#GME #AMC #moon
AMC, GME, BNGO MOON RIP
https://www.youtube.com/channel/UCacp5WsukdwsN-nyaYu1RTQ
Stock Scanners | Penny Stocks | Pre-Market Scanners
๐ฅDay Trading Course - FULL GUIDE https://bit.ly/2C3dnMU
๐ฅThose Diagonal Trend Lines On My Screen https://bit.ly/2XOp7uR
๐ฅCustom Volume Scanner https://bit.ly/2UqlKZ5
๐ฅ Fastest Market Scanners https://bit.ly/3kjqz1z
DOWNLOAD https://bit.ly/2PxgXSy https://bit.ly/2DujgU1
COUPON CODE: BOILER15 15% Off
๐ฅFastest Market News https://bit.ly/2DuaPbj
๐ฅFree Chatroom 30,000 Members https://discord.gg/QXjqBTM
๐ฅBoiler Room Trading FB GROUP https://bit.ly/2PxD2k5
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.
AMC, GME, BNGO MOON RIP
https://www.youtube.com/channel/UCacp5WsukdwsN-nyaYu1RTQ
Stock Scanners | Penny Stocks | Pre-Market Scanners
๐ฅDay Trading Course - FULL GUIDE https://bit.ly/2C3dnMU
๐ฅThose Diagonal Trend Lines On My Screen https://bit.ly/2XOp7uR
๐ฅCustom Volume Scanner https://bit.ly/2UqlKZ5
๐ฅ Fastest Market Scanners https://bit.ly/3kjqz1z
DOWNLOAD https://bit.ly/2PxgXSy https://bit.ly/2DujgU1
COUPON CODE: BOILER15 15% Off
๐ฅFastest Market News https://bit.ly/2DuaPbj
๐ฅFree Chatroom 30,000 Members https://discord.gg/QXjqBTM
๐ฅBoiler Room Trading FB GROUP https://bit.ly/2PxD2k5
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.
What's going on, ladies and gentlemen, boys and girls welcome back to another midday stream, because why not um so, of course, we're gon na be just recovering um going over some things we talked about earlier this morning. Talking about a couple of the plays, i'm in that. So far didn't work well today talk about some mishaps today, because that was annoying um, but so far, not the best day. On my end, so we'll cover all that.
So as we go forward here, we'll look at amc. Gamestop we'll talk about bng0 we're going to go over pretty much all of like the energy plays fcl bl and k plug power. Sun power, sun works and then also talk about game. Stop today that screwed me up took a decently big loss on gamestop today, because earlier in the morning when i entered the candles were not moving, nothing was registering right on td ameritrade with gamestop, for whatever reason nothing.
So i get long. The p l is just like flipping from like super red, even though the candles are up. I'm like none of this makes sense, i'm going back and forth green to like super red and the candles aren't moving, and i'm like okay. This is just so.
I ended up closing that trade right before it ripped, so that was a really frustrating moment today. So, let's uh, let's get rocking and rolling on this, so the first thing i actually want to talk about is uh the stock bngo, because earlier this morning, well, as you guys know, we've been long bios of stock and today was the sell-off. Now, if you remember, we mentioned that you should start seeing the stock, see selling pressure now that we've gotten to the 870 880 up towards the 960 and sure enough today, the market swung it down. Now it ended up bouncing and i don't think i covered the bounce point in today's video, but if we look at bngo on a one year day chart, i believe no, it's the four hour.
So if you look at bngo on the four hour chart, you will see that today, look at where it pulled back to you see that dotted trend line you see exactly where the pullback is down to that level um. So i actually dip bought bngo and sold. This reversal, trade in one of my retirement accounts uh today, so that helped minimize a little bit of the loss that i acquired on. My lightspeed account today, but anyways.
So again, looking at the four hour chart, the market starts to pull back today. Where is it going to go to? Where is it going to go to? Where are buyers going to be located so a lot of times it's about finding where people would be willing to buy the stock next to support it, and in this instance, the dip by trend support was located down at um about seven excuse, me, 750 or so 760 and you'll see that we pretty much went down to about that price before bouncing we got to 762 and then we bounced so for now, you're, probably not going to see too much more downside on bngo. Today, you'll probably see it trade up trade sideways and maybe slightly back down, but probably not back down below the low of the day because of the amount of support that's there. So i imagine going forward into tomorrow, you're - probably just going to be seeing bngo near the same price - it's at maybe a little up or slightly down, but i don't think there's going to be a big move overnight from this now we didn't reach the top. Remember that the target zone for bngo was from here to here so target zone was from here to here on bngo we didn't get the top of the target zone. We got to basically about the middle before we sold off so there's still the possibility. We come back up and hit the top of the target, but obviously we had started closing positions mainly as we started entering into this zone because we knew pullbacks are very likely there. So for bngo.
I still think we're going to be in an uptrend. I don't think the stock is going to roll over and crash completely. But again, i think this is where it's going to take some time to consolidate before it continues to make long moves to to the upside um. Okay.
So, let's go with a you, said: amc bounce off 53 and finish the day green. Let me take a look. You said amc so hahaha, so ready. Okay, everybody! Before i before i zoom into the chart.
