and then someone shout out he's like yo he's with Megan Fox and Sean's like no no like he literally refused to believe it. He's like no man no uh that was definitely like one of the funny no dude, no he's not he like just refused to believe them Machine Gun Kelly I don't think he's with her anymore or maybe they are, but he's just no man.
no uh, it was pretty funny. it was a good one. Um, did I see did you see Strickland's tweet about Machine Gun Kelly last night no I didn't I just saw that happen and I started like dying. It was so funny he's like no man no uh other than that folks I don't know it was the fun trip Vegas I mean Vegas it's just it's just a whole another animal.
uh it's just it's just a whole another animal and it's cool to see there I don't know if I'd ever really want to live there I wouldn't want to live there but like there's something about it that it's fun for certain periods of time, especially like when you have like those things to do and like there's a certain energy in the air. but no it was fun. The BET didn't work for me. it sucked I should have probably just asked you guys or spun the wheel or something.
Poker I did all right. got my ass handed to me in Blackjack uh but met some cool people, saw some cool people, you know who you know who the most random person at the fight was. at one point I was just standing there I was getting some I don't know like Greek food stuff. uh that was like the buffet that was set up at the UFC event and then like I turned around to grab like an extra like pea chip thing and it was just doctor Phil like the fuck's Dr Phil doing here I guess he at certain degree is a fan of fighting and yeah, just Dr Phil just chilling there.
that's what I'm saying. it's like it's just the most interesting mixture of famous people and they're just there and then like you could have Dr Phil there and then there's going to be Nate Diaz and then in between them is going to be some like massively prominent like Jenzy tick tocker. It's like where else in the world besides these fighting events would you possibly get that kind of mixture. like it? It just does not make sense and that was by far the most enjoyable thing is like seeing the mixtures of all these different people who are like I'm like it's so strange, so so strange. But it was cool. It was cool, it was cool and hopefully I didn't Didn't anyone recognize Mat? Fuck No dude, no one's going to recognize me I barely recognize me. My own producer, my own crew probably barely recognizing me. They're like who's that guy I think he might sign our paychecks no less.
Like an actual stranger. Like there were like legitimately famous people there. This I wasn't at a Pico influencer conference that's for sure I was at seemingly an influencer influencer conference and uh no I was just another I was another Rando you know, oh dude I forgot I Met Jelly Roll the singer the now award-winning singer and as nice as he seems on TV and whatnot. he is nicer in person actually I met him when I met Dr Phil and uh, that was like at the same room and I don't know how many of you guys know of Jelly Roller or anything but man.
he comes across as so personal, so warm, so charismatic and in person it was like that but more which was it's always nice to hear that cuz like sometimes like we have these ideas of famous people and then like you hear the sad stories they like actually they're an asshole. no him. my one experience with him crazy nuts, crazy nice. um so I hope that's like what he's like for everyone.
but my personal interaction with him like he was dude I was I was just going to be like dude, love your stuff and he was there. he's like no, what do you do tell me he was just so nice, so warm. um so if you're a fan of him, more of a reason to be a fan of him. was Rogan there not that I know I did not see him uh hey, did you sign any autographs? No.
the only autographs I signed were just like random lunch checks. No one's no one's asking your boy for autographs. Who the crap is? Jelly Roll Jelly Roll is in. Look him up.
you'll probably like his music. He's pretty cool. Um, all right folks. Well, couple things.
that's the weekend I lost the bet. It turns out there's a lot more flour in Vegas for bread baking purposes than I initially anticipated I went into the situation a bit cocky um and it just did not not go my way. and uh I I wish I could sit here as a mature man and tell all of you guys I learned my lesson. but I I will be coming back with vengeance.
But also on that note, maybe today's not the best day for vengeance. So if you guys see me doing something like particularly stupid, please understand I'm running on zero sleep and maybe help me from blowing out my own account and be like hey, Matt maybe don't trade that right now with that much size because this seems a little stupid. um so if you feel like I'm going off a little bit of like the rails financially I need you guys to be uh, kind of just the guard rails for me to ensure I don't blow up my account because I am I'm functioning on fumes right now I am very much functioning on flumes. So one of these days we're going back into the kitchen. we're going Martha Stewart and we're going to bake up some bread. Uh, we're going to. dude, we're going to saut some fucking tendies I Just don't think it's going to be today. I Uh I Don't necessarily think our our cooking show is going to commence today, so maybe we'll like get going with some decent ideas related to the cooking show, but uh, we'll just say that's like underway tomorrow.
Um, so just just want to put that out there if you think I'm doing something stupid. maybe like Matt maybe contact Piper maybe get Piper to just calm me down. Be like today is not your day, today is not your day. so I just want to throw that out there.
But on that note, we should talk about the overall Market which hit a new all-time high on Friday uh, another week concluded another new all-time high notch on the S&P 500 and on the NASDAQ 100. Nvidia is just ripping. Nvidia has now made Pelosi a couple Millie this year from her Leap call options that she bought in November and that is crazy. Also watching rum currently trading just below $8 But what's interesting is the short interest is now the highest.
We've seen it clocking in at 19.8% but the cost of borrow coming down ever so slightly, utilization coming down ever so slightly. So we're going to talk a little bit more about that stuff. I have some option stories I have some stories on Elon Musk We have a little a decent amount of stuff to chitchat about, so let's hop into that, prep up for the market open and then let it ride from there. Made 12% gain on Ibit because of your YouTube saying BTC going to Rally Thanks Ivy Congratulations to you! it's all you.
