Foreign, Foreign foreign. ER Good morning, good afternoon, good evening, good night, Good. whatever time it is for all of you. Welcome back to another episode of the Matt Core show.

Today is: Wednesday August 16th Market's looking a little sauce. Oh, it's not looking sauce if you're bearish. If it's if you're bearish, if you have a bearish position on right now, you're feeling yourself, you're feeling good, you're feeling like you finally figured out trading. You're at that point where you're like no, I'm sticking to my rules.

it's going right I am a Trader this is my life I'm making money off of it. On the flip side, if you're bullish, you're feeling uh, you're feeling like the Market's rigged and it's bullshit and it's going against you. And if it just weren't for those dark pools, you would be where you need to be in terms of your p L. So uh, if you're on the right side I Congratulate you.

If you were on the wrong side of this play, it's it. Yeah, they got, they got you on that one. They they definitely got you on that one. So my apologies.

But hey, there's always tomorrow. Or maybe you'll get lucky and things will turn around. Maybe it's going to be one of those days where all the Bears unanimously decide to take their profits, when the Market opens and then everyone switches bullish and it pops for you, Maybe there's a way where both sides could win now. Uh, you might argue.

Well, it seems like both sides commonly lose and that has been the historic nature of retail trading. That has been the historic nature of degenerate zero. DTE Trading You're right. I'll give you that one.

but maybe maybe just because it's gone on for far too long, it's time for it to switch and maybe retail trainers will go from losing 80 85 90 of the time to being profitable 80 85 90 of the time it's we've had the past, it's gone on for talk. Far too long. time to switch it up. What years did I just woke up from an Amazon cry row chamber.

Um, it is 2054. and the market is still ripping. skipping do down all the way up 2054 Earthling Earthling 69. oh man.

I hope everyone is having a good morning or whatever time it is for you of who have everyone had a good night last night I Myself had some amazing amazing duck it was. Went out for an anniversary dinner. went to this fancy fancy schmancy French place in Manhattan and it was awesome I Don't know if you guys have ever been out one of those places where they have a sommelier like a wine expert which is apparently a thing. Uh, they come around like what are you getting for dinner and tell them when you're getting for dinner and they're like hmm may I suggest this Bordeaux and they don't actually say that because I'm now finding out that a Bordeaux is a type of wine And I just call All Wine a Bordeaux I was like oh we love a Bordeaux and then he's like oh like specifically that and then my fiance is like he just says Bordeaux for anyone and it became confusing and then I also made off-handed jokes about their dessert there is some sort of strawberry pastry and I asked her uh the waitress I was like on a scale of like a really crappy cookie all the way up to amazing strawberry shortcake.

where does this dessert fall and she was kind of like shocked. She was like uh well none of our desserts are crappy and I was like I didn't accuse your desserts of being crappy I simply asked you like where in this range is this particular dessert so I ended up getting it because she was like a little offended and I wanted to like make it less awkward and it ended up crushing it so that's what I did uh and then I came home and watched more episodes of Psych because Psych very much stands the tests of time folks. If you're bored, if you're sitting there after a day of crushing it in the market, sweating after the stair stepper and you're like I just need something to like. kind of calm down, decompress after crushing into the market, crushing into the gym I Highly recommend watching the Psych.

I am not affiliated with Psych. Psych does not pay me money I Just like the show Psych So much that I would happily recommend it to all of you. It's currently on Amazon Prime which I think we all have an Amazon Prime account and you can watch it Matt is now just discovering it's like no I watched it when it first came out I'm telling you it stands the test of time I'm now re-watching it. If anything, it's nostalgic.

It's a blast from my past. I Really enjoyed it when I was growing up I think it kind of came out when I was in Middle School slash High School Uh, because I don't know. there's a handful of seasons to it, but I'm now re-watching it. Top tier, top tier.

The jokes are hilarious, the acting is hilarious, the writing is hilarious, the chemistry is amazing. Very much stands the test of time. so if you're looking for something else to watch I highly recommend that. and other than that, I guess we should start talking about the market.

Um, the fact that things are looking bearish. I Mean we're getting classic breakdowns. We're getting classic closing below recent lows, the recent weekly low, the recent daily low when you close below that. it's not a guarantee because nothing in the market is ever ever guaranteed.

But but. but but the odds are increasing of a continuation. To the downside now, obviously we're not going to sell off forever. We're going to stop the sell-off as soon as you admit that the calls were a bad position.

That's that's when the market turns. A lot of people think the market turns on the concept of oh, overbought, oversold volume exhaustion. This thing, that thing. uh, average.

True range moves. Volatility moves. That's what they think. the market moves on.

But we all know that the market stops its sell-off right when you get out of your calls. And we all know that the market turns down after a huge rip to the upside as soon as you get out of your puts. If you want a specific date of when markets term, all you have to do is look at the expiration date on your puts and add one day. So for example, and I know that might be a little bit confusing, but today is August 16th If you currently have calls and you're thinking to yourself, when is this Market going to turn you add one day It's honestly that simple.

It's the Mac core's plus one formula. All you have to do. You look at your expiration date, you add one day and that's when it's going to move. And it actually works for everything.

It works for equities, It works for the overall Market individual companies or works for futures, or works for crypto. It works for everything in between. If you need to know when something's going to turn once again, this is: I own the trademark I own the copyright I own the trading copyright on all of it I It's mine. This is my official formula and all you have to do is look at the it's based on the Gregorian calendar.

That's where people kind of get a little messed up with this particular formula. They don't know what calendar sometimes people are using different calendars I Did all this research mine doctoral thesis was using this and it's based on the Gregorian calendar. Uh, there is still some other research based on other calendars, but for this one on a basic Gregorian calendar. if you're looking at yours right now, it says August 16th Wednesday August 16th.

If you want to know when things are going to turn, first of all, you have to have calls and then they have to be expiring and then you add one date to it and that's exactly when the market turns. So feel free to write that down. Feel free to I don't know, try to pass it off as your own training methodology. Do whatever you want, but we all know that it generated here.