Everybody go look at what price amc bounced at today. The drop and then go look at where amc bounced at just do that. Right now, on your charts or on your phone quickly go look at it, you can even pull up robin hood. So take a few seconds go! Look at where uh the bottom of amc was just recently.
Okay, take a couple seconds all right now, when i zoom in on the chart. Remember that price point whatever that price point, or maybe like a 10 15 cent zone wherever that bounce point was today on amc. Remember it! Okay! Now, let's zoom in on my chart, zoom in on my chart and where is the bottom wick touching, not exactly perfect, but right off of the plus four long term deviation mark that's on the four hour chart. Let me double check the daily just in case there might be something there daily didn't touch, so the bottom of today's drop on amc was right to what we call a plus four long term deviation mark and that's where the bounce was um.
So that being said - and this is kind of what we've been mentioning for the past week on amc - is that if they're gon na continue squeezing this move in the immediate, it's got ta right now stay above this plus four deviation mark and get above the most Previous price action, resistance tops so still not broken out, but still market is strong enough on amc to keep holding support levels. So that's really good um, that's really good. For the time being right i mean, of course the support could break at any moment. So to speak, but for now um for sure, they're holding uh supports on amc right at about 53 or so exactly code 1127.
yeah. Anything above the three deviation mark is generally a pretty pretty exuberant exuberant price. Now, let's go back and take a look at gamestop. Now i know there isn't nearly as many of you joining in on the stream right now, as there was this morning, but for those of you that did tune in um, i took a 700 loss on gamestop, unfortunately, because that glitch in the morning, um, which then Frustrated me and i'm like all right: well, i'm not going to chase it up. So then i decided not to chase it. Just took my loss didn't chase the stock, even though i was my analysis was perfect, so that was really really frustrating this morning um. But the analysis from this morning on gamestop ended up working almost perfectly all right. So i'll explain so our analysis for gamestop this morning was to watch the market long.
We said it was definitely bullish and then it became bearish later in the day, but the recommendation was to be long game. Stop to start the day up to the price of like 310, maybe 312, or so i think it changed a little bit. Oh, i have the wrong thing on one second, so the price target move for gamestop was a day was back to 312 310 area. All right and then, if you could break through that resistance, you would then target up to the green line, which was priced at 355..
We were shy of that mark by about nine dollars, so we were able to predict. You know almost a 40 point move or so but off by nine dollars. So when we go look at the one minute chart, the recommendation was to watch the market. Long game stop up to this price, and if you could successfully successfully break through that price, you would see a run up towards 359 or 358.
We only got to 344.. My trade this morning started long into these candles and so what ends up happening, which was really frustrating is i was buying. What i thought was the bottom of these candles, so i'm entering long bottom of these candles, but all of a sudden i look at my fills and i'm down like 700 immediately and that's because somehow i was getting filled at the top of this candle, even though The candle was down here. I wasn't looking at the level two, but for whatever reason the chart wasn't updating and they had shifted the spread all the way to up here.
So really i was buying the top of that red candle, even though it wasn't there was actually price down here and i'm like okay and then, of course, it swings a little lower. It just takes a loss, so not until about like right here to the candle start registering for me properly. So this was just a situation where the candles in an update thought i was buying lower than i really was come to find instantly down 700 from when i bought. So it was pretty pretty frustrating there but anyways the move worked.
The analysis is right, so it tells me that i am reading markets almost perfectly so happy about that um, so that was a gamestop move today right. So let me just kind of see what we got going on here in chat, one second, okay, uh yeah. I will definitely take a look at sndl tesla's, giving me a heart attack going to go going to go back to can't say that word. You know for me at least you know, but i read your comment. I, like it uh bounce on it bitcoin to 28. Hell yeah no, but probably like the 28, 000 mark, absolutely um. Let me check amc really quickly. Let me go back there.
So do i think amc is going to run up now. Ah, not really um. If you look at, if you look at the way, amc has been trading most of the trading you get is just kind, i don't say like slow, but they're really back and forth candles. And then you have these abrupt moves really quickly.
And that's because this stock is just so congested with so much volume on a daily basis that there's just a lot of transactions going back and forth and until something really shifts you don't really get those big moves, um. So a lot of it's kind of challenging a lot of it's you just kind of have to take a position and be kind of slow with it patient with it uh. But for the time being, i don't really see amc going up um for the time being, not not not right. Now, um and i'll point out, why i mean realistically it's because we hit this resistance on the day, snapped down all right and we're still trading bearish off the price of 55, which was the previous low of day marks so really you're.
Just waiting for this market to wedge out and hopefully reclaim the price of 56. That's, ideally what what you're looking for so you're looking for this to flag and get back up over this price point, but for now it really doesn't look great michael franklin. You know! I can't say i mean yeah, i mean everybody, i mean really. You think i have no zero clue about amc.
Just isn't just none absolutely not. I would just ask you one thing. Just one thing please, if you would take like maybe 20 minutes of your time, go back to today's first live stream. Watch the analysis on gamestop and if you tell me we don't call the market almost perfectly to a t, so i'll say is just watch that and after you see that, if you really think i have zero, absolutely no clue about how any of this works.
Then, by all means like, for example, right like let's just see like doesn't even matter just go back watch the game stop video. If, afterwards, you think i'm still an idiot, then just go watch. Somebody else on youtube make your day, but i am literally here trying my absolute best to help people understand it. Okay, so so maybe the comments in regard to scalping doesn't help.