It's all you gal. You're the one who's crushing it. Congrats, Congrats, Congrats, Congrats! Uh, hopefully you make even more. Remember, whatever your trading plan is, stick to it and I think that's a good mantra for no matter what you're trading.
Suck. Future are a little changed after the S&P 500 closes above 5,000 for the first time. so they're basically checking out SPX Uh, so obviously 5,000 a key key level and this thing has just been. Dude, the Market's been shot out of a cannon right now.
Look at this ever since late October it just has not mattered. Higher highs, higher lows and I get it. I Haven't talked about this in the newsletter. if you're not signed up for the newsletter, what are you doing with your life? but I talked about I was like hey guys I know I sound like a broken record but we're ripping Higher and Higher and Higher and I also know everyone in their grandma is calling for overvaluation and a correction and blah blah blah. but guess what? it hasn't come trade with the trend. Even if you sit there and you're like dude, this just seems high, Well guess what? This chart has shown us that it can still go higher. It seemed high back here in December It seemed high back here at the end of December seemed higher at the end of January And guess what? it seems high here now and it just keeps going. So if you're an active short-term Trader trade with the trend.
Whatever your risk is, respect your risk and stick to it. But don't just have this idea that oh, like my gut is saying, things are higher, my gutter saying things are little things can always go more in an extreme of: One Direction That's why people get blown out. happens every single day. So I get it.
I get that over about. But you know what? I've been bullish this entire time because it's been making me money I'm not a smart I'm not a smart cookie I'm not the sharpest cookie in the tool shed as they say, so for me I Need to keep it simple and if it's going up great. I'm going to trade with the trend: Easy Peasy Lemon Squeezies Easy Peasy Lemon squeezies. Now the things that might impacted or some of these inflation reports.
So uh, Tuesday we get the CPI report. Later on this week we get another. We get retail sales and PPI I Believe retail sales. Yeah so Ppi is on Friday Producer price index tomorrow.
Tuesday is the Consumer Price Index On Thursday we get retail sales and then we get the normal crude oil inventories and I believe. there are also some fed speakers. uh, chitchatting this week. So two inflation reports retail sales report and you might want to take a look at the FED schedule just because obviously had a bit of an impact last week, especially with all those Bond auctions and whatnot.
But anyway, this is in the newsletter. just I want to highlight these major things. Please don't forget that next week at the shorten trading week on Monday the market is closed in observation of President's Day So uh, there is a market holiday a week from today. Just so everyone knows.
On top of that, we're an earning season. How many of you after the market closes today? waste Management is reporting, but I don't really care about that. What I really want to talk about is how many of you guys saw the videos from the Waste Management Golf tournament. It was pandemonium.
It was beyond a zoo. It was a drunk tank out in the open. And for those of you who don't know, Waste Management In terms of like that golf tournament, it's always usually like a bit hectic like that's what it's known for. It's known for partying, it's known for having a good time. but this past year the amount of videos that came out from that it dude what was happening I heard they stopped selling alcohol. dude it got so out of hand I guess at 1 or 2 p.m. they had to stop selling alcohol and yet there were still videos of people just like passed out, falling downhills fighting like d it was. It was just whatever you would imagine I don't know when you're a freshman in college your first big party and it's just a shit show.
that's what Waste Management was it. it was crazy. uh it was. It's always like that but this past year it was like particularly gnarly.
So I'm almost curious to know what they're going to say about it if they're going to say anything about it cuz it like it truly went viral of how nuts it was. But anyway, um, we still have earnings like Earning Season. The big big names are pretty much done, but still good to pay attention to the ones that maybe there's some active movement on. Shopify Coca-Cola Marriott Airbnb Upstart.
Robin Hood Lyft MGM you have the CME Group Oxy. We just saw that Waren buffets loading up more. Sony Cisco Crocs John Deere DraftKings Coinbase Roku Yeti They're all going down this week, so feel free to screenshot this at E Whispers It's also in the newsletter, but I Just want to let you know that technically earning season is Still rocking and I think that there's yeah Shopify Airbnb DraftKings Coinbase DraftKings Probably going to be talking a lot about how they crushed it with the Super Bowl Uh, Coinbase crypto Riing again. I Mean we were almost back at 50,000 so there's going to be some interesting names to pay attention to.
so I just wanted to put it on your radar now. Not necessarily reporting, but you got to check out this story. Surprise surprise. Mr Elon Musk is once again back in the news and this is probably where you're not going to be surprised at all.
Mainstream media is against him with some pretty crazy accusations. A number of false news reports claim that SpaceX is selling Starlink terminals to Russia This is categorically false to the best of our knowledge. no Starlings have been sold directly or indirectly to Russia Crazy news We got to cover it. Never thought we would have to be talking about this, but I guess we do.
Mus Canot denies selling Starling terminals to Russia After Ke alleges their use in occupied areas, Starlink has been adamant that its satellite networks have never operated or been marketed in. Russia Ke's main G is what it's called. that's its like own little agency. it's a own thre litter category agency claimed Sunday that there was mounting evidence of their use by Russian forces in the partially occupied Eastern Ukrainian region of Dones.
