Hello, everyone welcome back to another market closing live stream. We've got um kind of a little bit of a mixed uh friday market. Here you know we were all red and now we're not all red anymore, but things are definitely uh kind of kind of kind of soft. You know evergrant had uh had to lie to us, uh darn them, but uh it does.

You know create a little bit of uh by the dip opportunities, especially in crypto. Well, then, again, uh. That was mostly because china just reiterated their hate for cryptocurrencies, not only after by banning mining but banning transactions and then basically just reiterating that they're banning transactions, it's and yet somehow the market still reacts off of that. I personally think most of it uh and we've seen this um from bloomberg as well.

Most of this is institutional trading, yet uh about 70 of the crypto trading institutional base. So if we go out to the uh to the hour here, we can really see when the news hits here and uh and it starts getting bought up pretty much right. Uh right as market opens is really when we have our u-turn right here uh, but we still had these incredible kind of uh. This is on the one-hour charts here.

Uh oh hold on sorry. I was it's. Basically, the same thing happened, but it was over here. Sorry this is this is where we sat today, so uh institutionals selling it off on the news as usual and then slowly buying it back throughout the day.

Uh yeah anyway, similar pattern. We see this over and over again with the institutions it's easy to to mirror emerging, but anyway uh. This is the one hour chart so uh, 42 4 on a bitcoin. Since we uh finished the market, open, live stream, uh up about a couple hundred 300 bucks or whatever did buy the dip this morning.

As soon as i saw the u-turn on crypto, i bought a little bit of btc and i'm staying in line with my cardano ethereum and btc. I did uh previously this week sell all of my crypto and then i have since re-bought so uh. Let's see uh what uh what we've got in stonks here we've got momentum. Uh momentum is definitely moving.

You've got uh canoe, emeryn naked uh, that's uh, oh hold on a second, that's kinda! Interesting! Let me just quickly make a note of this. Here we go okay! I did it all right. So uh yeah we've got uh canoe, emirate naked atr iron, uh, blue apron camber. Literally.

All of those i just mentioned are uh momentum overs, so you've got a massive set of momentum. Movers up here, mp materials moving nicely here. I'm not exactly sure what the potential catalyst is here on mp materials. Let me see if i can find out really quick 5.69 on mp is a big move.

Now chamath did allow in by vote earlier participants in the uh deal on mp materials to sell out earlier than expected, and i potentially believe we're seeing a little bit of a rebound here. Well, we're seeing volume rise, but also potentially a rebound, because you have less sellers right now we're kind of going back to the normal levels here. So i don't see any particular news, so it's not a news catalyst, that's pushing mp material up. I think it was really just uh the recent sell-off by uh insiders that uh that selling pressure is now no longer there.

So we're getting back to sort of that equilibrium. Then uh. Then we've got let's see here, cheesecake 4.78 percent and it's just been a runner. Nothing like darden, i mean you look at darden and that thing uh, that the thing is just uh been incredible here i mean look at that chart.

It's just unreal who knew that the olive garden breadsticks would win over the brown bread at the cheesecake factory, not that there's anything wrong with the white bread. I just like the brown better okay anyway, uh dave and buster is 4.29 percent costco carnival. So we got a recovery revival here at sofi tech. I love the company.

I've done a deep dive on sofi before i mostly have a fat position of sold puts. I do have shares uh in my public account with uh with so fine by public account. I literally mean the company public uh, since pretty much actually everything i have is public, but public.com will give you up to 70 dollars totally for free. If you sign up by going to medkevin.com public, you can sign up with their brokerage and get 70 totally for free and they've got a really cool social platform as well, where you can see what other people are buying and selling, and the profits they're taking uh Or or the losses they're taking but anyway, so far up 2.68 percent yeah.

Okay, oh look at tesla move holy moly folks. This is exciting. We are riding this channel hard here and i love it now. I have not touched this line here.

I think we drew it when it's here and so the last bit here, it's really been dancing consistently with this line, looks like we went up to 772 today. Are we at the high? Now we were at the high about 10 minutes ago. Wow. Look at tesla 772 going back to eight.