Arguably, you could be correct, but at the end of the day, no matter what the stocks are always generally going to follow a statistical trend. So that's really all we're doing is following the statistical pattern and trend of the stock. So right now like, for example, you know we're hoping gamestop goes to 500 right now. My analysis on gamestop does very very easily point to a potential 500 price target right now. Um so we'll see um nonetheless, but yeah. Take a second go back. Watch the game stock, one or game stop stream this morning, when i analyzed it and um, it should even help you guys that are holding long. You know understand when you're most likely going to see you're selling when your lower risk buy points are going to be.
For your ads too so anyways, i love you. I support you, but if you think i'm an idiot, i support that too, because sometimes i am um yeah wait. What were we talking about before all that um? So i don't really think amc is to run up for the time being, it's still got to work its way up through some significant selling points also be. Let me just mention this.
This is something i talked about earlier with amc and gamestop. Remember i said: gamestop has more room to currently run than amc within its trend, and we just might need amc to go through a cooling period to let the trend catch up before it runs again. That's another very likely outcome we're seeing from the stock. Currently, why are you day trading it um, because it provides good value on a daily basis from time to time? Um.
That's that's pretty much it all right! Um, you are them resistance. Level. 59, 60 plus possible naked shorts of yesterday was confirmed. Shorts gamble today.
Squad crowd trading thanks for joining in so resistance, level's 59. Let's go! Take a little peek, see yeah you're right about that right in the 5960 level, that's kind of like the previous wick tops of the last couple trading sessions. Um, no doubt i believe, there's naked shorts in it, something that i would recommend paying attention to on this top. That can signal kind of like the new pickup is, if you look at um the volume.
But if you look at this volume system, you will see that over the last one, two three four trading days on amc, we have been starting to see well, two things the volume is decreasing slightly, but also the selling volume has been decreasing as well. So we are getting slightly lower or decreasing selling volume within this little pullback, and ideally we want to see this volume start to shift green. Also, the bonus is that the daily chart has yet to flip to a bearish signal on the ttm, which is good, so you're still kind of on that bull move and, as we mentioned earlier today, too, the four hour time frame ttm has gone from dark blue, Which is start of pressure into red, which is obviously selling and now we're back to a yellow which can signal that there's pressure to squeeze or the stock might be getting ready to obviously reverse or continue in the upwards motion. So, for the time being, i'm still an advocate for being long, biased, gamestop and amc for the time being, only because the movement's so strong if the movement wasn't so strong, i would already be 10 times more bearish to stock.
But you know i don't want to be, because i want to see his team keep ripping um. I wanted to be bearish gamestop weeks and weeks back when we had a potential to break the stock into the hundreds, but once the market was too strong apes held and held it up, we had to flip back to long bias. Now that we're all the way into these overbought levels, it is hard to try to take new entries here to hold, because risk is so great, but the movement strong i'm starting to really become a believer that gamestop's next target is 500 uh or so 490 or 500., it's hit every price target on the way up so far that we've mentioned since when it was trading back at 170, i think we've hit every price target since then so yeah. I think we still have some ways to go on this regards from peru, nice, nice. So now that we've reached so um we'll go back, we'll double back on bng0, so for bngo, i'm pretty much just kind of neutral um. I have no position anymore. The last thing i did - and it might still continue up right, so i was getting long here sold most of my position here held 500 shares as it dropped to support today. I then bought like 6 000 shares and basically traded up this bounce and then closed the position, because now it's really a matter of you know grinding this back up to support or it rolls down again another day, and so i just don't think we're ready to Go back to ripping on bngo, i think you know we're probably going to see bngo almost at the same price of 820 - a 840 850s by tomorrow anyway.
So i don't see much drastic change happening. So now, i'm more on sort of the the side of seeing bngo consolidate from pretty much. This point forward doing something like this like wedging out now um. So i think the easy run for now has been accomplished in what's to come, will be more confusing back and forth consolidation trading, which i'll just be neutral through all right, okay, cool.
So now that that's all kind of happened, let's go look at where things the bed for me today, so i've been long fcl all day, um and sunw all day. So you know how that went, got mangled uh to start the day. Then we recovered. Then we got mangled, and so this was, you know, sort of a mistake, but we did mention today earlier that this was the current resistance for the day around 12 46.
But if we could break that, we could see a run to uh 15 or is it 16 hold on yeah? So if we can get uh fcl back up and through 1250 and then that's where i think we're going to start marching towards the 1570s price to 16 mark um. So that's why i decided to get long on today and i knew that there was some risk involved buying the first day on the touch of the half deviation mark, but i'm like yeah. It looks strong, so i did anyways um knowing that that was the resistance. So i started buying along here and into this move, and then, of course it just snapped down, went big red, went back to break even then went red and now we're just still red. So this is a situation where i was planning on swing trading this anyways. So still in swing long with basically an average at the current resistance in the market, which absolutely blows it's trash when you buy for a breakout through resistance, doesn't work and then you're sitting holding the worst price possible in the current market conditions. Unfortunately, so you know i'm not quite sure if we're going to see a whole lot more red or if we're going to bounce back up by tomorrow, um. But i don't expect this pullback of this red move to be the end-all of this trend that we're in for fcel.