So right here, this is kind of where it gets a bit more interesting. Yes, there have been recorded cases of use of these devices by the Russian occupiers. This is starting to take on a systematic nature and that's from a Gu, our spokesperson obviously representing Ukraine And then we already know how Elon respond like yo, what are you talking about man the G said radio interceptions of conversations between Russian forces showed that Starling terminals had been installed in udance of Russia's 83rd assault Brigade Operating in Dones near the towns of two words that in my life I will never be able to pronounce so obviously Ukraine Not so happy. But then it's also interesting cuz I feel like if you forget the news of when this all first happened with Russia invading Ukraine Elon Musk was a private citizen individual stepping up giving the entire country and their military internet. So let's not forget how much Elon Musk and his team and his companies have already done specifically for Ukraine As a private entity, they didn't have to do that and yet they did. And this is all happening around the time that Congress is passing. Some interesting stuff. Sen moves forward with: Israel Ukraine funding after vote on Super Bowl Sunday Nothing like voting on stuff that's very important when you're hoping no one's paying attention.
67 Senators Voted to move forward with a 95 billion I'm saying billion with a B a 95 billion doll Aid package to fund Ukraine Israel and Taiwan which will continue the slow-going process of negotiation that could cut into the Senate's scheduled twoe RAC say God forbid our Senate doesn't get a two week recess I mean they've been working so hard lately, the process could be expedited if all 100 Senators agreed to an accelerated timeline, but holdouts like Republican Ron Paul had staunch about delaying the process. A $18 billion version of the bill failed on the senate floor Wednesday due to the contentious border of Security provisions which led senders to hold a vote on the new $95 billion version. So just you know what's 23 billion among friends type of an idea. Wild.
That's what's going on when they hope none of us are paying attention. But in the terms of of Us political situation Elon and the economy, it actually doesn't stop there. There's one more thing: Elon Musk Must testify an SEC probe of his Twitter takeover no matter what happens I Guess they're coming after our boy Elon Elon Musk has to testify in a probe by the US SEC concerning his 2022 acquisition of Twitter now called X The Federal Regulator is investigating whether Musk or anyone else committed Securities for on in 2022. As Mus began buying stock in Twitter ahead of its leverage buy out of the company, Musk had repeatedly sought to challenge if no strip Authority from federal Regulators agencies including the SEC and the National Labor Relations Board.
So another example here of craziness in the world of rich people. the government who likes who and obviously like we're not that dumb. We all know some weird backdoor stuff is going on. deals being made, people getting stabbed in the back. so I just wanted to keep you up to date on the craziness of Elon Twitter Tesla The SEC Our Senate our government and just the insanity that is our life. That's what's going on now. And the fact that this isn't comedy, this isn't from the onion. The fact that this is real life and stuff that like is actually happening uh, day over day just completely blows my mind.
blows my mind. This is the newsletter. Touchdown! So congrats. if you're a Chiefs fan the Chiefs They they deserved it.
They really really did. I Mean they momes is an All-Star player Beyond an All-Star player And the 49ers. especially in the final quarter and an overtime. Their defense was that of Swiss cheese.
Massive holes everywhere that were thoroughly exploited. So congratulations to you if you are a chief supporter. and if you are a 49 supporter if you bet on them like I did. Uh well.
misery loves company. but anyway, it's in the description of the video. we'll get it. Uh, also commented in chat but this is free.
You don't have to pay anything for this every single weekend. I break down the previous week give you an idea of the upcoming week all the major macroeconomic events. So for example, two inflation reports this week CPI and PPI Tuesday and Friday respectively. retail sales on Thursday Wednesday Nothing going down.
We have probably a couple fed speakers this week and please don't forget next week Monday the market is closed. In observation of President's Day, Here's all the earnings: I highlighted the ones that I think You' particularly care about seasonality. Update: This is how the S&P 500 has done on this day over the past 25 years. Uh, so the Bulls have won this day 60% of the time and all this is uted by buying and open selling and close on the S&P 500 futures market.
So they won 6 out of 10 three out of five. A little bit better than flipping a coin. and here's a look at the equity curve. it was going up, then a nice push, but over the past two years the Bears have actually won it.
But looking at the data set as a whole, I would argue slightly favoring the Bulls H Why I put it as leaning bullish and the rest of seasonality. and then I gave everyone an update on how Piper's doing. Piper's on a 48 callout streak that is statistically disgusting. 48 different trade call outs and then in terms of February uh, scaled properly for units because some days it bets more, other days it bets Less in February alone already up 26 units.
Absolutely annihilating. Uh. and then margarit is consumed in Vegas and interesting count: almost 84. Hey, we almost got there.
But anyway, feel free to check all of that out. Five things to know: Hang on. Let me get the poll going for you guys before before: I Get into this start a poll Market at Opit. Oh bullish.
So we're kind of. um, for those of you who maybe missed this last week, the Rumble Chat ended up winning the trading competition. So congratulations to the rumble chat YouTube came in second, the wheel came in third and right now we're in the awkward in between basically just waiting to start up the new competition and what the real impetus is here. Uh, kind of just relates to the account and the account approval is I need to trade for x amount more days before I get to seven days locked in where I can convert more of the challenge accounts to officially approved accounts where we're trading for real money. So um, uh, we're just waiting a couple more days. so I'm thinking we'll start the next competition right after President's Day Uh, that doesn't mean like I mean we could 100% keep trading here. I mean we always have some degenerate things to do. position I S accounts Okay, yeah, I mean we have some accounts up, but um I'll show you guys where we're at right here.
Uh so these PA this account we the race was to 52,600 Rumble account 48. They ended up winning YouTube came in second and technically the wheel account has not passed the test yet. It needs about 11 more dollars and then it will also pass the test. Uh, but technically Rumble did win.