I actually uh closed. All of my sold calls on tesla i'm very grateful. I did that because it continues to trickle up, and one of them was actually a 750 sold call that one was upside down by a few thousand bucks uh yeah, but my other car sold calls were up, but i got rid of those if you haven't seen The video, yet i encourage you to watch it uh, it's a video about the most dangerous thing left in the stock market right now, and it talks a lot about option contracts so encourage you check that out, but uh for what it's worth screenshots. I believe this is it yeah.

Here we go so take a look at this. Oh it opened twice so uh take a look at this. This is we don't need this right now there we go uh. These are my sold, calls the less expensive they get.

The more money i make right this right here is my profit and loss, and you could see my 750 dollar sold call went negative because tesla's been doing pretty good, so that was about a four thousand five hundred dollar loss. However, i took ten days of sixty thousand dollars on this one and nineteen thousand dollars on this one. Five thousand dollars on this one, and then it's really just like calls have been bleeding on tesla, uh and uh, and so having these sold calls was really nice. But now we're getting to that place where tesla's like moving again - and i think a lot of it is potentially because of this full self-driving beta coming.

People are very, very excited about this. Supposedly tonight we're going to be able to sign up for the self-driving beta. Supposedly we are going to have to drive nicely for a week uh to verify that we're not like somehow insane. I don't think i'll have any problem with that uh, but uh yeah.

So i'll push that button tonight, but then i have to do that for a week and then maybe i can actually use the beta um. You know next week at some point, which i think that'd be kind of cool yeah discount code down below for uh. That course expiring, uh tonight and price goes up. Uh bryce will be up probably first thing in the morning uh.

So uh you should be good until like midnight. I think that's when the coupon expires and uh tomorrow, we'll have new pricing, yeah and then i'll and then i think it'd be fair with the new pricing to also add some of the new lectures this weekend, uh. So a lot more coming out on options. I've been working hard on those uh, okay, so anyway, uh, let's see what else we have here, so yeah tesla just killing it here 2.28.

I mean really impressive, see what else marriott 152 on marriott. My goodness nice job, dutch bros backup dutch bros, really got like uh like a loyal fan base. I wonder what percentage of dutch bros is institutional versus retail, and that makes me kind of interested but uh apple up a 30 percent. There was a point earlier in the day where you were negative on apple uh, which makes me wonder how oh look: amc is up as well.

How's goog doing goog is sitting at uh. Oh up 0.69 now see it was actually down this morning. Also so it looks like the dip that we did have has kind of evaporated. However, the market is still a little tenuous and uh.

You know this whole china debacle is, is really uh. Making folks lose some some benjies uh. So, let's see here we will. I don't know just looking at some of the comments you all have here.

Don't what's up for the curious mind, i don't know what you're saying um kevin needs to switch it. Why would i have decaf like come on? Don't suit here? Okay, look! Listen! I have a don't sue me: bro mug, with caffeinated coffee for a reason. Okay, you got ta, have caffeine and then ask people not to sue you. It works every time.

It's consistently worked for me anyway. Where are we uh? Let's see here, um uh yeah? Actually, that's the thing. I don't have an internal camera you're right, so i don't uh. I i don't know.

Does that exclude me from eligibility of full self driving? That would be lame. That's actually one of the reasons i like that. I'm keeping my 2017 tesla tesla's because i don't have an internal camera uh. So, let's see here the spy phone, oh yes, i wanted to find.

I was trying to figure out who came up with that. If that was you i wanted to. Thank you. I have the shirt hold on hold on.

I i'll i'll have to reveal it later because it's going to be inconvenient to try to get now, but anyway um rip, uber and leaf yeah. Well i mean or lyft. Why did i say leaf? I know, maybe because i'm thinking about the nissan but uh yeah, no, no they're doing fine. Look at that! Well, i mean over time i just oh, you mean the self-driving.

