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DISCLAIMER:
All videos or content posted on this channel regarding stocks, investing, stock trading, money, money, wealth, retirement, or any investment vehicle is entirely for educational purposes only, please do not take any of the information literally, and always speak to a professional/licensed investment specialist for any investment decisions.
Little dangerous vote basically what's happening right now is i am rummaging through tripod. So what we're gon na do here is we're pretty much. Just gon na have to operate, live through a phone is kind of just outrageous in the year 2021. So um, you know.
I'm sorry, this is just the way it is you think in 2021 and you're paying for the best internet possible. These things shouldn't happen. So now we're just going to be working from my phone, and so you guys can still use the live audio. So just know that i do try very hard to to be public and work with you guys on a day-to-day basis and not like i'm just sitting here.
You know playing with myself in my office doing nothing nope, i'm usually um in loads of frustration as to why my systems never seem to work properly but anyways. We are following the market here today and you'll see the nasdaq is continuing. Lower part of today's recommendation was, you could watch your um technology etf qqq go all the way down to the price of 392 dollars, so it may or may not happen. I don't even know how to work this.
Let's see. Is there like a live chat thing? Some messages, oh there we go yeah. I could get one of those hot spot things sure but anyways huh yeah, i mean we'll see if the spy goes down some more. If the nasdaq goes, i mean you guys already know i mean if you can get through the pre-market low on the s p, that's where we can see this bigger move down or when the nasdaq gets through its pre-market low, which it is so the nasdaq has Already gone through the pre-market low, the spy has yet to go through pre-market lows.
But again, if it does you, you will continue to see a slide today on the market. A little bit so you're, just gon na, have to uh well i'll, probably stick around for like another, maybe like another 30 minutes or so and and uh we'll just keep walking you guys through the market. You know, though i can't show you um, that's unfortunate. So is this stream working okay, like? Is this one, not glitching, everything's everything's working perfectly fine? Unless i guarantee it is i guarantee it's working, just fine yeah yeah.
Obviously, it's pretty good here right when probably doesn't really matter that much yeah, because you know how much can you guys really see from this angle? You can't no um anyways, you guys know the deal if spy threw pre-market low, we can see additional slides today. All right regarding dwac dwac still has not cleared up and through that 79 level, with confirming volume it's in a dip right now off of the 50 and 100 moving average, which you may or may not argue, is a good thing. But you know if you can get dwac up through 45.89, that's when it will actually start to get special um, otherwise it'll probably not be so special like yeah, hello, hello, johnny, flores, good to see you bud, don't know who you are but good to see. You good to see you all right, so, just as an fyi on today's custom, it doesn't matter on today's scanner. You have aadi a p v, o b l t s, k, t t a p t p. I q, l g n, t, l m d v. L, o n x, l that might have been very quick so i'll repeat that on the boiler room trading volume scanner. Today we have been alerted of the stocks, aadi apvo blts, ktta, ptpi, qlgn, tlmd and vlon and xl.
You can write those down. You can consider those as potential watches for the day. You can write those down review those later, so you can see how you could have traded them better for today. Um, that's a lot of times.
What i do is whatever big moves or anything that i miss on there, that i don't trade. I usually go back through and try to consider. If i were trading it or if i had been watching it, what would have been the best way to have treated that um because generally it's a very similar repeating pattern on a day-to-day basis. So, let's see what's going on here, uh zoom maria.
I will definitely look at zoom for you, uh apple, your company uh check apple, i'm using your standard deviation. I bought, and it looks like 154 155 for a few days down road unless i'm using it wrong. Still, i mean there's well, here's the deal right. You know the best way to consider standard deviation is the standard.
Deviation is kind of like a road map and uh. You know like, for example, there's probably six, there's, probably multiple different ways. You could travel the country to and from east to west coast. Right, i mean there's, probably not you know, 37.
You know well depending on main highways. Okay, i'm thinking way too much into this, but anyways there's only so many routes you could take to go to and from the east to west coast. Now, obviously, everyone's going to want to take a different route, whether someone will be on in the south or whether some want to be in the north, making the trip back and forth that's up for them to decide right. So the standard deviation is usually a road map and the directions can change at any time.
But as long as you have the standard deviation on, you will generally have a good idea of where you're trying to go. And yes, we might change directions or get lost at some point, but we usually kind of bounce back to and from all of those lines. So it's sort of your road map um, the other side of it is, is the trend right. So, whatever way the stock is trending based on price action, you'll have a better time targeting to those deviations right.
So you have this guide this road map and, if you're on the right side of the trend and you're picking a deviation, it's easier to go to that one than it would be to go to that one. If going to this, one would have to reverse the stock out of a downtrend or vice versa. It would be easier to go to this level than to this one down here. If the trend is up because you would have to reverse the trend to target that one so like right now today, oh i can't show you the computer screen, never mind. I can't show you this. I can talk to you about it here. No problem right can talk to you right now: no glitch, no, nothing and a shittier service, weird we're using our phone speed as opposed to fiber speed and no issues talking to you right now. None man, i really hope internet.