It's exactly what I It's exactly what I studied when I was in elementary school when I was yoloing degenerate options. Um, that? That was my big finding and years of my life have been dedicated to realizing it turns the day after you're forced to throw in the towel. On that note, I Want to share with all of you because this is actually beneficial for everyone. but I Was in the Discord this morning chatting with some other Traders talking about what's going on in the world and this concept of expensive or cheap and it kind of came up surrounding a good conversation and I wanted to bring this up so recently when on my trip to Florida the Sunny State of Florida we should call it the Muggy State of Florida because it's literally a wall of humidity I Read this book Way of the Turtle and this doesn't have anything to do with the most prominent religions of Turtles Um, that's a different book this really doesn't have to do with like the Cult of Turtles uh, this one.

This is actually about a group of Traders like the Turtle Way there was 23 traders who had nothing to do with trading and the concept was more and I explained this a little bit on Rumble of can Traders be taught or are they born are successful Traders Is there something going on in their brain chemistry that makes them that and like? It's just either you're going to be successful or not at the get-go or could you take any random person and make them a successful Trader That's what happened back in the 80s. There was two frame Traders The very first cohort of them started with 23 people and not all of them were successful, but a big chunk of them were and Curtis Faith was actually the youngest turtle in the group of the 1983. Turtles Uh, he was 19 years old and he went on to end up making like over 30 million dollars. So anyway, he wrote this book.

It's a fascinating story, but there's one little aspect I Want to share with everyone because whether you're a day trader or a swing Trader this isn't necessarily true for investing. that's a different conversation of overvalued, undervalued. That's more of a classic fundamental breakdown. You could look at various different metrics that tell you that, but I'm talking about day trading and swing Trading whether you have a recent push to the upside, uh, sell-off to the downside: a lot of the times you can talk yourself in and I do this all the time.

Maybe it's not in you, but maybe you guys are just far better Traders than I am. Statistically 50 of you in here are better Traders than I am. 50 of you are as shitty as I am. But anyway, so I'm talking to the people that maybe you have the same psychological problems that I do and trust me I have a lot of them.

not just in the world of trading, but I want to talk about one that maybe could help people for day trading for swing trading. and if you end up getting this book just so you know, I am referring to page actually 16. it's early in so for people who never, ever finish a book once again like myself I wanted to share one thing for you from this book, it's a psychological phenomena known as anchoring the tendency to rely too heavily or anchor unreadily available information. So that's just like I guess the 10 but foot view of definition of this word.

Once again anchoring the tendency to rely too heavily or anchor unreadily available information. And then they go into like a huge discussion of how that presents itself in the world of trading. and that's actually what I want to get into right now. So if we look at the Spy the S P 500, it's very easy on this time frame.

If you exclusively on your chart, look basically at the month of August You Could argue that the Spy is cheap cheap right now. it's trading at 442 and not that long ago we were at 459 and it's coming straight down. so you would be anchoring it. To this point, your thesis of like oh, I should buy it because it looks like it's going to go back up because look at how much it sold off Once again, you're using an anchor Point that's all the way up here.

Now if you come down, if you come out a little bit, let's look at this low from October If. Instead you're looking at this particular time frame and you're anchoring your thesis. To this point you could be like, well, that was 350. the spice Trading at 442.

that's actually really, really expensive. But what's crazy about it is the spy in both of these scenarios is at 442. So relying too heavily on readily available information and obviously, there's like a far more in-depth accurate psychological explanation of this that I probably should be able to do. But once again, folks: I'm not a psychologist I'm a fashion icon I'm a Pico influencer.

But this is all the same information. It's It's readily available information, and yet based on just the chunk you choose to focus on, you can make the fair argument of is it overvalued or undervalued? Once again, this is called anchoring. Look into it. It's the banging of not only my existence, but many, the existence of many day.

Traders swing Traders And it's one of these things where you can mentally contort the same set of information just to back up whatever you have right here depending on where you choose to. Anchor You Could argue for your calls or for your puts. Basically, based on any time frame, you would be able to argue for your calls or for your puts, even something that is at a brand new all-time high. You could go down to the one minute chart, see that it's come down a little bit just on that, and be like oh, it's cheap now I should buy even though on the The Daily the weekly, the monthly yearly, it might be essentially as a new all-time high anchoring is gonna hurt you.

It hurts me emotionally, physically, financially, metaphysically, spiritually, it hurts all of us, and it probably outside of the world of trading. It's probably a super negative negative, um, phenomena. but before we get to philosophical on it I think it's so have I mean a lot of you have been here in the mornings and when I ask you okay? Is today going to be bullish or bearish? Most people, most of the day that gets more than 50 of the vote and we've seen this many times. In here alone you just vote on the pre-market or there's at least a high correlation.

Maybe it's happening consciously subconsciously. but day in and day out when I ask people when I do it appropriately. Uh, when I do it before the Market opens and I ask you folks Oh okay, like what do you think today is going to be a red day or a Green Day Most of the time the vote is in favor of the pre-market Direction So from 4 pm until 9 30 in the morning if the Mark if pre and post Market post market Fall By pre-market if it's green. most of the time the majority of you guys vote oh, we're going green and then on.

Obviously the opposite's also true. If the post market and pre-market ends up being a sell-off and it's a bit red, a majority of people in here end up voting and once again I am guilty of this myself end up voting for it to be a red day. and what is that? It's actually there's a whole nother psychology thing in here, so that is a combo of I just want to get it right. Um, recency bias and also anchoring recency bias the tendency to weigh recent data or experience more than earlier data or experience.

So when you have recency bias and anchoring put together, this is one of the things that it happens in our brain. and in a weird sense I Think there's a lot of things that happen in the market that is the exact opposite of what you really need to be like a successful human. as in a lot of the things that of how our brain is wired, the biology of our brains, or the evolution of our brains or whatever you want to call it. I Think a lot of what's going on is the exact opposite and we see the that in the pure fact of who's successful in the market and who's not successful When you have most people failing at day trading and swing trading, investing is a different story.

It's actually easier. The stats are better to be an investor, but that's a different story. Well, when such a high percentage 80, 85, 90, 95 of day Traders and swing Traders end up losing money. It tells you something about the masses is going wrong right there.

That stat alone should tell you that. Oh man, like not only is this a difficult thing to be successful at, obviously that's one take away from it, but another thing is when there's that many people and it doesn't really just seem to have a correlation with intellect or not, you have some very very intelligent people who fail at trading. Uh, I believe was it might have been Newton I think it was Newton The guy who made calculus. The guy who invented apple trees.