Now keeping that in mind, all these other ones see how this starts with PA That means we're going for like real money. Uh, but these other ones Apex, Apex, Apex the ones that don't start with a PA Dash um I'm waiting to get them converted over to where we can trade and they just need I don't know a couple more trading days. So I think we should be good? uh by next week and we'll do a new competition. new rules just to keep the competitive Spirits High Um, so just want to let everyone know where we're at with that I just basically need to execute a real quick trade on these ones today and then on 47 48 49 it would be nice to get the wheel account up.
I mean I guess we could do that. Account 49 49 Where are we at? Where are we at? Where are we at? Let me close this down. Okay, 49 we could just do a I could let you guys vote like kind of doing a out of the gate thing. All right, let's do a three for two.
All right, We're going to switch over to this All right? So I guess I'll still let you guys vote banley because I don't want to go find the wheel and spin it. So um I'll let you guys help the wheel past today and we'll go from there, but very, very quickly. Five things to know: Record Run: Market Alltime high Backto back yes the Chiefs Champions Congrats to all the supporters. Eight advances Senate We talked about the votes 95 Billy dropping from 118 earnings Eli we're still in earning season Elon on the sand with the SEC but o being accused about some weird stuff with Russia and the satellites.
Uh, before we get into it, remember uh, show public A little bit of love. In my opinion, this is the best place to trade options because you get 50% of the payment for order flow you generate back. No other brokerage at lead, to my knowledge, offers this. so no matter where you're at and your option trading arguably, it would be better off on public. They just started options trading in January That's probably why you haven't heard about it. They just introduced this. They already had stocks St and whatnot. Um, but I Just wanted to let you guys know about that.
It is pinned to the top of chat it is in the description of the video. Sign up. It's free to sign up. In fact, you're going to get some sort of bonus and then as you're actively trading options, you're going to be generating more of a rebate.
So keep that in mind. All right. Uh, how is everyone voting? Uh Rumble I Need you to vote and I Need you to vote quickly? Um I See YouTube came in bullish YouTube came in bullish Rumble where are you at you like seconds or I'll just end up going with YouTube I'll just go with you I'll do it I'm not scared I'm about to hit the buy button. Speak now or forever.
hold your spe piece. Speak now. Order filled. Uhoh what the fuck? Well, that wasn't the best open.
Uh oh SpaghettiOs that did not go the right way. Oh wow, that's uniquely going against me. Uhoh, this feels like the other bet. This feels like sports gambling a mere 12 hours ago for me.
I'm already having horrific flashbacks. We just got to have faith. I Gota Just trust. Just got to trust the process right? Just got to trust the process here.
hopefully. All right. just quick little quick little trade here to get back on the horse if you will. After a pretty sad Sports gambling experience just like one little trade back on the horse, What? what's going on here This can't? This can't be good by any means.
You know there's certain things that seem good and then there's other. Oh so the Spy is going up. So if I just did it on the Spy I would have been fine. It's particularly the tech sector that is vomiting right now.
Oh wow. Well this this is something th this is something. Rum's going. Rum's going back to eight.
Uh, we. we'll cover over Rum's numbers in more detail in a second. But uh, what is happening Are options Just getting unloaded? What's happening? Let's let's log in here. No one look at my password.
That's not cool. Don't do it. Don't do it. Don't do it.
Uh, we'll do this next expiry. All right, we're on the S&P 500 I think uh, how do I I don't want to include extended hours? How do I hello, How do I get this to close? To reload it Or just live with it? Well, the Spy is looking decent I Don't know what's going on with the Q's Uh, the Spy is having a decent open. rum's having a decent open Nvidia I guess Pelosi made it illegal for it to ever have a bad day. so that one's just ripping.
Clocking in at 726? That's disgusting. Bitcoin Also ripping Bitcoin over 48,000 Bitcoin rippity skippity dudah I Do have a Bitcoin update for you, but this is just I mean ever. We've been talking about it ever since. Um, the fake out Breakdown: The recapture this consolidation for two weeks in a row. I Was telling you guys how good I was feeling about this and a little bit later, I'll be covering the newest analyst price target of 112,000 for this year. Um, so we'll be covering that, but Bitcoin Looking pretty freaking good. Rum above Eight I Love that! Let's put up an alert here. And let's put an alert down here just so we know, rum on a larger time frame.
Meta looking good, consolidating. Uh I'm still waiting for this range to either break below basically 452 or above 486. but uh Target filled. What happened? It hit.
Oh holy shit look at that. Win in Rome Sometimes out of sight out of mine is the best process. Uh, locked in 150. This is.
This is how this is how you get back on the horse team. This is how you get back on the horse. All right. I do need to do a quick trade in these other accounts.
Uh I didn't even realize it was necessarily going in my way. so that's exciting. Hey, that's exciting. Oh brother.
Order filled. Oh brother Target filled. Did I not Did I trade that on the wrong account? shit I already did. All right I was supposed to switch I Always do this.
It's kind of embarrassing. Honestly, now now it's up to 200 I was trying to trade on order submitted uh, this other account or these other accounts. Well, hopefully I don't blow them out. Oh, it's always me always accidentally on the the wrong account.
This is what I'm saying is my brain is firing a lot more slowly today than it should be a lot more slowly. Well, that's not good. Well hey, that's not good. Come on.
I Just want to get all these locked in real quick. Get their trade locked in. Let's go. Let's go.
bring it home. Bring it home. I Wonder if I need to employ the same tactic of at a sight add a mine as I did before order canell were those ones actually traded on it? Traded on these right 60? Let me go back over to 60. Okay, yeah, it's showing the trade I Guess it was just like perfectly net.