I might have to try out starlink uh so like today, when you're reviewing for those of it doesn't matter. You guys have this thing. You guys have this on your chart, so now you're just going to have to work a little harder all right. So you have your charts up: you're, looking at the nasdaq you're, looking at the spy right now: okay and you're - probably naked because you're at home and you're a trader, so you weirdos are probably sitting naked eating a hard-boiled egg while treating now.
If you look at the market today, the queues in nasdaq, you can kind of see that the current one-minute trend is down on the nasdaq. So it's going to be easier to trade down towards the deviation on the day, as opposed to trying to reverse it and trade up to a deviation. Now the market could reverse out of this intraday downtrend at any point and start going up, and at that point you would then go okay. What's the next deviation up, let's target to that one until we're down trending again right, so you have the spy right now, trickling down um.
So far, it's still holding pre-market low levels um. So you know would not be surprised to see a bounce back on this market. At some point now, like i said, if we slide to the pre-market lows - and we really want to do the old shimmy shimmy um, you will see the spy down at probably. What did i say earlier: oh wrong: chart wrong chart wrong shark.
The oh shimmy shimmy! You want to do the old little shimmy magoo yeah, so if the spy wants to do what what i call the old shimmy magoo you're gon na see 460 379 okay and if the q's want to do what i like to call the old shimmy, magoo you're. Gon na see 390 too now, if they don't want to do the old shimmy megu, then everybody shorting, this down will eventually squeeze themselves out today. Probably so, that's what we're tracking are the people and is the market? That's selling down right now, strong enough to take out the spies pre-market low. I probably should check the russell 2000 and the dow jones just to have a little more data, but that's pretty much.
What you're watching right now we're watching the selling pressure into that free market low right now. So let me do that. Let me check the old russell ii, the old russell magoo yeah, the old russell magoo is uh. It's not looking good, not looking good, not looking good kind of looking just i'm just gon na, not say what i was gon na say, even though it would be funny and people with some sort of humor would understand it.
You know people that have you know, souls made of cupcake powder would probably cry right now. So all right, the russell all right. What are you doing kid all right? So the russell two. I don't know what i'm saying that, but it's just yeah i mean it's a russell too baby, it's a russell, two thousand, so the old russell, two magoo wow this is loading really slow just so unfortunate. I can close this program that might help all right. So the russell for me, i mean i mean, there's a couple levels that it's kind of running into right now um, but at the end of the day i mean i'm not going to put most of strength on the russell too i'll put it on the cues I'll put it on the spy and i'll put on the dow and so yeah i mean there's definitely levels that we could see the russell two continue to slide to. Let me take a peek at the dow. The dow is on a half deviation price right now.
So, theoretically, the dow jones does have a slight little support system. It's currently on right now, which, which i don't know um yeah. Let me just wait: why does that look so doesn't make any sense, see when you're doing what i'm doing you're throwing 16 million levels on a chart? It does take a second to get it down and to understand it. That is so weird to us is doing something really funky.
It's like showing discrepancies in the pricing right now, but that's fine, so yeah the dow jones is on a level right now. That's so weird uh yeah, i don't know anyways. So if the dow breaks through 355 with confirmed selling volume, you should see the dow jones slide to about 354. You know um but, like i said, the dow jones is actually on a statistical level right now, um.
So when you just kind of add all these things to the mix, you could be seeing some hesitation on the slide down with the spy and the nasdaq just for psychology reasons um but, like i said right now, you've still got to go through the pre-market low. You also have the dow jones: it's on a half deviation support right now, so you have another major indices sitting in a buy zone currently and it's getting supported there so far, so whatever we'll just keep watching it so far, it's a steady trend down. Let me see some of these comments: buster keyson i've already squeezed out two bms today, i don't even know what bms mean uh yeah. I still use a stream deck for trading and i was actually gon na use it today for our stream um and try to bounce back through all my six screens and make it a little more entertaining.
But uh didn't get to doing that because i forgot and then my internet was like. Ah you pay for internet. What are you doing you're not supposed to have that chop? So all right, so i'm assuming the 64 of you guys on here watching are probably some of the more loyal followers which sounds weird saying. I've never felt comfortable, calling people like followers and fan - that's just weird.
You guys are just regular human beings just watching some weirdo online. Let's call it that so um to you guys who regularly follow me. I would assume you know the story, but if you don't i'm going to give you the full scope on my internet issues starting now, internet was always fine, no issues whether it was searching the internet, you know doing anything for hours on end, always good streaming to Youtube completely fine, nothing! It wasn't until about august that i made the business decision to stop charging people in my premium chat room. We still have another chat room we charge for, but i specifically worked in what was called the premium day. Trading chat room in my company and i stopped that service, not that i won't ever do one like that in the future, but this was a business decision. Slash move that i thought might be beneficial long term to go to youtube. Pretty much share all my trading ideas and if you want to call them secrets, like all the books say, um share all my secrets: uh for free free of charge, no hesitation, everything that i think i'm doing right or you know maybe wrong with it, but showing It to you guys and just hanging it out every day on youtube for free that was in august and in august my internet started having issues and since then, we've had endless internet issues almost on a day-to-day basis. So it has prevented me from being online and trading some days.