The guy who realized you can throw apples off of apple trees and call that gravity that dude in today's money lost millions and millions and millions of dollars in their equivalent of the stock market. So just being smart, however, we want to Define that and that's a weird thing to Define in itself doesn't really have much correlation to do with the market. And then on the flip side, I mean I've personally met Traders So I'm like, dude, how'd you even get out of high school math and yet their P L is not just a little better than mine. far better than mine.

which tells you the correlation isn't there. If anything, it tells you that like, kind of like the odd minds are the successful ones. People who look at this differently, or at least people who have a mastering of certain psychological phenomenas whether it's recency bias, anchoring, and like I Don't know. This book has like a whole whole list of them of just like things that we have to battle because if you fall into it and once again I do it all the time.

day in and day out. If you watch any of my streamers, you could be like like it's almost like a checklist for me. I feel like I hit every psychological thing that I shouldn't be hitting. It's not a good checklist for the like I I get a hundred percent on the test, but that hundred percent on the test means that I'm actually or like horrifically failing My point in bringing all this up rather than just I Don't know.

Being like a monologue and like talking about it like this is the fact that I think in the market when you really can understand what's going on in your own brain, that's causing it to not work with you I think that's your first major step in being successful I wholeheartedly believe everything I know about charting, technical analysis, fundamental analysis options Futures I think everything in my brain if you had a dedicated weekend, maybe a long weekend. maybe this isn't exactly right, but you get the point for this story can be taught in one weekend. Maybe like I said, maybe it's an extended weekend, but I think all of like that true. Somewhere like everyone's paying for the next course, they're reading the next book, they're doing this.

they're doing that. all that stuff like it's not hard to draw trend lines and break out and breakdown then. maybe. Options are a little confusing at first, but as soon as you get it, you're like okay I get it Theta Decay with Futures Once again, it might seem daunting because it's different and you haven't taken the time to look at it.

But once again, as soon as you get it which I think you could truly get in like a good couple hour discussion, you believe like okay I get that it's not the knowledge. It's not really that skill set, most of it is just discipline. I Truly believe After speaking with many, many successful Traders and investors myself reading all these books, The thing that's gonna set you apart if you want your P L and maybe you don't want this. Maybe you're a person who likes losing money.

Maybe that's your Kink and I'm not here to shame you. Maybe you like to be your own like Financial Dominatrix and you're like who's taking my paycheck and you're like oh, it's my own trading account that every single week and month is like draining my own training account. Maybe that's your thing and I'm not here to bash on you, but if you have the Obstacle of wanting your account to go up, it's going to be much more of the battle with yourself. I Promise you this, this isn't financial advice, this is just life advice.

If you can realize your own mentality, your own psychology of when things are going wrong and unfortunately, there's not going to be a one-size-fits-all all situation for this like you're We're all going to have different problems and we're all going to have different solutions for the problems that we have. but Focus much more on yourself and I truly believe I wish I had a product to Hawk to you. but I don't have a product to Hawk to you I Truly truly believe. One of the first steps you can do is start almost making a quantitative breakdown of your own trading.

as in I'm talking about a trading journal. You the first step to realize where you're fucked up in your own head is to write down, get some sort of evidence, get some sort of data, write down your trades. Why did you get into it? Why did you get out to it? How did it go? Maybe you're starting to develop your own strategy out of it like whatever. but I think the first step is for you to get some sort of evidence for yourself that you could look at.

You could review not only quantitative, but qualitative. You want to get the actual okay I entered here I got out there percentage gain, percentage loss, whatever. What was your max risk? What was your max possible return? But then also you have to write down your reason. How did you feel like emotionally about it? Did you feel in control? That is the part that I believe I'm of the opinion is really really gonna actually go from okay like a losing Trader which so many of us do actually into some positive trading.

but anyway, if you have any, I don't want to spend too much time on this. If you have any questions, comments, concerns, maybe you agree with me, maybe you wholeheartedly disagree with me. whatever. feel free to DM me we could chat about it but I just want to share that also phenomenal book.

Way of the Turtle highly recommended I'm gonna just start sharing like I read so many trading books every single week and month like I read a handful of trading books every month I'm gonna start I guess doing a little bit of a breakdown and sharing the ones that I think are useful and also like I mean I I'm also going to share ones where I'm like I kind of don't agree with this reason and just share my opinion with it. and once again I'm not the know-it-all expert in this I get things right I get things wrong. So this is the recent one I read uh the current one I'm on right now. What is this? The my current one is like the best losers win or something like that.

It's by Tom Hogard who is a like a world champion Trader Let me hang on. uh let me get the current book that I'm on Just and the reason I'm bringing it up because I really a Best Loser wins. it's by Tom Hogard. Um, and this is actually like all psychology, there's no trading strategies or anything like that.

This one actually talks about some trading strategies like this one and he's like oh, like the Dawn chain breakout this that the other thing like the profit Target that stops this one has some psychology in it, but also some like legit training stuff. Uh and then the best Loser wins. It's almost like all psychology so that's the one I'm currently on and when I'm finished with it I'll let you know my feeling and then I'll let you know about the next one. But anywho, on that note, oh dude.

I Really wasted time this morning. Well I thought it was important I hope at least one person in here got a benefit off of that discussion. Maybe a little bit of rewiring your own mental framework of viewing, day trading and swing trading and really just active trading in general and on the off chance that none of the couple thousand people in here uh, got a benefit out of that? Um I guess I'm I'm sorry for wasting everyone's time. So yeah.

I guess that's just kind of awkward. just kind of a bust of a morning show. But hey, there's always tomorrow. So once again, if you think that the show can't get worse, tune in tomorrow because I bet you that it can.

Now that I have five minutes, let's see how Lickety-splickety I can rip through this: Stock Features are little changed as Wall Street looks beyond losing session. So right now on the daily chart I would argue that this is pretty bearish. We close below the low of Monday end of Friday and last week's low, which was Friday's low. So the fact that we close below all these key levels makes me feel not so Bueno about the accident today.