That's a bit strange, isn't it a bit strange if you ask me that. they were perfectly net order submitted. All right. let's see if this one has I Just wanted to make sure they all had at least some sort of movement today just to quote unquote lock in the trading day.
Not doing anything too crazy, though, not doing anything too absurdly degenerate. Well, that might have been the one that screwed me over though. Let's see. just pop up real quick.
Pop up real quick. Here we go. Order Careel, right? Cool. So the wheel account officially actually the wheel account's technically the most now.
uh, relative to YouTubes and Rumbles, but also the competition was already over. So anyway, they are all successfully pass the 2,600 requirement. so I'll be able to take out 2K from three of them. which is nice because 2 * 3 that's 6K which is roughly how much money I lost on the BET Um, so it it looks like we end up winning Anyway, looks like we end up winning anyway. And then these accounts. uh I just need to do some background work on them to get them approved over the PA so we can start trading them again on a whole new competition. which I think should be Pretty pretty excited. I'm pretty stoked honestly.
All right with that being said. uh, we were talking about Nvidia ripping and it's continuing to rip I'm very jealous I don't have an Nvidia position I'm obviously missing out. Uh, but it is what it is. Uh I I did get into coin for a swing position I was talking to this uh in the Discord I think on Thursday of last week.
maybe it was on Friday Yeah, Friday CU I was looking for a close above the EMA Cloud So basically I got in at 130 9, 138 and coin's now at 144. that's actually on my public account. Let me log in to see how that one's doing. I'll give you the exact information on that swing.
Play sign in sign in where we at uh uh, where are we at I have coin $160 calls for March 1st and they are currently up. What? That can't be right. They're trading at $8 and I got in at 525 so I'm up a good chunk on those right now. Um, and I ideally I kind of actually want to ride this up to 160.
Um, so I just that's a swing play and I know a lot of the times we're in here like generally doing intraday trades I Just want to let you know that some of the times like like I'm still swinging Microsoft ever since I told you guys I got into that at 374, gotten into 374 right here. um and this thing is ripping. My stop is currently set to 402, but on this push I'm going to start moving it up just because like this is nice money. So Microsoft I'm I'm in that swing play uh in stock coin I'm swinging um March March 1st calls I'm also kind of stocking Netflix to see if that starts to break out and then same situation with meta and if you're curious about like why what I'm seeing and what I'm looking for my entry uh, criteria basically of like where I'd be happy to get in uh that's all in the newsletter so feel free to check that out and then also public where I'm actually doing these trades check that out pin to the top of chat in the description of the video.
uh how are we doing here Okay, options are a little bit flat right now. Uh, speaking about Rumble Just so you guys know Rumble battling out at $8 I think the daily chart is very, very interesting and then I think it becomes more interesting when you look at some of the newest numbers. So estimated short interest is now 19.8% on rum Sharon loan just below 21 million utilization just above 97% with a Skyhigh cost bar of 119. that's not technically a record. Recently was just over 130, but that's still in like a pure magnitude sense. That's a very, very high cost of borrow. So these are your numbers as of Market close on Friday These numbers All right here. Update: Basically, right when the market closes, Uh, so they're valid up until 9:30 this morning.
But now that the Market's been going, uh, we do see a slight change. It looks like U there's been a net borrow against Rumble by almost half a million shares. So these are the intraday changes about 10 minutes into the trading day. So that's where we're at.
on roomal roomle, roomle roomle. All right. let me go back here. Rumble's looking good.
808 808 Looking like it wants to party, Looking like it wants to party. Um, what else do we have? Questions, comments, concerns. um I still have some things that I need to get into I Want to do a crypto breakdown for you? We already talked about Elon We already did some degenerate trades on the Futures Market Uh, I'm trying to think of anything else. anything else.
Uh, I'm down for a full boycott. You're boycotting me. Who are we boycotting? Because if we're if we're boycotting me, sign me up. But I don't know if that's what you're talking about, but I will happily lead the boycott against Matt Kors If that's going to become a thing, um, do you have a stop on your rum calls? Yeah, Zero Z z Zer which I actually don't think they're necessarily looking the best right now.
Let me switch it over. so I can see uh I am not logged in I've been swinging some rum calls $8 strike and $9 strike and I guess that's this week, right? Feb Feb 16. So that's in four days. Yeah, not necessarily looking the best I Guess the timing of that was not the most ideal unfortunately, but that's how it be Sometimes sometimes you got to get a little bit lost to find enough flow and wheat to make your bread.
Uh, something just came out. Why did the market just get a hit? What just happened there? What happened there? Did we miss something? I mean Wall Street Loves Bitcoin We could come back to that. Actually, let's watch this now. This is what.
um Anthony Pompano Who's a bit? Queen OG was just on with CNBC Specifically, Squawkbox talking about old digital gold. Give it a listen. Welcome back to Squawkbox. The price of Bitcoin Crossing back over the $48,000 level one month this after the launch of The Spot Bitcoin ETF This morning trading slightly lower Jo us right now it's Anthony Pomano founder of Pomp Investments Good morning to you morning.
Uh, this has been a bit of a wild ride because we talked about sort of selling the news or selling the rumor. Buying or buying. the Buying The rumor We selling the news. Really messing that one up.