It's prevented me from being online and answering emails and just doing regular work things that i need to do alongside of that it i can do other work, okay, but the biggest problem i have is getting online to youtube and streaming a lot of times. Our internet will be okay for like a week and then i'll start you know or like the weekend will be fine and then monday morning i'm online try to start streaming and then i start to have my internet issues again, um and so on so forth. So the internet issues started occurring in august, so we are almost into december, so you know how long i've been dealing with this on a day-to-day week-to-week basis. So you can see how my frustration levels have built over the past couple months because, instead of me being able to fluently, do my job on a day-to-day basis and the things i like and love and what makes what i do fun.
It's turned into me on a constant endless cycle of having to fix internet, to fix problems and now not being able to get into my meetings and missing meetings and not being able to print inspection reports for my rental property, because my computer disconnects from my printer. Every 10 seconds so um yeah, it's been a struggle, been a struggle, and so you guys have probably seen some of that frustration taken out in streams where i haven't been as happy or myself, and it's because it's a perpetuating endless cycle of issues. Since i started streaming for free in august, so um upon the diagnosis, i have got a new router i've gotten the new modem thingy. I have uninstalled all of the streaming softwares that i used to connect to youtube to bare bones: nothing deleted all those files, reinstalled all the files from scratch, completely reset up all of my streaming softwares to what i believe to be the best settings for streaming in 2021 via 30 youtube videos and probably 30 different blogs, so my softwares are set up the way they should be also based on youtube recommendations. Um, my internet is fiber, so that's the best internet. You can have um on the planet unless somebody else knows something that i don't or where you're in the nsa and you have hyper internet that the public doesn't even know about yet which probably exists. So i have the best internet. You can have it's also connected through an ethernet um.
I have had my it guy come out to take a look at it mind you he's been building and doing computer things and he's built mining rigs that are worth two three million dollars. So he's built mining comes with three four million dollars. Um he's checked out. My computer he's gone through all the diagnostics.
He can't figure it out. Uh i've had internet out to reinstall. I didn't do it so and then there's some other things that we tried that i'm not smart enough to remember the terms of that. We've done so, i mean we've diagnosed.
We've we've done a pretty pretty good diagnosis. We're not just a bunch of inbred. Dumbass is sitting over here doing nothing so um yeah. So i don't know what to tell you don't know.
So that's the full scope. So when so, we've tried new modems we've tried. This we've tried that it's fiber, it's not the software we've updated drivers. We've looked at the gpus, we've done, gpu processing we've done cpu processing.
I've tried my laptop, which is not my main pc. So i've tried my main pc, my laptop my secondary pc. None of them will work. The only one that actually worked was my dad's computer 45 minutes away in a random building office on a new internet service provider, different computer fresh login.
That day, we had no issues, so just not sure kids sorry match the like button tied in an issue to rule out with your computer. We are the magooshers, the magoosters. We appreciate the effort thanks for having us um also. I have tried streaming to twitch.
It's the same same issue: people hate on comcast, i'm not gon na lie. I've heard that quite often too change the internet company, that's something we considered um. It may be the service provider throttling. We.
I asked them that they said no. They said they don't do it um stream under a vpn. That was something we were going to consider doing, but in order to do that, we needed to get off fiber internet. So before going that route, i was gon na basically troubleshoot everything before ditching my internet.
With that not being part of the issue, so we can't with they said with fiber modems and something i don't know, maybe i'm wrong, but that was my understanding baby face. That is true. That is true. Um, on the flip side, with having a baby face, the older i get the better i look and the worse. You would look if you don't have a baby face. So i guess you win some and you lose some, mr steele, your wife um. So, to be honest, i have made more over the last, however many years from our courses in products and revenue in relation to trading, but not all of that has gone to me because i do have a fair amount of employees and people work for me. So, amongst that i have hired um brandon dave.
Some of them are partners, i'm going to call everyone. Employees totally, that's not entirely correct, so um over the years we've made more through our products and courses and services. Then i have trading, but all of it doesn't really go to me uncle sam takes you know, like 35 40 of that and of my trading profits and then a much of it goes to brandon and dave and our other employees, and then my sister, because she Does the books and the accounting so yeah i mean that's, that's just the nature of running a business, so you know it does go as the story says like back in the days when they had the gold rush and all i don't even you you see how I'm talking to you right, i don't even have to think right. Remember i'm, like you know it's like i'm like.
Oh what target's like you know. I mean 392 right, so anyways not really confused, i'm! So i'm talking to you so calm because you know it's. It really it's not there's no confusion right, it's 392. so or close, give or take um.
At this point it seems like maybe not awesome um, but it is, as the story goes back in the day in the gold rush time, it was easier to just sell the stuff for the gold rush than it was to go, find a bunch of gold yourself In the case, for most people, most people probably weren't, going to hit it big searching for gold um. So that does tie into that saying that you've probably heard like back in the gold rush day. You know, sell the pan or the shovel don't go searching for the gold. That was always a concept um.