I think we'll dip, maybe and then we're still going to come back up and start trending towards that 15 to 17 uh dollar price. Now same thing, over with su and w you know, sumw, you know same kind of thing. It got smacked down for the start of the day. I did the same thing bought for i bought before the breakout a little bit.
We got up to the 50 moving average in an area and it just couldn't sustain, but that's also because fcel bl and k plug all energy stocks started to drop simultaneously. So, there's just a lot of bearish momentum at the same time, so still riding with su and w, and this is the same thing we're coming from a really low point: the market's starting to trend up. So we're looking for this to start reverting back towards a statistical mean of like 15 bucks. This stock 2 su w currently lags most of the other ones.
So it's going to probably move a little slower, but i would say the one flip side to all of this show today on these energy stocks. If you may is so far, the market has sold down on the day with fcel all right and one second yeah. The market has sold down, bounced, came down again, pretty harsh bounced and held, so we have double bottomed here for the day. So that does give me some confidence that we're not going to drop out this bottom for the day and that we do actually still have some opportunity to grind this market back up by the end of the day.
Um, but we'll see what happens right. We still got a lot a lot of the day ahead of us and then, if we also just kind of double over and look at plug, you can see plug. You know: stop bounce, stop so same patterns across the board on these stocks and again this one kind of held that double bottom a little bit, and it's still grinding up so still some optimism that this day can still trickle up uh by the end. By the end of the day, all right and then over at uh, excuse me bl and k.
You know blnk starting to grind up towards the end of the day or midday. The last thing that i'll touch on with this is that, if you look at the charts on bl and k and plug they've, already gone a little further than fcel and sunw, they still have room up to the regression trend targets. So the issue is that fcel and sunw appear to have more sympathy to plug in blnk and since bl and k and plug have already moved a little bit more than the other ones, they're kind of closer to resistance. So they might cause some sympathy and struggle on the other ones. I might just be confusing you so i'll just stop there on that one, but anyways still long. Those still think we got some opportunity to get up a couple dollars a share on that. So we'll see how that plays out over the course of the next week, or so ah clove clove yeah. We can definitely take a look at clove um and then, while we're at it make sure to go tickle the like button, the youtube algo loves when you just give a little tackle and now we're going to hop on over to the stock clothes.
So this one ended up ripping today um, i didn't trade it because i was too focused on my swing trades that currently are the bed um. But our recommendation does anybody remember what the wreck? The recommend recommendation was that you had to keep the market from going below 1589 in 1550 and you would force a short squeeze. That's that was basically the recommendation was that people would try to sell this market down up here up here to get back down below the prices of 1590 to 1550 and if they were unsuccessful and the market got supported, that's probably what would cause or force a Short squeeze move so so far everyone was very successful at doing that and then a big drop off and then a big bounce, so right now you're selling down, because you just ran into trend. If you look i'll zoom back out, um you're, currently selling down on the day, because you bounce down to the regression trend, went up and now you're selling off this trend.
So the way you'd look at this is you went really overbought on the day you sold all the way back down to the normal statistical trading average for the day bounced, and then you went back up to a slightly oversold point on the day. Hence the move back down so for now, clove, i'm not really like long bias on it's just kind of a choppy stock. At this point and the squeeze has been forced and now you've got, you you've put the market into a significantly overbought location, similar to amc and you've. Seen that since amc got significantly overbought, we've gone through kind of choppier sideways trading, that's most likely going to be an outcome.
We see here with um clove here as well short, f, c e l after earnings um. I couldn't disagree with that. That might be a possible one. Clove gamma squeeze um debatable now i wouldn't know so myself, because i usually don't look at the options market all that much but again.
If there was a bunch of options getting ready to expire, then yes, we could be looking at that sure i'll go. Take a peek back at over at the stock opeen one second, one: sec, okay, so open! I know we looked at this the other day. I can't remember what it was we mentioned. I think we said it was more of a long price and you were looking to get the yeah. It was along and you were looking to get the price through uh 1677 and then that's what would probably push the market up to. What was our first target? First target was back towards the mark of like 1885., so that's still kind of what you're looking to do is try to get open back towards, like you know, 19 1880s or so. What does amc look like if you put in that flow chart you just had up uh? I don't think i had up any other different chart that i can that i know of yep the energy place still struggling yeah. We might like.
I said we might. I thought we would hold that hold the low for the day, but i mean it still keeps trading down, so is what it is. Uh might might end up going through a pullback over the next day, or so we did. I mean it has been trending up for a long time.
We just had a really good breakout yesterday and we're off half deviation resistance. So i understand why it's pulling back and it's selling down. It's not really a surprise to me, but still, i think i think the trend is good and i think it would still have some more room to go. I hope i'm right obviously easy easygeo sure one second uh easy geo, downtrending stock, don't really see a whole lot going on there.
That's pretty much it all right. So now what we're gon na do is go. Take a look over at bitcoin. Obviously, you guys know as well as i do.
We have projected levels of a good dip buy down at 26, 000 to 22 500, basically anticipating. If the market rolls down to these prices, you're gon na see a recovery similar to that of when it dropped here. So if we get the drop on bitcoin down to 26 000 to 23 400, you will see not maybe you will see a buy just like this okay cells down here. That's where a lower risk dip buy level is going to be located at so you're not going to want to be selling bitcoin down here, you're going to be looking to buy this long and reverse the mac.