Now my tune would change a little bit if we got above 440 450 and it would definitely change if we got above 446.50 So I'm looking at yesterday's high to definitely switch over to bullish and I would start to you know him in a hall about it around 440 450. But as of now going into today, my bias is bearish, which is in the exact opposite argument of today's season reality. Today Wednesday August 16th The Bulls historically over the past 25 years have won this two-thirds actually in excess of two-thirds of the time with the profit Factor coming in at 2.38 And obviously the bias is very, very bullish. If you want this macross.locals.com it is 100 free.

But anyway Market it was pretty good on Monday Now we're seeing some weakness: Weekly mortgage demand drops again as interest rates match a 22-year high. If you're in the world of real estate right now, I Feel your pain UK Headline inflation rate dropped sharply to 6.8 in July in line with expectations. So our brothers and sisters across the pond they're lagging our I guess own progress in the world of inflation. but at least they're still making progress.

So they started their battle against inflation a little bit later than we did because of what was going on with Russia and Ukraine and concerns about energy. So anyway, they started their battle a little bit after the US did, and that's more of just a geographical thing. But anyway, we're seeing a similar update. Uh, from them.

Magnitude's bad, but they are making good progress On that note, we will be getting the CPI for the Eurozone on Friday tomorrow. Thursday We're getting the normal initial jobless claims information and then for today I Want you to know that at 2 Pm 2 P.m Eastern So two hours before the market closes, we are going to be getting the Fomc meaning minutes from the last Fomc meeting. There's no Fomc meeting today. We will be getting just the meeting minutes from the one that was at the end of July Fed minutes set to show only a minority Saul End of tightening Now I'm still operating under the assumption that we are getting no more rate hikes.

Obviously, there is a possibility, but I would need to see some macro economic reports that really suggest that we should be getting another one. So anyway, yes, we're going to be getting a Pce report I Believe in two weeks I Want to say and as of now if like, if it were to happen today, if the Fomc meeting results were today, I'd be betting heavily on the fact that we're done with rate hikes, but there's obviously going to be some reports between now and then that could potentially sway the voting members decision. On top of that, we're still getting earnings Target Came out this morning, so I want to talk a little bit about that? Walmart Coming out tomorrow John Deere coming out Friday Feel free to screenshot this feel free just to go to at Ewhispers on Twitter if you like this. Very useful graphic.

But anyway, talking about Target Target Slash's full year forecast is retailer struggles to win over Thrifty Shoppers So Target trades under the symbol TGT As of right now it is up 7.7 You heard me right, it is up 7.7 percent. Did you guys hear that? Um, if you guys didn't hear that I Had to take a quick break to sneeze and it was a wild one came out of nowhere. It's probably because I'm allergic to kittens and I now have a kitten. Uh, but anyway Target looked like it was about to get eated off a cliff coming into Market close yesterday Target Looked like it was just on a Death March but it ended up surprising clearly to the upside: earnings 1.80 versus a dollar 39 expected and then the revenue coming in.

actually a little light, so you had a mixed bag with guidance that wasn't so good, but the expectation was for something evidently even worse. And right now TGT is up 7.7 in pre-market trading Intel scraps 5.4 billion acquisition of Tower Semiconductor after Regulators failed to approve the deal China's tencent misses expectations despite fastest profit rise since 2021. China may miss the 5 growth Target this year as downside, risk spread so I just want to talk about that because of 10 cent. but once again, this is just kind of driving home.

The news that we've seen over the past month of some of the numbers coming out of China are very concerning, such as this: China's Shadow Bank crisis Sparks protests by Angry investors. It seems like they're heading towards going on till JPMorgan hikes default forecast for emerging markets as Country Garden drives China contagion fears so JPMorgan even kind of sounding the alarm on China and it's not just there just in first. Germany Now the Netherlands enters a recession Germany Netherlands Officially in a recession and the question is, will the U.S follow the percentage of credit card debt more than 30 days past due is up for six straight quarters. Once again, the percentage of credit card debt more than 30 days past due.

As in, they're not paying down, the debt is up for six Straight quarters. Delinquency rates have nearly doubled since the recent lows, and now stand at their highest since 2020 as a credit card debt crossed 1 trillion for the first time in history. Americans Are beginning to borrow money they can't afford to pay back. so that's how the setup is for today.

And yes, the Bell did just go dingy. Ding ding ding. The casino is open. Best of luck to all.

Play responsibly if not have some fun. Uh, and I guess on that note, talking about recency bias, talking about anchoring two things that are not gonna really help your trading career. whether day trader swing. Trader I Still want to ask you how you feeling today? You feeling bullish? You feel embarrassed? Please please let me know.

Comment: B-u-l-l or B-e-a-r I Want to know: Are you feeling bullish? Are you feeling bearish? Where are you at? That wasn't the narrator I'm sorry tracks I'll switch that over. Ding ding ding. The casino is open play responsibly if not have fun. Uh, we want cat Rippa and Piper Seacrest that would be a good one cat Ripper and Piper Seacrest we could probably hat Ripa Piper Seacrest we can make that work.

We also should make a doctor evil one too I'm writing it down so I don't forget it. so I don't forget it feeling Chop Chop day maybe? I mean whenever anyone really wants a movement, those are the days that it's just classic premium burn and we end up. Everyone gets screwed. The calls, the poster.

Everyone gets screwed. That's I Highly recommend checking out. Uh, it's in the description of the video on both Rumble and on YouTube But I posted a video of probably why you shouldn't trade options and what's another leverage asset class that you can make crazy Returns on but don't have to worry about time because obviously in options, it's not a linear product. Yes, it's based on an underlying asset, but time Theta Theta Decay is a very important aspect.

And are you making money? Are you not making money? Um, you're just adding in an additional complexity that makes it more difficult to be profitable and so feel free to check that video out. Something that I think a lot of you might resonate with. Maybe with that explanation. Um I Want to see the kitten dude Piper was being so bad this morning Piper was being so incredibly bad this morning.

Insanely bad. Um so we're gonna have to have a talk with her after after the show when I get back when I get out of the studio Dude: So bad. Selling options is great actually I say that in the video I say I'm specifically not talking about it because if you do sell options, if you're selling premiums, selling calls selling puts well then time is actually benefiting you. So I go out of my way in the video to explain that in fact.