But now we've come back to buying. Yeah. I Mean look, the verdict is in right? Uh, Wall Street doesn't just like Bitcoin they love Bitcoin If you think of these assets, uh, there's been over 5,500 ETF launches in history. Never have we had a fund get to $3 billion in AUM in the first 30 days. Black Rock and Fidelity both just did it. So two for the first time in history. and then if you look at 21 shares, uh, Arc they're both going to hit a billion dollars this year or this week. And so now you have four funds.
They're going to hit a billion dollars of inflows. But the most interesting part of this is the inflows. Doing these funds are doing $500 million a day of net inflows, but there's only 900 Bitcoin that is actually coming into the daily incoming Supply And so when you look at, that's like 40 to 45 million. There's 12 a 12x more demand for Bitcoin than what's being produced on a daily basis.
How much of this do you think is being generated by the ETFs themselves? Well, I mean you just measure the actual net inflows right and so you can just see there is way more buying pressure. So you're saying three billion for Black Rock There's four billion now for Black Rock Three and a half for Fidelity And then you've got bitwise and 21 about a billion this upcoming week that have gone into market cap is a trillion. So this isn't this a Dom Minimus issue or no. Now here's the where it gets really interesting.
Most of these things aren trading 80% Right of all Bitcoin in circulation has not moved in the last six months. You got have only about $200 billion do that's actually tradeable And so that means that these ETFs sucked up 5% of the entire tradable supply of Bitcoin in 30 days. I mean bit Bitcoin is become wall Street's favorite asset. What you going to say: Joe I Can tell you I'm not gonna say I 5% doesn't sound like a lot I I Here's what: what: I'm 30 days.
It used to take a lot for someone to invest in Bitcoin It's real easy right now and I just I don't know. Are we going to 990,000 in a year? That be too. We people don't double their money by buying an ETF in a year. So I think that now I think it might be a currency that you can use because it's going to stay at 47,000 Look, the the world is changing for sure.
I Me last year the NASDAQ was up 50% right? and so there's definitely these big moves that happen in the traditional markets Bitcoin Obviously is that on steroids, but the other thing that's now starting to happen Fidelity just came out. They've got a fund. it's an all-in-one fund out in Canada and they're going to put one to three% of that fund into the Bitcoin ETF And so you're going to start seeing is not just direct inflows into the Bitcoin ETFs You're going to start seeing them putting Bitcoin into all of their funds because it from a risk reward standpoint drastically improves the performance of these portfolios. and they're going to start to realize if I'm lagging indicators.
If I'm lagging performance, if I put a little bit of Bitcoin 1 to 3% into this portfolio, it's going to enhance bcoin I Think it might be good if it stayed at 47,000 for a year because then it would. People wouldn't worry about buying a pizza that's worth a Mercedes two years from now. The uh, The joke in the Bitcoin Community is the real bitcoiners want the price to stay low so they can accumulate more of it, right? But obviously when you have this much got go a year from now, it's where. no, it's much higher. I Think that if this continues, if we have 12 and a half times more demand than we do incoming daily. Supply And remember the having is coming. so we're going to go from 900 Bitcoin to 450 Bitcoin a day. I Mean this thing's going back to his all-time high It's pretty much guaranteed at this point.
What's that other thing called Becky Whenever Talk about the having you know where we all go up to heaven and something. The um, the someone's Left Behind The Rapture The Rapture having is like the raptured it to you to you Really hardcore. Let me ask you this. You're you're a bull.
You're an owner. What's the thing you worry about about being wrong about? Yeah I Think the biggest thing is it's not so much right or wrong as much as it is like. the return of this asset is going to dampen over time just as it gets larger and as the holder base changes. One of the things that hasn't happened in the Bitcoin Community previously is things like rebalancing.
And so when you all of a sudden give financial advisers an asset and let's say you have a 1% allocation and it goes to 5% you're going to sell, You're going to rebalance that portfolio and so when the holder base is changing, you have to understand that the return profile will come down and so if you think that you're going to buy Bitcoin and it's you help you retire, those days probably are behind. Uh, but what it will do is stock. But then you're not in the camp of of the Kathy Woods $500,000 million base case Bitcoin valuation issue. Because by the way, if if that's true then you then you can retire.
Yeah, I mean look again, it depends on the timeline right? So if you're saying it's going to go from 50,000 to 500,000 which is 10x and that's going to happen over the next 10 years I Think she thinks that that's what's going to happen. That's not that crazy, right? I again NASDAQ was up 50% last year I'm not saying Nas going to go up 50% every year, but we live in a world where it has completely lost all ties to reality because we are printing an enormous amount of money. The interest payment on the debt is a trillion dollars, right? It a video game number. and so in that world, how much are these assets worth? When the denominator is just being debased away, they're going to be worth a lot more.
You can just start putting zeros on the end of the values of these assets. Anthony Pomo P Thank you sir. Absolutely thank. You guys Appreciate it I think that was actually a pretty in Cal chat but then that leads to the question of what's your target. He almost seemed to take his foot off the pet a little bit, but in reality he was still agreeing with Kathy Wood and saying hey, like our Bll Target is like closer to a million um I'm just curious where you guys are at on it I I don't know that's a good one and I guess it's it's price but versus time Like farther out of course my price targets higher, but in the short term I'm just kind of seeing what's going on on this 50k point because I Think that'll get excited terms of decades, you know, speculators Traders Like they think in terms of days, weeks and months like Hodlers of Last Resort They have a long time Horizon long and so you know. like if you're just here to get rich quick and you have no, you have no mental investment and you can't control your emotions and you have no discipline, you're going to get wrecked. But but if you got like you know if you got a long time Horizon and your time preference has changed because you understand the nature of the soundest hardest Mone that the world has ever seen. I Mean in 18 months it's going to have a lower inflation rate than gold.