Hence therefore ripa! Oh, oh, okay! Okay, okay! Yes, yes! Yes! Yes, i understand now. I i put two and two together: i gotcha yes, i agree with that and that's actually why i would personally not invest in uber and lyft uh. It's a ticking time bomb is what it really is, because if this self-driving beta goes great, oh my gosh uh. Oh dude, oh come on man, ah expiring octo.

I mean me personally, okay, look! I i don't want you to like, like get fomo if you sell it, but me personally, if i was up 200 percent on a tesla call expire in october, i'd be like cha-ching uh. Now, in fairness, i do have a sold put on tesla that i'm not cha-ching, but that's a sold put theta decay helps me. Theta decay hurts you. You got three days of theta decay coming up over this weekend, so, like monday needs to be a big move up for you, otherwise you're gon na be negative on that october.

Probably like six to ten percent, i don't know i'd have to do the math on your contract, but but anyway um. So i have a sold put on tesla for uh 620 is when i sold it it's up 44. I'll. Take that i also have uh.

Let's see here well, then, i have call options, one of which is green. A six hundred dollar in the money call for june of 2023 elite that one's up 27 and offset some of the other losers that are red, tesla call options like leaps have been ugly short term. If you want to play it, that's good, but i look if you had profit big 10 days like that i'd take it uh, but that's i've also been saying that for like the last like four or five months that uh as soon as my options are at A point where they're, nice and meaty and juicy like i doubled on google right uh amazon didn't do so well, uh, google, i took 200k and it turned into 400. But amazon i'll show you the amazon one really quick: the amazon one sucked uh amazon, it yeah down twenty five thousand dollars on that one.

I only have one contract on. It was 52, that's bad! That was a bad one, so uh the goal is on trading and options to be right, a whole lot more than you're wrong. Now, fortunately, that is the case but uh you can't win every bet, uh all right, so um yeah yeah, a lot of people saying take the attendees uh i mean again. You know it's it's up to you, but anyway uh lemonade insider sales.

Last couple weeks, probably i think lemonade has scheduled sales uh lots of schedules, regular sort of scheduled ones. So all right - let's see here, you can that's true. You could always sell half of your calls. That's true! It's not see.

I have trouble doing that. I think that's the smart thing to do. I just i'm just so like in and out um with with. Like all i don't know it's anyway, all right, uh, let's uh, let's see here yeah to me, like short-term options, are my favorite be especially like it's like they they're gon na catalyst or not and uh, but you have to keep that as a small part of Your portfolio right like i would, i wouldn't play short-term options like four or five-week options with certainly not anything more than like five percent of my money um, but but yeah five percent.

No, i don't even go that high. I do even less than that. I'm probably closer to like under one percent. I guess i probably have capacity to go a little more crazy, but oh well anyway.

Uh tesla's still going a little bit here, so uh, okay. What else do we have here? Toast toast bleeding, for a second day in a row, i do question the valuation of toast, uh and uh. I do, as i mentioned, in the uh matterport. Oh that's, nice slipping a little bit.

I like that. So you want to get into matterport uh a little bit more uh i do have sold, puts on mad report and a firm. I think red days are great days to do that and it's a red day for both of those uh. However, both of them have run a bit these uh recently uh, and so it's possible that uh that they will continue to go down uh and, quite frankly, i i hope they do.

You know a firm's only down one point: four percent. I hope matterport goes back down to sixteen fifteen dollars. You know, i think it's momentum moved up like crazy here recently, uh so yeah anyway, all right uh. Then we have.

What do you have here? Adobe shift! Okay, all right! This is boring. Uh, let's go to bloomberg and see what we've got here! Blue! Oh sorry, not that one i meant bloomberg.com bloomberg.com! So, let's see here, mm-hmm you're up 48 on your hood 42 sold, puts good job man good job. Let me see my hood puts hood sold, puts good sold, puts oh hell, yeah yeah, you're, right man. I should have gotten bigger on that.