I I Am a fan of selling options for weekly monthly yearly income strategies, but buying calls buying puts it's there are profitable strategies. I'm not here to say no one is making money buying calls buying puts. There are a small cohort of people who make a lot of money doing it, but for like speaking in generalities, most people fail at being a. Trader Buying calls buying puts.

it's statistically, all the numbers suggest that it is your odds of being profitable dramatically dramatically. If I had glitter in my pocket right now, it would be that dramatic I'd be like dramatically increase. Um, but hang on I do want to actually bring up Target since they just reported uh Target still up five percent as of now. What was paper doing? Dude, she's just going crazy.

She hopped up on the desk, knocked off all my stuff I Walked out. She's just ripping apart the carpet. Uh, she's also decided that my laundry basket is no longer my laundry basket. She's decided that the laundry basket is like her safe haven.

Dude, we have blankets. We have couches. We have beds. I Bought multiple like I'm talking human beds.

but I Also bought multiple cat beds. After all of that, this cat still chooses to spend all of her. like just kind of comfort, napping, sleeping time in my laundry basket. Dude, this cat has her own beds.

There's blankets all over the apartment. There's so many comfy places in this apartment for this cat to sleep and she's like nah, nah man. I'm going in the laundry basket I'm she's like I laundry baskets. It's like this weird wicker laundry basket and it's by far her favorite place.

She also refuses to eat a certain type of cap uh, wet food like the flavor of it. she hates the cat. uh, chicken pork combo. but if there's fish involved, dude, if there's shrimp, if there's salmon, if there's sardine, if there's any fish involved, she is all about it.

All about it. and uh, catnip. I haven't given her catnip yet because I don't know if I should like do like. Is there an age before? Like you know, like you start like with like the whole drugging of cats and whatnot.

like if I'm gonna give her catnip one of the hardest drugs in the cat Community um hang on one second. Uh, like, is it appropriate? You know, like I feel like she might be a little too young? might be a little too young. you know, hang on before I Get distracted. Uh, hang on.

hang on. hang on. hang on hang on hang on hang on. I Think I was supposed to buy that breakout for the breakout strategy.

Oh brother oh brother. All right I was late it the code. oh it didn't fire because I don't have it on I guess it's still on manual but anyway I did go long in the Futures Market I'm here I'll just show it to you I'm long at 52.75 Uh, it was supposed to be a 100 game but I entered late to it so I had to take half that game. but as you saw, uh, just locked in um I mean after commission 61 bucks? Uh so just working on it.

uh, as you guys know, in the month of July I the the name of the game in July was to degenerately trade options and I did that and made some good money, lost some money, uh, emotionally it was very very taxing. So for the month of August it's kind of a dual challenge right now as we're halfway through the month. it the Dual challenge is the prop accounts which I've been using. Apex Once again you could get a discount code.

um if I don't know it's in there, you guys could find it. and but also I've never used a prop account before, so for me it's just a challenge to see if I can trade well enough to pass it thus far halfway into the month. I've already blown up six different prop accounts because dude, their risk like their risk collar around you is really tight and I'm just not used to trading that way. I kind of have bigger wins, bigger losses and they very much want you to have like no losses like minuscule losses and to slowly go up.

so it's a good challenge for me and that's kind of. That style is kind of what brought up about that trading strategy that you just saw like I'm just going for like not even first base hits, not even singles like I feel like I'm going for like little baby buns that take on almost no risk. um so I I don't know billing it out and once I get this breakout strategy to the point that I like it I will then be converting it all over to code, I'll be optimizing it and then I'll have the robot just trade for me. so I can just go on continuing to be lazy and really just lazy in terms of a Trader sense and then it'll give me more opportunity to focus on being the best Pico influencer I can possibly be and really just dive into the world of high fashion.

Uh, out of my swing for break even and entered Zero Day puts well I I Hope it goes your way if you're bearish in here I Hope it goes your way if you're bullish in here I Hope it goes your way. uh, someone just said Tesla's ripping Tesla Steve Are you on Rumble your Tesla's bouncing back man you. maybe you're gonna be the luckiest guy on this side of the Mississippi Maybe you're gonna get a hardcore recovery. it's already went.

Four dollars in your way I I Have faith that your luck, your karma, your Universal trading luck and Karma will play out for you Matt Course try using a simple WMA Is that a weighted moving average or like in like you mean an exponential moving average I Think that was the type I Think you mean EMA crossover using secondary chart confirmation Trend using uh, those candles I don't like those candles Um I've tried to do some testing with them in the past and I never found a useful Edge but uh, EMA crossovers. They actually there's some really, really, really rudimentary crossover strategies that are surprisingly, uh, good. Uh, no. WMA I try to Ema with Futures but WMA seems to work better.

What's a dub? Do you mean a weighted moving average? Because that's what an exponential moving average is. It puts more weight on the most. What's a Wmb? WMA W And what? What is the WNBA Uh, what is a WMA Let me look at I'm assuming the acronym stands for weighted moving Average, but maybe I am wrong on that WMA rating. Uh, a weighted moving average.

Um, a woman's moving average could be a wacky moving average Weekly moving average I Assume it's a weighted moving average, but that's actually that's inherently what an EMA is. Uh, it's even though it's called an exponential moving average. the computation of it if you look into how the Num they come up with the number. they put more weight on the recent bars.

So if you're looking at a 10 EMA as in, you're looking at the most recent 10 bars, It puts more weight on the recent ones closer in time rather than the original one like the ones that are farther away. So I don't know what I I mean we could look it up. Uh, WMA versus EMA Uh uh. Let's see the main difference is some weighted move Exponential SMA calculates the average price over a specified period.

while WMA gives more weight to current data. that's what I thought the EMA did EMA is also weighted toward the most recent prices, but the rate of decrease between one price and its preceding price is not consistent. But exponent. Okay, so it's how they do the weighting that's the difference.

So you have simple moving Average where once again, a simple moving average of 10 bars, you're most likely looking at the closing price and just averaging it all together. Exponential. It's the difference in how they do the weighting. Um, and as you can see right here, EMA's also weighted towards the most recent prices, but the rate of decrease between one price and its preceding price is not consistent, but exponential.

so there's a lot more weight on the recent prices while waiting. I'm just judging from the weighted moving average, it must be a linear increase in the weight impact of the recent bar. So it's just a difference in the methodology of how you change the weighting. So hey, we all learned something.