I Mean this and it's extensible and the current system like what money is, it's gonna die like the current system is a burning platform so like where where's everybody going to go And so this is the hardest soundest money that the world has ever known. and super hard like. So how low can it really go? I Mean it's up. It's up 100% from 18 months ago.
Bitcoin Is the apex Predator? Had the Apex Predator Barcu supposedly possibly entering an agreement with Rkings. Have you heard this rumor? The Rumor I Think it was literally posted by Barol. So I think it's uh, quite a bit more than a a rumor 10 hours ago by the owner of Bar Stool. Hello, Do you know us? We're one of the biggest media companies on the planet.
I Just bought my company back for $1 and now we can do gambling Partnerships Again, that is why we all downloaded the DraftKings app because the more things change, the more they stay the same. The DraftKings app is still the best way to play daily fantasy and bet on. Sports We have the crown now the DraftKings app. I don't bet without it.
Yeah no. I'd say it's pretty pretty straight up hello. Do know, probably a fat deal. Probably a fat fat deal.
What is this one? What's he talking about this morning? I Do have noodle eyes So I was in Vegas all week for Super Bowl week doing content. obviously then I sort of. if we're being honest. I sort of partied on the weekend.
it just didn't sleep at my age. you have to sleep. At some point the noodle will overcome me and I will go into a coma of death. but that's not now.
I'm in Chicago I Do have noodle eyes. So do I have what are noodle eyes do I have noodle eyes. Gambling is a scam. You sure you're on the right channel? You want to double check the major content discussed on this channel. It's only a scam if you're losing. Fair Super Bowl Message from Joe Biden It's Super Bowl Sunday If you're anything like me, you like to be surrounded. Buy a snack or two while watching the big game. You know, when buying snacks for the game, you might have noticed.
One thing: sports drinks. Bottles are smaller, bag of chips has fewer chips. They're still charging it just as much. And as an ice cream lover, what makes me the most angry is that ice cream cartons have actually shrunk in size but not in price.
I've had enough of what they call shrink flation. It's a ripoff. Some companies are trying to pull a fast one by shrinking the products little by little and hoping you won't notice. Give me a break.
The American public is tired of being played for suckers. I'm calling on companies to put a stop to this. Let's make sure businesses do the right thing now. bro.
it's not them. They're not the one who caused inflation. That's crazy. K Harris says she's ready to serve as Biden faces age scrutiny according to the Wall Street Journal Kamla Harris says she is ready to serve as Biden faces Aid scrutiny.
In a recent interview, the Vice President Uh cites her capacity to lead after Uh stops on her abort abortion rights tour. Interesting, Interesting. Uh I Don't think the world will be the most happy with that. What is this? Why is this not working? I'm having a lag issue over here, but isn't it amazing to you? Like it.
It was in the paper today about this country came out of the pandemic. Way better. We just fuck, we won the pandemic economically. I mean America God I Don't feel that way.
Explain it to me. I Feel like inflation's insane number. Inflation is not insane. Bill: Go.
There's numbers I understand things but it has house has tripled here. look I I I Get that people. buy some fucking eggs. Um, explain.
there's there's feelings. And then there's the numbers. Okay, what are the numbers? the? Well, the numbers have come down a lot in the last six months. Okay, uh, it.
of course they were. It was inevitable when we gave out $6 trillion doll so that everybody could hide under the bed from the forever flu That was never going to end. well. it was taken by the richest people ever and didn't and it was a lot of it was stolen.
It was it was. We agree on that too. It was like was there some response needed. Of course you don't want the hospitals overrun, but it was just a massive overreaction and that did cause some of the inflation I Feel like he was arguing against himself I Think he just provided valid points of why his point, like his assertion, was wrong.
That's a bit weird Bill Bill Booy Billbo baggin rum holding eight Nvidia getting a bit hit. coins up at 144. Did tag 146 Tesla Uh did it get that upside gapo that we've been talking about? Uh, almost. Uh. I think Tesla could actually be interesting above 196 195 196 Upside: Gap Fi to 207 something I'm interested in on Old Tesla Nvidia just keeps ripping I don't really want to chase it Apple's not doing much Amazon Uh, actually broke out of its consolidation on Friday A nice little earnings drift play. Uh, because of earnings popped up up Consolidated broke out. That was a nice entry and you'd probably be Off to the Races by this point I didn't get it I'm looking for Netflix to get above and hold above 570 I would love that to happen. Uh, meta I'm watching it SAR too previously.
Microsoft right now, very similar to Amazon Earnings it pops. We're getting the consolidation waiting for the like continuation from here. Uh, so definitely paying attention to that. Bitcoin is just ripping.
Uh, we're actually at almost at this previous high from January 11th of 49,000 Let's send an alert there just to see if this thing pippity pop and rips off. Uh, what do we have? Eth, Where's Eth at Eth is at 2.5k Salana is at 106, oil is trading at 77, Gold is at 230, and TLT is actually struggling a little bit at 94 here. Uh, couple closes below the cloud. Not the most stoked about that, not the most stoked about that dog.
Oops. All right. Uh, all right, let me put some stuff into the Discord for all those degenerates. what is today Feb What is it the 12th? Feb 12th.
Uh, it's the 12th. All day, right? All day, all day. I Believe it's the 12th. All day, all day.