So i'm not one to shy from it. You know, that's just the reality. The truth, i'm always going to tell you the truth, and i would tell you the same thing is that if you can create a business and a product or a service, one of the two that people want desire and or willing to purchase or buy. There is always generally more money in selling somebody something than working for something yourself.
That would be a perfect example. In the case of apple, they sell everybody a phone right, so you can make more money selling a bunch of phones than you can by probably recreating a phone like. That might be a terrible example of recreating a phone, but it's the same concept right. They sell phones or when you go to best, buy right by mass by the masses right, if you think about how many people there are in the world and if you could extract one dollar from all of those people, one dollar isn't a lot of money to One person, but one dollar from everyone's a ton. So that's the concept that you think of when you go into business, um and so yeah, that's pretty much the reality situation uh would now there was a year that i did make more money trading than i did, but that was when we first started off and I wasn't really as popular so that makes sense right. So, like my first year running my company, i think i generated more money myself trading than i did from uh subscriptions and things like that and that's because i was new. So you know um but yeah i mean that's a reality situation and i would say that's probably the case for most any online educational based uh. You know based companies and it's the same thing with like a university right.
You know you got some dude teaching you like anthropology the reality situation is the dude's probably not spent all that much time out in the real world. Studying i mean they probably had to do some sort of retreat in school. That maybe went you know. I don't know wherever for anthropology - and you know maybe studied some things, but it's not like the dude's, probably out there in the dirt in the ground, doing the stuff on a day-to-day basis right, you know, and even the guy that's you know, even the dude.
That's teaching you like some class in college like how, often after that is he going out in the real world and then doing that so even the school systems that you live in now. Currently, you know it's the same thing yeah but yeah. I mean that's a reality situation. Yes, so i will look at zoom really quickly.
Sorry, it's just weird, because now i can't like show you anything on my chart. Is my internet even running like i don't. Even i don't even know, i think, i'm running off my hot spot that yeah that's why so zoom earnings down! Sorry, let me take a look so the market's bleeding out right now, which doesn't so uh by the way the spy just got to the pre-market low right now at 465.28, so it tagged that uh we're not below it so far, there's not really a lot of Buying pressure coming into the market at the pre-market low that could change in a split second, so don't put too much weight on that. All right, zoom is coming down, zoom will go, i mean i should have saw this a little bit ago and gave you a better approach, but zoom was and is for the most part trying to go to the price of like 197.
you're at 198.30 right now. So you probably have like another dollar or so down um, but from the grant, and it could go lower than that. But, like you know this morning, when it was at 2 16 right, if you told me it was going to go to 197, i would look at it now and go we've done like 95 or 90 percent of that move. So is it the most beneficial? For me to try to sell it down now, so those are the things i would say to myself, but again, if it does go down to 197, then why not make a dollar if you can so those are things you'll have to determine for yourself. Can it do the move? Can it continue to do that stride? Should i be doing a breakdown short or off a high low shot? I don't know i got ta go, get some coffee i'll, be right back. You guys can just look at that naked lady. In the background, maybe that's why i can never stream, because i have a beautiful artistic naked lady in the background dripping gold off her face. Maybe that's why? But i don't know why? Because currently our government is teaching it's okay for little boys and kids to well.
In this case, a boy cut off his penis and turn into a woman right. So i don't see how that is really a problem in this current day and time, if that's, what we're teaching kids, which they can do whatever the hell they want to do, but don't be mad about my goldface drip, lady. So all right, we're back we're back. So yeah zoom, oh zoom, just went, oh did i say: 197 yeah.
I just went to 197.02. I was off by uh two cents. I apologize. I apologize time to bring back the caterpillar the thing behind this thing.
My phone is currently using. Just it's not using wi-fi it's using uh my service. Have you ever tried bookmap? I have it myself, but i know someone who does and it's absolutely awesome missed you step 10 trading view standard, deviation, update on that trading view. Standard deviation is very close.
Very close. The reason it hasn't already been it's like when i say it's close, i mean literally it's like it's already working, it's fine, it's good like it like it works, but um the difference between what you guys see here on think or swim, and what you see on Trading view, the problem is, you have to um yeah, so the difference between think or swim in training view is on trading view. You need to pre-program the times that you want to look back, which there might be a work around to that as well, that we're considering, but on think or swim all you like. The time frames are in the computer and you just switch and then the chart will just auto calculate whereas trading view.
If you want to look at a one year, one day, you have to calculate that time into the script and if you want to look at a one day, one minute you have to look at you have to put that into the script and if you want To look back five days so every time frame you want to look back and have the proper calculation, for it has to be inputted into the code. The code can't be created and then just look back whenever you switch a time frame, it needs to know the time frame, you're looking back inside the script. So that's what we're currently doing for the time being and once that's done, then we're going to rock and roll, so yeah louis yeah trading view stuff's coming pretty soon. Yo connor.