Are we still on for AMC Uh I mean I still own AMC and 8 but they're shitty. It's year to date. year to date, sound nine percent. One year it's down 74.

I Think the most telling thing is from August What is it 18th or 19th like the dead debut of ape? Um, almost just over a year ago. Or almost a year ago at this point I mean these things are getting slaughtered dude? Um, the one year it's down 68 percent. Um, it's cost me a lot of money I know a lot of you in here. It cost you a lot of money.

but I Just there's it's weird right now. the the ecosystem that makes up the AMC Apes. It's no longer any real correlation with the the GameStop Apes who are kind of the that's the ticker symbol in the community that got this whole like whole quote-unquote eight movement started. Uh AMC was very much the people who missed out on Gme were trying to recapture lightning in a bottle.

It came second and it came second for a reason. It started with Gme without a doubt. Um, but now the people. There's a very loud minority of people in it and I'm trying to make an um, a very, very important distinction between retail traders who are fighting for a fair and transparent Marketplace Not talking about them at all.

What? I'm really talking about is just like these AMC sicko fans who like think Adam Aaron's on their side and can do no wrong and are not looking at anything objectively. They just sit there and bitch and moan and complain. and they don't have their bitching and moaning and complaining about things that like they don't even have a thing. They just sit there and they're like but dark pools.

It's like dude, like we've now been here for what? two years, three years and you still don't know like what's going on. They somehow are literally like Hoodwinked tricked into thinking that dilution is going to make the stock price go up. These are people who honestly I don't think they're worth your time I don't think they're worth my time I Don't think they're worth anyone's time because if someone cannot understand the basic concept of increasing the supply drives the price down, they're like no, no no no Adam Aaron told me the price will go up Adam Aaron told me the price will go up. They're kind of like a little toddler like with their fingers in their ears.

They're like nope Adam and a settled off a said it'll go up, a settle go up no no no no no no no no no AAA said it'll go up. That's what they're like except they're grown adults and at this point they haven't learned anything. They're They're people that aren't worth your time aren't worth my time, because they're not going to be successful. They're already down a lot of money and their chances of being a profitable Trader is zero.

They're not gonna survive eventually. their money. Runs Out And then they just go away. They're just gonna end up losing all this money.

So it that's exactly why there's no point in really engaging in it. like I see people trying to fight trying to put this up on Reddit this on Twitter these YouTube videos. It is simply not worth it because those people, you have a finite amount of time unless you unless I don't know. That's a different discussion, but we all have a finite amount of time.

Why? Why waste it with people who are going to be disappearing anyway? They're not going to survive this game. Matt You're forgetting about the literal Gold Mine they're sitting on yeah Fair Point Hey, you got me there. I Wish I had more money to throw at Rum Rum Actually down 15 cents right now, down two percent. Uh, I'm in.

my average is around 9.50 But once again, this isn't a trade for me. It's not a day trade. It's not a swing trade I'm invested in rum I Bought it just over a year ago now and I'm sitting on it and I want to see how this plays out over the next couple decades. In all reality, not an active trade for me.

In fact, looking at the one minute, the five minute if anything, if I had to pick a time frame that mattered to me on rum, the lowest time frame would be the probably the monthly. Uh, be honest. did you shit yourself yesterday I Told you that that story was hypothetical. It was it.

It was hypothetical. It was. It was a story Like you know, like sometimes I just make things up in here. Um, it's 100 hypothetical.

You know, just uh, as a streamer. Sometimes you make things up and you talk about them and what I just don't really know if we should talk about it anymore. Maybe I should take that video down. Would I have ever happened to trace traits? No idea.

Don't really care. Don't talk to him. No need to talk to him. Um Matt did you see the article on Michael Berry Betting on bearish thoughts? Yeah I Saw that he has spy puts and Cupids but understand he did not bet.

what was it? 1.6 billion. that was the notional about. That is how much he would have to spend if he exercised all those puts. It's not like he put that much money down on the table if you buy one call on.

Tesla Obviously one call represents a hundred shares which would be mean on Tesla like the position would represent 23. Grand Because it's currently trading at 232, one call represents obviously a hundred shares. so it would be reported as 23. Grand But in reality you didn't spend that on the premium.

You didn't spend 23 Grand on the premium of one call. So there's a big big misconception of like what his bet size is a big, massive, massive misconception the that number that's being floated 1.6 billion. That's how much he would have to pay if he exercised all of the puts on both like the S P 500 and the NASDAQ 100. I Truly believe that making money in the market comes down to the bimodal distribution.

On the IQ scale, the average show gets wiped out. Oh so the people in the middle? Oh, as in like if you guys don't know what bimodal means like the way we've seen the bell curve. Uh, bimodal is you see a spike A Lull in the middle and then another Spike Uh, so I That's an interesting thesis. So you're saying that people who are particularly smart and then people who are actually kind of particularly dumb are the successful people on the market.

And then the average where most people are is where you end up failing. Could be foreign. Like if you know someone poop their pants, you can use that as leverage to get them to do things for you. that it's a form of Leverage especially in Corporate America Uh, what positive news on AMC has there been? That's a great question.

That is a good solid questions. I Always buy High Z Potato Pototo Z Patoto I Was gonna say potato, but it's potato. It's potato. All right.

Hypothetically, can you go over tup? Is that one still in its squeeze path? Oh no, It pumped it, dumped. It's in the dump phase right now. Look for the breakdown of I guess about 314 I'm looking at this low. Obviously there's a shelf right here.

Pump dump we've seen this time and time again. Uh, obviously there could be multiple phases within it. It could pump dump a little and then keep pumping. But overall, when you see High Flyers like this when it goes from 60 cents all the way up to six dollars.

Generally, if you give it enough time, it comes back down to 60 cents. It's just a question of when. But I think there's too many people who kind of got this concept of diamond handing in their head and Diamond handing is maybe appropriate for your 401k when you're in the S P 500 and you're like I'm just going to hold it till the day I Die maybe? Um, but for individual equities that are out of nowhere, scream to the upside and you're like no, no, it has to come back Man, it has to come. No, it doesn't have to do shit Diamond Handing I think was one of the most detrimental Concepts that permeated the entire quote.

unquote ape Community Um, it's silly sorry been MMA Contracting Work overseas but I have more money to buy high and sell low Chris from Kodiak I'm happy you're up early partying with us this morning. PETA PETA That thumbnail. Shout out to Chaos, the thumbnail artist. The thumbnail.