Excuse me: reverse the market back upwards, okay and then another reason why i think it's possible. We still see bitcoin down to this level is the rsi is still you know, basically putting in this equal lows, as we did back when it was here. So we're not diverging to the upside, yet on rsi we're still having equal lows, which tells me there's still some significant momentum trying to push the market down um trying to push the market down to those levels, um musanga, i mean honestly, if you just join us, Every morning and every time we come on, live and do these streams, when you can you'll probably start to learn how to do all this charting on your own um. Of course, it'll take some time.
But if you want to expedite that, you can go to the description in this video. A link to the trading course that i have, if you want to buy it, feel free, it will expedite it. But if you just kind of tune in let's every single day, multiple times and really try to digest what we're doing, you'll probably be able to figure out and then kind of build build from there around it. Using technical analysis on bitcoin, even the stock market with deferred pumping billions, and that is laughable man well ee. You might think it's laughable and it really is. But again, if you could just take some time, go back through pretty much all of our most recent videos about where to buy the stock market where to buy bitcoin almost every time. Our analysis works almost 100 perfect. So it's not really laughable when it actually works.
Um, so just you know, be open-minded. Take some time. Go back, watch a couple of my videos from the past week. What you might find is most interesting or um most contrary to your statement.
Is the videos or the analysis on the stock market specifically and the reason i say that is because if you go back and watch them, our recommended dip buys for the market. Every single time were at that low, this low this low and this low and then but anyway. So if you go back and watch those videos, it'll give you a good understanding of how you go about actually picking those price target. Bottoms um almost perfectly to a tee and it might completely shift your opinion regarding technical analysis in markets that get pumped with billions of dollars from the federal reserve um, so give it a shot.
Try it. It can't hurt, take 20 minutes out of your day and if you come to find that, in fact, it does work almost perfectly, i think you should add it to your trading approach or or investing approach. Either one should work, it works for anything really. Realistically there is, there is not been one asset class that this strategy has not has not performed well on, not one.
I thought for a second bitcoin didn't listen when it went all the way to like 64 000, but in fact it did. It just went over our price level by about four grand and then it ended up correcting and doing exactly that so um give it a shot, give it a shot. My man see and that's the other thing is a lot of people, the market's so manipulated. I mean yeah, there's so many players in the game that it's hard to always contemplate.
What exactly is going to happen, how it's going to go down, how long it's going to take, but naturally they always tend to follow a trend and follow a pattern. As long as you can see that and understand it, that's that's what makes it easier it's when you don't have any idea like then it's then it's much more of a challenge. Um for sure i mean hundred percent. Things are manipulated in the market.
There's no doubt about that, because every other week we see bank of america or freaking, jp, morgan or morgan stanley or especially wells fargo caught up in some sort of manipulation of the currency markets happens like twice a year every year. It's crazy, just try it out. Try it out for like a couple: just just yeah, try out for a couple weeks specifically go on the channel and search up the video. This strategy will make you a consistent trader um. My full trading strategy guide, my full my full strategy guide or something like that and then try to go back and watch the last video. I i know the title of it. The last video i made is the stock market crashed here's where to buy that one specifically will show you exactly how you identify this bottom in the market and to go long, so i think you'll. I think you'll prove, after that, oh yeah, so yeah ee.
So what you're? So what you're talking about is it's called sympathy in the market, so you're right like when bitcoin crashed all other cryptos crashed. That is a very common thing that happens in the market always and forever. When the nasdaq or the spy crashes all stocks do the same thing, here's another way to think about it like watch this ready. So it's not it's not just crypto, and it's not just amc and gamestop.
That's just the way the market naturally works. So look at what happened today here on the nasdaq. This is we'll pull up a five minute chart it'll be a little easier on your guys's on the eyes all right. So, let's look at this five-minute chart here on the nasdaq all right and then what we'll do is we'll pull up another chart side by side of it and we'll pull up like apple if this would ever work.
Thank you. Thank you all right now. What we're gon na do is pull up apple. Okay, tell me if apple does not look very similar or have a trading formation similar to that of the qs.
It's actually not as good today as it usually is, but you can see the market started with the long apple starts with the long. Then the market crashes and then apple goes down too now, let's go see what happened with. Let's say facebook today, all right: let's wait for it to pull up okay, so you can see the market starts with a little long. Facebook starts a little long.
Then it drops and then it goes down with the market. Let's go take a look at say: nvidia. This is a semiconductor stock, all right not as clear, cut and similar, but you can see market goes down. This goes down all right, i'm trying to find one.
That's really really similar, just haven't found one. Yet what about cat cat didn't do it? Bob is closer right. You can see up up down all right, and so this is a very common thing. It happens all the time, but stocks naturally follow the same formation and trading function of the major market, indexes.
Okay and then crypto currencies. All of them, naturally, not at all times, are generally going to try to follow the price of bitcoin, because bitcoin is almost viewed as the same way that a major index is in the stock market major index nasdaq spy. They give you a good representation of the overall market from one simple view. So when those are going down, everybody else thinks stocks are going to go down. Hence why they go down and then, when you go and look at the cryptocurrency market, if bitcoin's going up, naturally it's seen as the crypto market's on fire, it's hot and then all the other altcoins tend to run in a similar fashion as them as well um. So is it by design? I have no idea for sure, but it's it's nothing new um that we haven't seen uh seen before good question, though that is a very good question, because yeah anyway, that's a good question or good comment, yeah, so david. This is this. Is another great uh? This is another great one.