Are you checking stocks right now? Just arrive at the stream, i mean yeah. We are we're kind of joking we're kind of having fun, because this morning we told everybody we didn't tell anybody anything. I just looked at. I didn't say anything. Actually we were just i don't know. I was looking at ricky gutierrez's stream this morning and he told me the market was going to go to 392, so i listened to him i bought puts and well i made my day. I think that i post on twitter this morning, please tell me i posted to twitter this morning. Please tell me, i think i did.
I think i just posted on twitter this morning, qqq 392, and that was all please tell me. I did that and then please have the market hit 392.. That would be pretty cool. That would that would be a special moment.
God, damn it i didn't do it did i do it on was that facebook or no, i think i was about to and i'm like, no don't be a cocky piece of and be wrong and look an idiot. I think that's what i said, which is probably the better choice, but you know, i think, that's what i think was about to just type qqq 392 this morning on twitter and be all cryptic and - and i was like, but if you're wrong you're like such an Idiot and we saw how that happened on beanie, so i was trying to learn from my mistake so yeah. I don't think i did that so anyway, all right. The market just hit a low with well, the qqq's hit a low of 393.44, and let me you know what let me re-look at the queues and make sure that i'm not wrong about the levels, make sure that they're all updated, everything's spicy your grandma's coming online Everything's good yeah, so the mark is not 392..
I apologize. I was wrong, it's 392.35 now, so you know we might have a little more to go, but nonetheless, even you know, sometimes it won't go all the way to the price target it might base out. So, like you know, we got pretty close. We hit a low of 393 393.44, so we're a dollar we're about a dollar and 20 cents off the downside target for the day on the nasdaq this little bounce you're seeing might fail.
We might slide a little more. Maybe we base out just before the 392 35. I don't really know just a wild guess so we'll just keep watching. Let's keep watching hold on.
I got ta check something really quickly, so it looks like my fcel shorts working i'm about five percent on that trade. So let's go check fcel because you remember this morning: oh um hold on yeah, because if it doesn't matter it doesn't matter. I just yeah. I was talking this morning and past couple days and you know we're bearish on this and and actually this would be a good time to maybe pull up the old twitter magoo.
Oh, you can't see my chart so can't see my screen. So i guess it doesn't matter, but if you do go to twitter last, i think, like two days ago i did mention fcel at one point and i said fc all i said fcel. This was 23 hours ago, fcl through nine next 835.. So cl just hit a low of 8.90. The recommendation was, you would see: fcl go to 835 once you go through the nine dollar price. We've hit a low of 8.96, so not totally there. So do keep an eye if you're watching fcel, if you just want to follow along, keep an eye on fcl price action and see if it creeps down to it's not even never mind it's not 835 anymore. It is a price of 8 70..
So now the target we're looking for fcel downside is 870.. Arguably could go lower in the next couple days. If you slide through that, but just for the time being, we're not good, we won't look any lower than 870.. Also, if the market starts to bounce, then 870 probably won't happen right now, because, obviously, then the markets are going up.
So just keep that in mind too. Can you make a video on trading views? Can you make a vid well yeah venom when that, when we have those, we would do that. So, if you're watching your chart, remember the stock dwac this morning how we talked about dwac, we're like oh, it has potential right. This is how quickly you can be wrong in the market right so this morning we're talking about dwec like oh, it's got maybe some potential and you look now and it's rolled over and it looks like so it's like well how much you know, and so that's A situation where it's like the level to break on the day was like that 45.90.
You will see on dwac the stock trades right up to that level doesn't break so that was the market. Today, going back up to 45.90 to retest that trend and say hey, do we want to stay below we're going to go above? So if you could go above things would get a little spicy, but you couldn't so things are not so spicy um, so titan. Yes, i have like seven different ethernet cables, ranging from cat sixes to cat sevens. I believe so.
I've tried like yeah so yeah. That's that's about that um you're, going through like a short-term bounce on the nasdaq and the spy so pretty much the way it stands. Is you have a one-minute candle breakout sort of play on both of the spy and the nasdaq like? Basically now so, you might see a little popper magoo on some. You know short-term day traders trying to you know blow a little top off that one-minute setup, which i mean that's cool.
If they do it, i don't i'm not going to trade. It myself. I don't know i kind of wanted to see it go lower. Sometimes i get a little stingy want to see it too low, and then i miss a bounce.
So this is just one of those situations where i'm probably just not going to trade. This up and just chill out and just watch what's happening to grow stocks. So i don't to be honest. I haven't really like i said the past couple days and over the weekend has just been internet issue after internet issues, so i haven't really done a whole lot of looking around at stuff, but it to me it seems like a typical sector rotation where money is Moving out of those growth plays that you're currently in because they've been on such a big boom um, so people just taking profits moving money elsewhere in the market. So a lot of times you want to try to figure out where that money is moving right now, which i wouldn't know, but you could look at different sectors that are picking up in momentum and you might be which one of which was utilities. I believe the utilities uh was picking up, which would be fun to check. You know, thoughts on facebook. Goodbye, maybe i don't know well here's the deal if the market's bottom here then yeah facebook's, probably gon na bounce.