A question for all of you in here. Uh, especially for people who have seen a show or two. What's your what's been your favorite thumbnail that Chaos has made. Uh, I made the thumbnails back when they were really, really bad.

and then I hired a person who is exponentially better at Art than I am. And then that's when my thumbnails got dramatically better. I Don't make that myself. So like which one stands out in your mind.

You're like dude Chaos. he's just popping off today. the Ken One too many folks. All those adulations go to my main, my main artist, my producer, my artist, my unpaid therapist.

I Pay him. I Just don't He is forced into being my therapist, but he doesn't specifically get paid for that. How about? Barack Obama Oh man. I Can't I can't tell you guys.

It would ruin the surprise. but we have one coming up that there was a really, really big conversation about blackface. My question is, is Blackface racist if Justin Trudeau did it like At First, it's really, really easy to say that blackface is racist, but one of the most liberal I Guess political people in the entire world did some hardcore blackface hardcore blackface. And if he did it, you know, like does that mean none of us could do it? So Jimmy Kimmel as well.

Fair We have one that we just don't know if it's coming a little too close to the line once in a while on the show. Robert Downey Junior approves Well, Okay, so Robert Downey Jr is proof that you could do anything you want. If it's funny, see: I think that's really I think that's the big issue I think the big issue is if you pull it off and you pull it off poorly, then it's racist. But if you pull it off like Robert Downey Jr in uh Tropic Thunder if you make everyone laugh basically like the line in this world is is you can do something that's inappropriate if it makes people laugh.

If you make most people laugh that that seems to be the line. so it's kind of high risk. High Reward if we do it for a thumbnail is if we make people laugh, everyone will be cool with it. But if it's not that funny then we're racist.

so it's a tough call. It's a tough call, bro. The President told people they weren't black if they didn't vote for them. Well, that's probably because he's racist.

Dude, you're really like a old Grandpa Geriatric trying to tell me that they're not racist. Like come on all these career politicians when they're like above 80. Like just like the time period that they came up with. like they had legitimately some of the most racist laws on the books.

Uh Robert Downey Jr has been to the depths of hell so now that he's back among the plebs, he can do whatever he wants. He has had a crazy life. You get a tattoo? Where and where would it be? That's a good question. So I don't have a tattoo right now but I've been thinking about it more and more and um I kind of want one now I kind of want one now.

uh and I've tried to give it thought but the issue is like my arms are hairy. so like I mean I guess I could do like a forearm thing or like an inner arm thing but like I don't know like it couldn't be on the top. it's too much hair. you guys have seen my chest, there's too much hair there so like my chest my my legs are too hairy and I get it like you could shave but like I kind of want like the piece to be shown off like I don't have to shave it all the time.

My back isn't hairy so I could get it on my back but then if I get it on my back I'm never gonna see it I Honestly I think the biggest thing holding me back from getting a tattoo is I just don't know where I would get the tattoo a calf. Yeah the area too. my legs are really hurting. my feet aren't hairy but are there many dudes who get tattoos like on their feet? Is that like a thing? I Don't know if I've ever really seen a dude with a tattoo on his foot.

so anything it would have to be either on my back, on my ribs or on the inside of my arm. those are like we're on my forehead. You could always go like my face but even that I don't have like the cheek area so it would have to be like this zone right here. like the the temple to the forehead even on the nose.

I mean can you get your nose tattooed? uh I could get the the No Regrets right here on the throat. Lots of lots of options I Suppose Now you guys have really opened open my eyes up to the fact that I have so much real estate right on the face. I Could tramp stamp could get a tram stamp lower back? just get a lower back tram stamp leading. it's a leading one maybe two decades from now when Piper passes away from old age calmly in her sleep after after living just a great great life.

Maybe I'll get Piper's ears like her cat ears on my lower back I Feel like she would appreciate that? What guy doesn't want the silhouette of cat ears on their lower back? Full portrait of Piper on your chest? Uh, a duck tattoo on my forehead? These are all strong suggestions. Strong strong suggestions. Tattoos are a momentary Trend that stick with you forever waste of money I think there's some tattoos that like I would be happy with to have for the rest of my life. especially if it's like for family members or something like that.

which Piper obviously is. if she has to die before your your tattoo, you don't love her enough. Well I would do it like out of Honor for her, get one that says chat on the inside of your lip. Oh man they are always 100 stupid I don't agree with that.

I've seen some really cool tattoos that I'd be happy to have. My issue is more of a hair based problem not uh, a comp. I used to be like not against tattoos but I used to be a person who's like I'm never gonna get one. There's nothing like I would commit myself enough to to have that further remainder of my life.

but as I've gotten a little bit older, there's definitely ones that I've seen where I'm like oh okay, like I I like that tattoo, a ring tattoo and a set of real one I've seen athletes do that so they could still have I guess like a ring but when they're playing if like the actual physical rings off I think Stephen Curry has that and there's probably many many athletes who do that. Get one on your dong that says go long enough. Another great great suggestion. Is it cool if I write this down: Do you have a position in Asml 100? No.

Does anyone I think this is the first time I've ever even seen the stock New York Registry shares Asml holding. Um, it's traded 87 000 shares today? No. I don't think anyone has a position in this stock. I've never seen a tattoo that looks good.

You need to watch some of those tattoo shows then potential shoulder head shoulder on both the spy and the cues. Be careful there. shoulder head shoulder. I see Nvidia getting knocked a bit Tesla is on its way up Apple it's on its way up, but once again could be a shoulder head shoulder.

So be careful of these breakdowns: Inked ASMR is better than Asml Asml is Far and Away a leader in equipment that makes chips so like they're the Upstream company or they like a chip provider like Nvidia Can we send our best tabs to Matt's X to show off the best one? They have a monopoly on semis, so wait, it's like a direct competitor to Nvidia Is that what we're saying? Matt Tesla Should I use this morning push as an opportunity to escape my call position or hold. It does not expire until 9 30. Uh, I mean if it's trending in your favor, continue to ride the trend, especially if you could get it back to break even. Matt Are you still training automated at all? You know it? Mr French Fry If that is your real name, you mean some.