One yeah 45 right now see if you want all those kinds of alerts. Join the stockton psychology of money group link down below, don't sue me. Bro can't guarantee you're going to make money, but at least it gives you ideas, perspectives helps educate you and surrounds you with serious people. Uh, not uh.

You know not not not silliness or drama. It's um really good discussions that we have, especially lately we've been a discord on a daily basis and it's been so fun chatting with you all right anyway um. So what do we got? Here? Biden backs tax on billionaires, unrealized investments. Oh, he said that this morning we actually saw that during the uh live stream.

This morning, when i covered him - and i'm surprised that that is just as of 31 minutes ago, uh a headline here - it's are they trying to crash the market uh? Yes, yes, i should have blank more is, is a good thing? Oh no. I know i know um, that's i don't let it bother me uh. It's it's fine, um, but yeah. That's that's! Usually how uh, how you end up feeling in hindsight.

I think that's where it's good to just kind of set percentages of your portfolio where you want to be uh that really helps minimize that, because once you get to your allocation, it's like! Oh, no, i'm good anyway, i'm good at this all right! Amateur amateurs bet wall street is wrong. Oh yeah, i saw this in the in the terminal this morning. I thought this was a really neat article. Basically, i'm just going to give you the gist of it.

Let me try to get the ad out of here. The uh, the bloomberg article, was basically saying that uh, individual retail investors brought in 4.8 billion dollars into the market on monday, whereas uh institutions took out 28.6 on monday. So really there was a transfer of money from the institutions to the individual. That was great.

That's a funny reply here: tax on unrealized gains, lmao biden has lost his marbles yeah. It's uh, our unrealized loss is a tax deduction. Let's go oh, i love how you turn that around. That is.

That's brilliant! I, like that's a good one, uh exactly seriously uh. Why is canoe surging in the last couple of days because somebody posted a picture of its short interest on reddit and uh? The apes have been unleashed, which is not a bad thing. I uh i i love reddit uh, i i don't. I've posted on reddit once in my life uh, or at least i should say in my recent life like in last, because maybe i did see back when dig.com was popular.

I feel like i posted on reddit, but i don't remember anyway, uh dig.com wow, who remembers dig.com, that's a throwback right. There whoo dig right so yeah what what else is going on here. Folks, i mean cell puts on uh. I was talking about this a bit uh about uh a firm right now the iv seems to be so juicy that sell puts seem nice right now, uh, you know, let's see if i go to a cell put here on, let's say november and you can even Lock in the iv, by going out more but anyway, so let's say you go to january.

I know it's a little longer than usual, but still twenty dollars and eighty cents onto 125. That's like buying this thing for 104.2 uh, it's like a 16 right there. It's really because the markets pricing, in that they expect this stock to to come back down, which again it's fine me i'd, love to buy some discounts on this thing uh, because once in my opinion, we get through this holiday season with a firm, i don't know, I don't know i could be wrong, i mean it just it could just trade back to fifty dollars and then lose lots of money, but i don't know, i think, that's like a fifteen percent chance. Oh fifty dollars i'd say like eighty dollars is like a fifteen percent chance.

A hundred dollars is more like a fifty to sixty percent chance in terms of decline right in in the next few months, uh or it's just doing an upstart and going to like 200. That probably is more like a 20 chance. You know, i think, that's in the lower odds too, could also just trade sideways, which is actually why i wanted to sell, puts on it like. If i really thought i was going to go to the moon tomorrow, i'd be buying calls on it, but uh i sold puts because i think uh you know if it goes down not worried about going down too heavily and i'll be able to buy more shares.

If it goes up, uh or or trade sideways, the sold puts would be great. Soul puts my favorite option. I'm sorry! I could talk about those all the time. It's probably an eye roller at this point, but a matterport by the way also has a decent uh.

A decent return right now on sell puts again, probably because the market's pricing in the stock price is going to come down it's down 4 right now. Usually you want to sell puts by the way on a red day, because if you sell puts on a red day, you have more put buyers so there's more liquidity and uh. And that's because most people are the opposite of what we talk about in stocks and psychology and money like when things are down. They want to sell when things are down, they want to buy, puts when things are up, they want to buy and they want to buy calls.