So let me see if uh, what are we getting um? It looks like i mean here's the deal. We want to see some of these stocks seeing some high volume coming in, and you know what i should have done a second ago which i didn't. I should have took some money off my sh. No, no you're not going to do that.
You're not going to be a little sally, you're going to stick to your guns and if it doesn't work it doesn't work, don't be a little it'll, be a little little sally, magoo, okay, yeah, so market right now is actually putting in a pretty pretty decent bounce. But i'm not going to trade it up. I don't think i don't think because i'm kind of late to that of it all right. So you said, facebook is facebook, a good buy, um facebook, obviously solid bounce taking place yeah i mean this is a situation where i don't have to think more um, so facebook sold all the way down to the night one i mean yeah you're at the neg.
One right now and markets are kind of bouncing, so yeah you're, probably at a pretty decent dip, buy for um the market or for uh yeah for facebook. I mean the reality of this situation. Is the markets just sold down all the way to there? We should probably yeah. We should probably be long off this dip.
Who am i kidding? We should probably be tracking this dip long now, so start shifting your mind to more optimistic on the bulls side. Now the nasdaq did not touch 392. Arguably, it maybe goes down to 392 still. There might still be some decrease here in the market, but let me take another peek, i don't know.
What's going on, um nvidia ended up rolling down amd. I got a yeah. I just got to see where all of these major tech stocks are um and a lot of these major players are at in terms of their moves, because i mean, if you look at amd, like amd, still seems like it kind of wants to move slightly. Bearish nvidia that one's kind of tricky roku is still sliding not looking so good yeah a lot.
I mean a lot of the tech. Big movers are definitely high, as they always are. Aren't they but yeah i mean this is probably where you should be optimistic on the markets. You know maybe even flipping back along yeah, i mean, i can't say i'm extremely bearish anymore.
Let me put it that way, not really too bearish anymore. A lot of these uh these setups and i think we could see the markets grind back from here. I've been in situations like this before and i go. Oh, it didn't touch my level, i'm not gon na get long and then it just cranks so um and - and i already know, we've dipped down into the buy zone. So yeah i'm just going to change my perspective and now to start looking for higher low setups uh to maybe reclaim back up to the nine-day moving average, maybe even all the way back to 402 dollars by you know, maybe tomorrow on the nasdaq, remember the market's Just a consistent ebb and flowing thing that never stops, so you know that's something to consider now. I could be wrong, i mean maybe this we want more downside, i'm not you know fully sure, but that's why i'm still keeping an eye at that 392 for a potential down move and a reaccumulation off 392.. I mean, i said it myself on twitter. I said if the nasdaq falls to 392 close your eyes and buy the dip.
That's literally what i said on twitter, so i guess we'll do that. We'll look for the dip down at 392 or for this dip that we're seeing off of 393.44 just to be the one and hopefully it is, and if it's not, then maybe we swing down to 392 still. But i think that's how you play it folks. I think that's how you play it.
I think that's how you tickle it hit little big mac, tickle tack, all right. Let me go back and read some comments. Um thoughts on facebook, goodbye, so yes, cool, uh, pretty much any tech related thing. If this nasdaq keeps cranking and banking off the 390 344 bottom, which is almost off the 390 220 - that we thought it could go to, then yeah you're probably going to see a little bit of a pop, a lot of drama.
My internet does the same. Maybe less often moon, moon, moons, everywhere shiba, no shiba, nobi coin bro shibnobi, i mean yeah. I could take a look at it for you. If you want, if that's a pbo, is support around eight half neg deviation banks doing great today, bbig 2.98 good to enter even lower.
You know, that's another thing too, is like you guys saw me. Do the whole video like the bull flag thing on b? I g and look how that turned out looked like right. So it's like i could make a video with an analysis and think something can happen, but it just turned out and not work good right, but that's the concept of patience right. That's the concept of patience.
I watched bbig, i looked at its earnings and when i say i looked at attorneys, i didn't really look at it. Turning. I just watched what happened after its earnings went and it went right to where i thought it could go to, but it never surpassed with the kind of confirmation confirming confirming volume that i would like to see. So it's kind of a it's a no-go right on the flip side.
Today we have the spy roll over selling pressure through the pre-market low. Now, exactly all right, let's target down 392. right that confirmed the idea of a downside move to 390s. The volume that we're seeing off this 393.44 confirms the idea of the twitter close your eyes and buy the dip off the 392, which i didn't. Do we never even went to 392 and i didn't buy the dip initially, but i did nibble a little long. I'd be lying too. If i'm not long on the market already, i did nibble a little bit just a little tizzy. The type of you know it's a little schmidt come here, so the reason i did that the reason i took a little: no, no, no because well, it's kind of made a move, we're not on the low.
We didn't hit 392.. So there's some elevated risk involved with the entry, if we're lucky and it just keeps cranking and banking, then awesome if we're not so lucky and it swoops down to 392, then my life's not over, and if it does swoop down to 392. That was the original idea. It would go to 392 and you close your eyes and buy the dip.