Is paper trading? I can't you know, that's that's something. It's been so long since i started trading, i've lost so much money trading, i've won so much money. I've been back and forth the pendulum swing and done so many setups, so many shorts, so many longs options. Futures cryptocurrency like been around the block um quite a bit, so i never think to really go back to like the beginning of how you even get started, because i'm so far beyond that, i don't even like like when i first started trading and investing i mean The the things that i would search up were just like, like what's a candlestick or like how do you find a breakout and, like those were all the things in my head, that that seemed like? I was supposed to learn um, so it's it's just hard to reset your mind after diving into it for so long.
But yes, paper trading is a hundred percent very helpful, never going to be as meaningful as real trading, but it is very helpful not as meaningful, because it's fake it can help you, but it won't create you into becoming an amazing trader real money on the line. Real emotion is naturally, what's going to give you um that edge right um. I think i don't even i think i might have moved. I think i moved 30 million dollars through the market last year.
I think is when my 1099 came back. I think i moved, but that was only through light speed. I think so. It was actually probably a little more than that if i included retirement accounts and other things i dick around in, but so i moved minimum 30 million dollars through the market last year.
That's just buying selling buying selling, it's not profit, but that's how much money i transacted through the market last year, so i've felt a lot of experience right. That's what i mean it's. I've moved 30 million. That was just last year.
I don't even know how much it's been since i started trading a lot so when you move that much money through the markets, a lot of trades, that's a lot of emotion! That's a lot of wins a lot of losses, a lot of things you get to experience right and i did that with real money. So again, um there's nothing like using real money, um for learning really but paper trading. 100. I think you just you have to do it you have to, because you got to learn you if you've never traded before you're, not even gon na know how to buy a stock like the buy button would probably intimidate you because you're like oh what? If i click this and something happens - and i didn't mean to do that - and i would i'm gon na - lose a bunch of money and it's like ah and you go freaking crazy right, it's almost like golfing. I don't know how many of you guys golf that are listening to stream, but it's almost like golfing right, because you can go to the driving range hit golf balls and look like your tiger woods. But then, when you get to the course and you get on there and you got trees over here and there's a little shrub here and some water you're just like becoming, he was like drilling you're like i don't know what to do anymore. You just lose it and that's the whole mental shift there um, so my profit ended up being the end of the year. I just actually did my taxes.
I ended up coming out at like 180 000, so that was between lightspeed uh, robinhood, uh, weeble and td. Ameritrade, so that was through four different brokers. I managed to swing 180, 000, so cool. I mean it's good, it's not like i'm a million or anything um.
Will you ever trade to millions of dollars a year, maybe we'll see who knows uh, but taxes weren't fun? That was for sure i had to pay. I mean 42 of it. Well, that's well, yeah, basically, 40 to almost 44 of it between state and fed. I wonder what that's going to go up to this year after biden, i don't even know, probably have to start selling myself on the corner.
With the tax increase coming from biden um, can you go over exact chart settings you have? Can you go hold on what sorry there's a couple questions i'm mixing up? I have bad eyesight. You won't believe it, but i'm actually blind in my right eye so um over the years. My depth perception is getting kind of screwed um yeah. We could do like a quick roll through the studies um.
We won't do like a full, in-depth one, because we could be here all day long but um, quick rundown. Let me turn the fan on in here. It's getting a little hot and i don't think you guys want to see me with my t-shirt off. I haven't been to the gym since, like the beginning of the pandemic, so we're looking a little rough these days all right.
So let me do one thing: i want to bring up my drawing tools. I don't know why i didn't have those up the whole time, because you know i'm a dummy there. We go okay, uh, yes, so studies, sorry brain farting been a lot of talking today. So all the trend lines you see so the trend lines this guy, this guy, this guy, this guy, all those trend lines that is called well i'll, just type it out, because it'll look prettier all right.
So the trends - those are standard - deviation. Okay, this guy down here, oh this section, is ttm squeeze. This section is ultimate volume system provided by brt all right. This down here is rsi, so relative strength, all right, um, and then these are just a couple. Moving averages all right. So, in a nutshell, standard deviation the ultimate volume system, which you actually don't see the regular volume on here, which i do use too, but ultimate volume system link in description. Take it our website, that's where you can get that and then the bottom is ttm and then the bottom is relative strength index. So those are really all the indicators i use.
Um standard deviation is there to tell me what the trend is of a stock. Give me price targets: dip buys pretty much standard deviation. Is there for trend and giving me so far the most accurate price targets to date in my trading career, which i hope is able to continue for a long time, um ttm squeeze? Is there to help kind of identify? When you know things are in your favor and things are changing direction a little bit within the moment in time, and then the relative strength index is there for telling me divergence. Rsi is not to tell you oversold or over bought, it is, but it isn't.
Okay, it is what it isn't all right. It's there to use as a divergence. Okay, are you saying rvi priced, i i don't relative volume price divergence. So, let's see you're saying chart settings oh under equities, ah gotcha um, so under equities.