I Think that's how these kind of things go I Think that's how these things kind of go. Oh Rum Rum Rum Rum. Where's all the rum? I Guess should? I put on my trade. Rum Rum Rum Rum Rum Rum.
Oh brother oh brother. All right, we put that in there if you're in the Discord that should have been loaded it up. Was a little early, but it's pretty obvious where this is going in my humble opinion. In my humble opinion, typo, today is the 12th, right? Yeah, All day, All day.
All dear, all dear uh, Rum here. let's set up some break out a breakdown. All right. Did this.
Okay, We have the breakdown and breakout alerts all set up. Rum's holding I'm liking it. If we can, sneak kind of back up to 820. Maybe a little action from there, maybe a little action from there.
What's this one? Just like we drewed up. Is this just like some weird joke about the Chiefs and everything a little bit silly if you ask me. A little bit silly if you ask me. All right.
All right. All right. All right. Tabs already going slow on Me tabs are already going slow on me.
So the five minute, uh, recapturing the Cloud bullish? 10minute recapturing Bullish. and then the 30 minute uh, actually staying bullish the whole time And obviously the daily has been bullish. This is all for the S&P 500 futures. Market Um, so the five and the 10 and the 30 I would argue favoring the Bulls. Uh, what's weaker is the NASDAQ so the NASDAQ, the five and the 10 are red and granted, the price actions trying to get above, but it looks like right now it's getting smacked. Um, so the Q's on a relative basis weaker on the five and the 10 the 30 minute is holding. Actually, the 30 minute sold off bounced right off that 48. EMA Um, but the five and the 10 uh seem to be lagging behind the S&P 500 where they already pushed and held above while the NASDAQ is attempting to pull that off.
Uh, but as of now, Uh, no luck it. We're getting a bit of a push over the past 10ish minutes, but this will be interesting. So it it's kind of this idea that I believe if we take out the intraday High especially on the Qes if we start to push whatever 437, 30, 40, something like that. uh, I I Think there's reason to be a bit more confident.
Uh, a bit more confident there. But for right now, let's pay attention. Uh, we are looking like we're just battling it out at the close I believe this was the close from Friday 4378. Yeah, roughly it's close enough to the close.
but low 437s that is the low. Uh, excuse me. the close. a Friday And that's exactly what we're trading around.
While the Spy is a little bit stronger than that. uh, trading Above This 501 Area 50120 Will BTC hit 50k this week? Literally, No one knows. No one on this planet could tell you that. um, that's actually a It's those types of questions that you get a lot in the world of retail.
Like if you read it on Reddit uh if you read it on Fin twit, it's just like oh, is this going to go? Is this going to go and people are asking questions that you just don't know? You just don't know. It's more of like based on a a certain question, Are the odds or is the payout for that bet good? So like measuring risk reward like that's how you do it. and then you take highrisk reward. uh, setups and it that like you're looking at it for like a longterm like, uh, data set or whatever like you want Many examples not like this.
That's why you don't go all in on one bet cuz even if it's the best setup, there's still some sort of statistical chance it blows up in your face. Or you could also take the worst setup ever. And there's a statistical chance that somehow goes in your favor. So that's why you have to look at it like almost systematically, of like, okay, how does trading and whatever Mantra mechanism XYZ over a large data set actually work? Is it net profitable or is it not? Um, opposed to this question of like oh, will it go this week It's like who knows that no one knows that it's kind of the wrong question.
uh, that type of question we all wish we had the answer to. but inherently you're never going to get the answer to it. So trying to chase that down and figure it out I mean everyone's guess is as good as someone else. Someone has to know. No. I mean think about what the market is. It's literally millions of people at any moment in time making decisions based on, uh, infinite amount amount of inputs. So like to try to model that and be like oh okay, like I where this is all going.
no no, there's too many players. uh, from like some random person who just got a retail app all the way up to large large Banks and Pension funds all making decisions at different moments for different time frames based on like different material. So to try to say like oh like I know where this is all going then no, especially in the shorter term, your predictive ability is going to be better the longer your time frame. Uh, so if you're trying to do like, oh, like, what's this next one minute bar I mean it's pretty much always going to be 50/50 the smaller your time frame.
uh, the less distinct it is from like Randomness the shorter your time frame, the closer to Randomness it is. So to try to predict like like I said like oh, where are we going today that's a much much more difficult task and there's a lot more variance in that type of prediction rather than oh, like, where are we going like five years from now The longer your time frame, the more you could model out the fundamentals and like fundamentals kind of win out the day in long term. Uh, but when it comes to shortterm, like active trading, that type of stuff, uh, and I'm talking like a couple days or even intraday I mean dude, you're you're just Ling it rip uh hey Matt It's been a great three years watching you and teaching you expand your brand. Onor investment knowledge.
You belong in the AP Hall of Fame That's so nice of you. Mt Pockets I Appreciate all the support you've been here. Like you said for really since the beginning of it, So shout out to you man, that means a lot to me. Thank you Feds Bowman Too soon to project when and how much Fed rate Cuts We'll see.
don't see Cuts as appropriate in the immediate future. Interesting, interesting, Interesting. He's talking about the wheel right? Well, the wheel is always going to be spot on. Um, kind of noteworthy.
here is the five and the 10 on the nasic are getting rejected on their cloud while the five and the on the S&P are coming right back down to their Cloud. So you ver if you're bullish, you want the Spy to basically bounce off of these levels right where we just tou
Great stream.. I guess