So then i'll buy the dip at 392., maybe take on a little bit more risk bring down the average. You should never average down. Well. 392 is a target for the support in the first place, so why wouldn't i buy the original price i wanted to buy if we go to that price, what you're not scamming, if you're saying you're scamming right, oh so confusing so yeah, that's pretty much it! So a little bit of risk we'll see how this market does like.
I said a lot of those larger stocks like amd nvidia. The semiconductors slightly make me nervous because of how elevated those prices are um yeah. Let me let me do something else before i just speak a bunch of nonsense as well. Oh yeah! This is also something that likes something wednesday.
Consumer price index showed another month of inflation data well above the federal reserve's inflation target, primarily due to continued supply, chain issues and labor shortages. There has never been a better moment in time just to tell someone to shut up. No, no, no inflation is here by design. First and foremost, inflation is here because money printer go burr endlessly supply chain issues in labor shortages are an outcome of decisions made and measures imposed by governments.
Governments have created supply, chain issues and labor shortages. Inflation is by design created by the federal reserve because money printer gober. That is all that you need to know, but why was i going there in the first place? Oh wait! Yeah! I wanted to look at the sector, so that's what i wanted to do. When are you going to start your own headphone? When i truly make millions i will.
I might do that, so you guys will know as soon as i make my first crazy amounts of millions trying which, like i said, i think i said this. I don't know if i said this on stream. I think i said this on serene, but i know i said it doesn't matter where i said it, but i said this song when i said it here, then i said it here and if i didn't well, i guess you're gon na hear it, but i said To myself you know, i really thought that next year and when i say next year like why not this year, i just like, i said i feel like next year - is really going to be a really good year for me, just because this year felt like a Year, where well for market's going to go to 392, and it pretty much goes at 392.. So this has been a year where there has been a lot of a lot, if maybe a lot less confusion. So i've really been to apply my strategy in a way where you know i just kind of feel comfortable every day you know it's it's like, and maybe that's not entirely true. Some days are a little wonky, but you know it's just it just feels like i. Finally, can see the market for what it is sometimes more so these days um, and so i applied a lot of my strategy a little differently than i would have last year in the penny market or penny stock market, specifically so um. The way that i was trading the markets last year in the penny stock market was good.
I made a killing. I was actually one of my best years. This year i haven't been trading. The penny stock market like like at all um because towards the end of the year last year on the penny stock market, i started to trade a little bad, and that was because i was doing a lot of shorting.
It just wasn't working so this year. I want to make sure i didn't do the same mistake i did last year, which would get a little too aggressive on some short plays. Uh then give back some money, so i kind of took this year's almost like a learning year to try and see how i was using my strategy last year in ways that i wasn't applying it at all um and the only way i thought i could do That was by not being emotionally tied to some of these penny stocks, so just kind of taking either small positions or just kind of sitting and watching them really closely this year, because i feel, like i've always been missing something about the penny stock market. I'm okay, but just never was dialed on it.
So this year i spent a lot of time just archiving some things looking at different setups that have occurred, um, yeah and really just playing that back to what i did last year and this year. After doing that, and just really just sitting and trying to let the market speak to me and not be such a crazy running around every second buying up stock, it helped me help me, i think, see the market a little bit better for what it is um. So i think that next year, the time i took to really - and i'm still doing it right now - obviously time i really took to hone in on some of these penny stocks and why they're doing the things they're doing and why wasn't i seeing it this way Before and why i got smoked, you know 25, 000 or whatever over the course of you know five days on a couple shorts. It just never were working out.
Why, and so this year, like lvgn, went to 40.. Last year i caught, i got caught shorting a setup like that and that blew me out a couple g's and that didn't feel good um. And then there was another setup. I don't remember the stock that was similar to lvgn but different because it didn't it just kind of like hung out and just kept creeping on me and just kind of chopped me for like a week. So there's a couple setups last year that i got burned on so uh this year. I said: if i'm gon na really learn from that. I can't get involved in it right. I can't i can't involve myself because then i'll get caught in it.
If i don't learn from it so this year i kind of took a step back and tried to be less aggressive. On the penny stocks. I've really just been kind of dialing in the spies, some large caps. Why just been nibbling at penny stocks as you're? Getting a better feel for it, so i believe that next year is going to be a year for me where i feel like.
I understand the markets a little bit better um, at least in in relation to the penny stock world to a degree so um in you might be asking well, why not apply that right now, when i'm talking about the penny stock market, there is uh in october. Uh, basically, as soon as like the cold months, start ish like october, that's when it kicks off and usually we have one dwac a year. It might not go as high as dwac um, but a year, there's usually like one stock like dwac. That always turns into this ecobic banger, and it just comes out of nowhere.
This year i caught it and i almost caught it the year before so the year before i almost caught, i said i'm like. I think this is a banger and i don't remember which one it was, but it run like 50, 60 bucks or whatever, and then this year i mean the trump one was so obvious. It was trump dwac social media. We all know they're corrupt to a degree.