Are we talking about semiconductors or semi trucks? Semi? What? Semi-eaten Pizza Semi-truck Semiconductors semi Semi Cats Semi twins. Asml makes the equipment that is used to design the trips. Okay, so it's an Upstream semi-hard Uh, the 10 A.m Auto Trade uh hasn't triggered yet. but that's the first requirement is that has to be past 10 am.

Semi-friends semi dating, Semi-serious Uh, semi-bad case of Gonorrhea There's a lot of ones that we could talk about here. They do lithography. It's a planographic printing making process in which design is drawn onto a flat stone or prepared metal plate using zinc or aluminum and affixed by a means of chemical reaction. There's about four words in there Mr Norris that I Have no idea what you're talking about, but let's let's see how it goes.

If Asml didn't exist, then it would be Taiwan Semi semi-formal French fry. All right. I'm waiting to take my second trade of the day. The first one we went one for one and now I'm waiting to see if we can end up going two for two.

Two for two. Two for two? Uh? can I go two for two? I Think so. The first one was on the Essen incorrect symbol. Oh, it was the incorrect symbol.

I was the problem. How about that? I was The problem. What's the low of the day? The low of the day on the Spy is 442.38 Yesterday's low is 442 30. on the queues, the low of the day is 365 20.

365 20. Uh uh. Well, that's a bummer. Where's this love below of the day? The low of the day? Um, hang on.

I'm just setting this up because it's supposed to be partially manually executed. Um. but the trades actually nowhere close to being fired off because we're just going sideways and there's not much of a trend right now. Not much of a trend.

The cues did sell a little this morning. recaptured yesterday's Low Shoulder Head shoulder just snapped the neckline. but I Guess then finding support at yesterday's low. Similar situation in the Spy.

at least if you're looking on the one minute chart. shoulder, head, shoulder, snap the neckline, finding support at the key psychological level of 443 and then from there we have to wait and see how it all plays out. Crude Oil reporting at 10 30. Yes, crude oil inventory should be coming out in about 25 minutes.

Oil itself taking a bit of a breather relative to the recent movement. Uh, recently, we'll did get all the way up to 85 after basing at 67, but taking a breather down to just below 60. Uh, 81. Excuse me 81 for the time being.

Spies: Mid-range Q is mid-range We're not I don't know. We made an opening range and now we're just like halfway through it. Um, obviously on the very short time frame I see the shoulder head shoulder I Bought this by cues, making me feel a little bit bearish. but also I'm seeing the cues recover I'm seeing the Spy recover.

Uh, if I look at the daily chart I would I mean right now it still looks bearish to me. Lower highs, lower lows. This leg is clearly to the downside, but both the spine, the queues recently getting the Gap fill so that just might like prove to be support. Uh, obviously if the Spy ends up pushing 440 230 yesterday's low I'd look for a continuation.

My next real level of Interest would be around 438. not necessarily like a daily Target more of like a swing. Target To the downside, uh, if this current level doesn't hold, but it could easily Just Bounce right out of here. Uh, if we look at some of this time frame stuff where we the EMAs very indecisive.

even the market internals very indecisive. It was bearish when bullish. back to being bearish right now. but the five minute EMA going green bouncing right off of these EMAs right here this Cloud Uh, so catching a bit of a bid 10 minute.

Once again, it went bearish. Bullish. Bearish. Now we're back to bullish trying to bounce there.

The 15 minute going sideways. A bit red. 30 minute sideways. Definitely red.

Four hour sideways. red. daily, sideways green. So we're It's a big mixed bag today.

A big mixed bag actually. How are we looking? Here 's uh, all right. I Want to do a prop account trade I Keep forgetting that I should probably do that I should probably try to get this account to where it needs to be unless we're just gonna get smacked right here. Do I want to do this prop I can't trade it.

Maybe a double top at 360 660. it was a nice bounce right out of this though. right off of this. EMA it popped up, came down a bit of a revaluation, but these internals were getting a lot of mixed signals today.

A lot of mixed signals today. Tesla holding 232 kind of going sideways Apple may be picking up, maybe not picking up. Can I put Nvidia back up happily. Uh.

Nvidia Drifting down here, let's go to the three minute. Maybe things will be a little bit easier to see, a little bit easier to see. Yeah, the Cube's bouncing right off their low from yesterday and then the Spy bouncing right off of that psychological level of 443.. Is this thing just going to keep going today? What are we doing? Time frame: Let me look at this one minute.

What do we have going on? Patience, patience, patience. Wait for that optimal risk to reward setup. Right when I thought the cues were going to get going, a little bit of indecisive nature once again. I have no active current trades on I Did one trade this morning.

uh an opening range breakout. Made a bit of money and then locked it in order. Filled all right that was on the property filled. oops I accidentally got out way too quick.

Well how much money did that cost me? dude I'm just not used to Industry that cost me 300. Are you kidding me? um oopsies need to learn these the hotkeys a little bit better on Ninjatrader for sure. The Oh Brother one like the cool fun one. uh that's all on trading view but I've been using Ninjatrader for the prop account which is more of like sign of like that British disembodied voice type of a deal.

Uh, order submitted it. why is this not working order filled Well that took awkwardly forever Target filled All right. First one hit there I'm so confused on what's going on I need I just don't I'm trading view I'm quick with the quick with the hotkeys on this Prof account. This profit count is going to be the bait of my existence.

This one's actually not that far away from passing the test though. Target filled. Oh you guys can't see this. This is what I'm doing right I'm just trading the NQ so I try to go along it.

Quickly pulled back and that was the first one. Was like stop filled. But really what I'm looking for is this breakout. Once again, this is this is fake.

This is a profit count. This is not real money. um the real money account is right here. Which why does this look wrong? Because it is wrong.

Uh Piper Strategy Paper strategy. dude. why are these orders not doing what I need them to do? Um well this pulled back pretty hard without hitting my final Target actually really really hard and now it's almost back to break even. Uh oh uh oh SpaghettiOs um it is up Now There was that weird 300 thing where I messed up.

but I have that final Target maybe I should move the stop to break even pretty soon here. The cues did make a new intraday high on the normal session on that push right now. so Tech looking a little bit better, looking a little bit better. Is the Spy gonna follow those? The goal in question: Do I feel lucky? Do I feel lucky? Uh, t