I mean right now. It's just i don't i'm not highlighting the the i haven't highlighted the after hours trading session, so that's maybe like the only difference. You're. Seeing is that i have this unchecked.
I kind of it's something i've been playing with recently and i kind of like it better than having the um the high of the pre-market highlighted, because it almost like it almost like screws me up. It like makes me think that we're in a different market when, in reality we're not in any different market, it's all the same market. So it's something i'm actually trying to play around with and not use pre-market like highlight and just think of it as one continuous market and that's generally, how i end up uh uh. I think i like it a little better.
That way, can amc go to 40.. Of course he can go to 40. uh well, yeah, kelsey yeah for sure price. My price does get called incorrect.
Sometimes absolutely there are definitely moments where the price gets called incorrect. It's not always, or i don't always 100 call it correctly and the reason being is because the market ends up stopping at a level that i didn't think it. So it's so it's not that the strategy is wrong. It's just me being wrong.
The strategy always works. It the the market is almost always trading on or off or to one of the deviation levels. It's just a matter of whether or not you yourself are picking the correct deviation that it's going to be trading to and or off of for that session or for that day um. So, yes, there are definitely moments where i'm wrong, but the system doesn't lie.
It does what it it does, what it's supposed to essentially um legacy studio uh, actually give me one second thing, one second, just going through some files, all right, i will post, i just posted all right, so i just posted a link that was our most recent Sale, we just did um. We were sending this out for memorial day. So if anybody currently in the stream wants to use that link that i just sent out, that would be a 40 coupon. So that's a good deal. That's what we use for a memorial day! Sale, but for this day for those in the stream, if you want to use that or save that link and then use it in the future, by all means, it will be there. That code will actually expire a long time from now that will expire in one year from now that coupon code i have is active for a year, so i will leave it on and then anybody who ends up watching the stream three almost a year from now Could still get 40 off um i have made videos on standard deviation. Obviously there's more detail in a course, as there always is, but yes, we have definitely made videos uh. Regarding that um, let's be here all day long.
We can only be here all day long if the likes get to 180. There's 180 of you. What do i have to do to get the other 80 to click? Do i got to show you a nip? Is that really what you want? You want a nip show, i can do it if you, if, if we get over 180 right now i'll give you a nip just one, you can't get two unless it goes to 360.. So you guys, you guys be the judge.
We'll see you got. You got until um, you got until one o'clock, so you got 10 minutes and now i'm gon na have to show you guys one of my nips. It's not, i mean hope youtube approves. I hope they do uh yeah.
We do live stream in our trading group. Um generally, we go from 8 in the 8 in the morning to 10, 30, 11, depending on the day, um, and then there's also a transition between me and my partner, brandon uh through that session. So eight you get me 8. 30.
You get him 9 to 11. 10. 30.. You get me so anyways, but there there might be some shifts happening.
I can't say anything too soon, but we might be making some changes um, because there's this i mean the shift to this. I'm just spitballing, but the shift in online entertainment youtube being online. I mean there's just the momentum is happening there and it's continuing to happening, and it's something that i know. If we don't dive into more and more and more, we could easily be left behind in this new generation of internet tick-tock and this and that it just doesn't want to slow down.
It seems um, so we're trying to kind of format the business so that we have more interaction in the social areas of the internet um because, ideally, the more use as bad. As this sounds the more you support, youtube and and like facebook, for example, the more that they will support you right theoretically, the last thing youtube wants is someone like me coming onto their platform and then drawing people out of youtube to an outside place. They don't like that right. They want people engaged on their platform, and i know that and i'd be stupid to fight that. So we might be making some changes so that we're um like more youtube-based and online, for example, yep uh huh. You guys got nine minutes. Nine minutes: do you 180 skateboard trick. I can skateboard, i actually grew up skateboarding.
I was more into like grinding uh than i was like flip tricks, so i was pretty good at that um day trading, a hot tub stream. Maybe if you guys are lucky i'll, do a lake stream one day where i'll go out i'll steal my friend's boat or his jet ski and then i'll go on the lake and do a lake trading session? Do i drop 5k on amc or not? I probably would not drop 5k on amc. It's such it's such a challenging thing, because the price that it's at for me is almost impossible to buy and hold. Now that's the issue i have with it um it's very hard.
It's very hard to buy and hold at these prices. Do some trading bro do some trading? What do you want me to trade, i'm already trading, that's what i'm doing we're waiting we're just sitting and waiting right now, oh no come on! Let's go we're just sitting and waiting on fcel and uh s: u n w, so those are the plays. That is what i'm trading just not actively doing anything. The scanners aren't really active.
Right now haven't seen a lot of volatility pop across the screen and again it is midday, so things are generally supposed to be slower um. What was the su and w? Let's see how that's doing, let's come back a little bit still, not where we need, though, but fcel you know that's. That was a good hold right. We had the double bottom.