So it's like everyone knows that topic. It's a narrative, that's pushed in mainstream media networks and this and that so everyone knew of that. So it was really easy for that one. But what i was proud of about that one is, i spotted the bottom perfectly and i knew where the para break was going to be.
So that was what was cool, but i didn't have enough confidence to load the bow which arguably you shouldn't do um, but i didn't even take like any aggressive size on. I played still played it pretty managed and - and i did very well - i'm going to trade from the bottom of dwc up to 20 was going to trade, the 20 pair break, and then i had a meeting with the dog walker that happened in that moment. In time, so that was just just terrible timing that that dog walker literally costed me like a couple g's for sure. So that was an expensive meeting.
So aside from that, there's usually one dwac that kicks off the year and it may not be exactly the same or as big, but it seems like there's always one big boomer that starts off this penny stock momentum move and then from there there's sympathy plays and Then there's this and then there's that and then the momentum starts running, and so i know that next year, when i see that first one it's gon na start going nuts. So i can already have the anticipation of being ready for those so that, as soon as something does start to move the optimism and the mindset and the comprehension is already there, there is no. Is this going to be good? Can this be good? It is start of the penny stock season. Momo is here, anticipate more than what we've been seeing, because the momo is here and start increasing your expectations, things like that, so i think i'll just be a little more prepared on next year's front um, but yeah anyways. You get the point. Market is cranking and banking votes. I mean it's just it's going up. Is it supposed to do that? I thought it was supposed to sell down.
Today it was selling down. It was selling down so much that if you loaded puts all the way and wrote it to the 393s, i mean you were making so much money and then, like five minutes later, you look back and all your money's gone crazy market such a vicious place. So remember that the stock market is a bidding market. That's another thing.
I have to remind myself from time to time. Remember it's a bidding market so if we all collect it with a group, we're just hanging out at an auction right and there's something on stage that we all want. Are we friends or are we enemies or are we frenemies or are we he she's? She he's. I don't know it's a confusing world, so maybe i don't know what maybe we're aliens so we're sitting in an auction room and it's a bidding war, we're not friends, we are enemies or something i want free price.
I would like to pay. You might bid it higher and i might just step out, i'm gon na want it. That's all the market. Is it's a bidding game, consistent, ebb and flow.
Never ending me maketh money. You lose this money, god damn it. Yes, i'm the best in the world. That's what it is, so it's a bidding market and the sooner you realize that or just kind of understand that all it is is a bidding market.
When the value of your product goes higher, that's a good thing. You have bidded on a asset and it's gone up in value. What more do you want right? What else do you want? I bought something it went up in value. Did i succeed, or did i fail? You succeeded how much you want to succeed is all up to you right.
So that's the concept of taking some money like today when the market got mickey anchor mcdoodle all the way down. If you had puts, i mean you made a lot of money, but if you didn't take any of the money, then it bounces and now it's all gone and unless it goes all the way back down, then you're not gon na win today, maybe tomorrow i don't Know you see what i'm saying so it's a bidding market, that's ebb and flowing constantly with trends that you don't even know exist, things that you don't even know are there. So, yes, you have to take some money here or there this that and the other at some point on something, because there's always a trend somewhere out there that you just don't know about or can't see that have no idea is about to smack you, okay. So that's the concept of making sure that you do take money always indefinitely off a move, because you just never know or even like me when you have a good idea and you think the market's going to go to 392 and then it stops at 393.44. It's like god, damn it i'm just not good enough. I was close, but not quite right. I almost had it not quite, but i remembered from the past that i've done this before being a stingy. Little bastard saying i wanted to go here and well sometimes the market just don't give a what you want and you don't do what it won't do, because there's probably some other trend in the market.
You just don't know about, don't know, i don't know. I have no idea 93. 44. Today.
I have no idea, probably because some dude in boxers in the federal reserve was like man just pop in six trillion dollars right now and stop the market dead in its tracks, because i can do that. I don't know because some dude at jp morgan that built some quantum, this computer, that can freaking process like 90 000 transactions in two seconds. I was like i haven't just dip by here and all the retail i don't know, but i know from the past being too stingy prevents me from capturing a move. So today i remember i've been there before.
I could just take a little risk in the event it does work i'll be happy and in the event it does homework. No big deal right so learning from the mistakes, learning from things in the past and applying them to current market situations, all right fun stuff. Can you stay gone? Zero is 1980.. I don't know what that means, but yeah you will own nothing and be happy.
Yeah yeah think about that. Think about that you will own nothing and be happy. I don't know if you're not familiar with that saying i don't even know who said it, but it's just know that it's a really stupid person, not somebody you want to listen to, but someone somewhere higher up, did make comments about. Basically, people owning nothing and not having property, and this and you'll be happier that way.
WE HIT 392.92 ORACLE
If Connor watches more Ricky Gutierrez videos he might have a much better year next year
conspiratorial connor is the best connor. (I'm saying that in jest, none of his ideas about collusion and corruption are even controversial anymore, pretty much hidden in plain sight, the average person is just getting dumber and more submissive.)