We retraced we retested trend still grinding upwards, so i mean that's good and it's step in the right direction, not out of the water. Yet though 180 push-ups for 180 likes now, that would be something yeah, so um really. The reason i like finance got into investing 18 because of my dad. Then i was 20 or so started learning trading and then just pretty much died into trading and spent most of my days, learning practicing buying stocks, saving and investing since, like 20 and now well soon, man halfway to 28 or yeah, almost 28., so anyways 18 dad Told me become a millionaire: invest your money in the stock market, so i did and so far i've done really good on a lot of my long-term returns, because that's all i did was just buy, hold hold, hold, hold hold and then, as i interest grew decide That i would like to start trying to find hot ways to make money in the short-term fluctuation and that's where it leaves me today and now, i'm currently studying for what's called a cmt exam or i'll, see cmt certification, it's three exams that you have.
Oh, the book's still here, i didn't yeah so now this is kind of like what i'm this is what i'm working on it's to become a cmt. It's called chartered market technician, so three books, three exams, um and after that i should have a super super extensive background knowledge of the market. So it could take me upwards of two years to complete that, but it because there's only two exams a year. There's one there's there's two exams one in december or wait october, and i forgot the other time because i was only looking at the one but anyways there's two two times it takes to test a year and you have to pass three exams so either you study For one pass one then, the next time the exam comes along, you can pass exam two right, but no matter what it's minimum like a year and a half wow to even complete all three exams. If you tried your best so cfa exactly so, why not cfa? Because i ended up dropping out of college and never fully finished my bachelor's degree and they required you to have a bachelor's degree to do it. So unless i plan to go back to college um, they won't they won't. Allow me to do it because i don't know they think i'm too stupid because i don't have a degree or maybe i'm not tameable enough. I don't know how to follow directions and guidance in a schedule who knows whatever the reason uh they want at least some background knowledge a bachelor's degree.
So, even if i got a bachelor's degree in arts or whatever, i could become a cfa so who knows but but that's really why? Because the uh, the barrier for entry for me is possible as a cmt, it's not possible to as a cfa unless there's a work around that i'm not sure of um. That would be the case. Conor's going to start a hedge fund short the market, become melvin capital, get blown up or become that archoic sky. That would be awesome.
Um. The ultimate volume system is not on discount because i'm also partnered with a uh scriptwriter coder, whoever writes the algorithm. So it's a partnership, so we don't as often have those on sale um. So i'm using right now, emas, i'm not using smas um and the reason being it.
Actually, i don't even know dude. I really have no clue whether ema is better or sma is better, because they're so close, that there's not a whole lot of difference there, and you will always find an ema having a significant interaction to stock price and you'll find moments in time where the sma Has significant interaction with stock price? Now many suggest sma more for swing trading, more of a slower longer approach, whereas you might use emas for a shorter macro approach. And the reason that is of discussion is because the equation for the sma and the the difference in the equation for the sma and the difference in the equation for the sma. I don't remember the exact equation off the top of my head.
I think the exponential moving average is calculated heaviest on the most or last frequent trading day. They they take the heaviest weight on the last or most frequent or most recent trading day, so that the representation is more accurate for the day going forward. I again, i don't remember the exact equation, but the ema is calculated heavier and when i say heavier, that's what i mean is: there's more weight added to the equation and it's usually i'm pretty sure i'll double check. But the weight is added to the most recent trading days so that it weights the moving average exponentially more than the simple moving average and it's supposed to be a better reflection of like the current days trading but anyways um. So, usually, emas are going to be looked at or used for um like a shorter term approach. So that's generally, why i use mine but again tons of moments where i've seen simple moving average work significantly better than um exponential moving average and vice versa. 23 trades out of 24 today in green was confirmed with an ema haul way faster than exponential, hmm bolt schrader, so ema hall is that a setting is there is that on td ameritrade, because if so, i definitely would like to take a peek at it. Let's see you may hole, nope doesn't have it here.
What if i type exponential? Well, then that wouldn't happen. Maybe if i just try pull and then something will come up whole moving average. Is that what we're talking about? Is that the one? Maybe all right? Let's take it well, there's no point in doing it now, but we can definitely take a look at it in the future. Maybe i'll do some research on it.
Just four racks, interesting! Okay, oh by the way, this strategy that you're looking at here works on forex too the standard deviation. So you should, if you haven't uh blue trader, try incorporating that into your day too. If, especially, if you're doing forex, i think it could definitely be like the big shift point there for you. Investing in cryptocurrency is a wise decision.
It is not a dumb decision, definitely not a dumb one. Mr davis, i have to agree with you um adam, so i believe i have stocks. That are sorry. I believe i have videos that talk about um when exactly you might want to buy a stock and and how to yeah.
I do um first video to watch to answer that question: go back and look at the stock or go back and look at the video in my channel from like maybe two or three weeks back titled stock market just crashed, here's where to buy, and that is Probably the most recent best video that would teach you kind of how to go about finding price targets and buying. I don't actively trade options, sometimes i'll take an option position and that's when you know like it doesn't make sense to involve myself with shares. I can't involve myself with like shorting it, so maybe i want to trade it bearish, so i buy options um or anytime. I really think there's going to be a big move in a stock, then i'll try to do options, but it's very very rarely, but i do have a pretty good understanding of options if there's something that you're, you know you have a question about, but not the. .
Love your content learned about STD DEV lines from your channel.
Thank you Conner for spending so much time with us. Much love bro
Yt keeps unsubing me wtf .can you post about rmed and plz don't short it sir go long .shorts are screwed
Bro, this trading recaps and q&a's are lit. Keep it up.
trying to use code boiler15 not working to sighn up