Ideally you want to do the opposite. So that's just when you get the best pricing now you know not always there. There are times that you know you're there. It doesn't matter so much, especially on catalyst events or um nominal movements, but uh in general, i'm usually a pretty pro pretty big dip fire.

So uh, okay, let's see here what else? Is there any other news? It's a little quiet day today, what's up with the quietness too quiet, hmm, what if we got coffee? Hmm, you like the transparent straw, should i do that more often there's! No! I don't know how cool is that pretty good all right, so it's like an iv. That's what i need. I just need a coffee iv that'd be the way to do it all right. Let's go to the ft.

Uh right, give me some cookies all right. What do we got here? Huawei, the end of super money or super cheap money. Banks begin the tightening cycle. Oh, i wonder what 10 years they're doing right now, they've been shooting up as people are selling off the treasures.

Uh, hey, look the indices they're up a quarter! Now that's cool! Okay! Where is here? We go bonds 10-year wow, 1.548 yeah you're, getting a delayed, taper, tantrum 1 pm coffee at the moment goes to like eight or no usually like stop my coffee like 6 p.m. That's plenty of time to process! For me all right: china expands crackdown. Who cares? Uh mansion threatens biden spreading spree old news student cheating is now a bull multi-billion dollar business wow. I have no personal friendship or in it, okay come on.

Let me get some kind of news here, i'm about to go to baron. I love barons though skills is due for a bounce. I think there are a lot of people who hope you are right. Uh skills has been a child left behind uh wow.

The economist is calling for the head of the imf to resign uh ouch, all right. So barons uh all right, here's an article! Let's! Let's look at this one this this looks like it's going to be a tr, oh gosh. I got ta sign in again. I don't know why baron signs you out like every day, it's very annoying uh, but that's all right, we'll just one time pass code in here.

Oh wait, i did it. Oh, i got in all right. Let's check it out this. This should be very interesting.

In fact hold on a second here: let's see how much time do we have? We have four minutes all right, all right. Folks, we got behrens here, that's going to tell us what kryptos ban means for digital currencies. I i thought they've already gone over this like a million times, but whatever china's latest crackdown on bitcoin and other cryptocurrencies is fueling fears about how low prices can fall as they dig deeper into correction territory. We got a tumble here after the p uh, the people's bank of china and other regulators said all crypto.

Related transactions were illegal and must be banned. The statement signed september 15th yeah. I thought they talked about this earlier in september that they were going to do this, so it to me just feels like old news and i'm surprised, crypto's actually moving on it. But basically the ban applies to all digital tokens, which china says, are not legal and cannot be used as currency in the market.

Uh moved an average down to the downside of five percent. Okay, i mean there's really. They said what it means: where's the what it means part here we go. Crypto markets have been skittish for weeks on tougher regulatory talk big deal.

The latest downturn is another bearish signal. Whatever uh, okay technical indicators are only one fact to consider. Cryptos have become increasingly vulnerable to global capital flows, as institutional traders and firms enter the market. They sold off on fears of a credit crisis related to chinese property.

Yes, fud and it's hardly positive if the world's second largest economy shuts down uh for crypto mining trading and transactions. This is such old news come on. Barons. Y'All can do better than this.

This was not a good article, like i didn't think by you, know, running an article about china's garbage here and they'd say what it what it means for digital currencies. I thought maybe they'd talk about like hey. This is gon na spawn the conversation about increasing regulation, but we actually think that could be good, because once things are regulated become more mainstream, it's doubtful that people like uh, you know visa and uh, mastercard and the larger institutions getting into crypto are just gon na Walk away from crypto because china's banned it, if anything, it creates an opportunity for the united states, but no that's not what barron's told us sounds like barons is a bear on crypto all right. Two minutes left here: 1.6 on the downside, with the market down on the index level, most of the day has been unable uh to kind of come back from that.

Exactly look at the dow transports we're just talking about the airlines now transports versus the utility boring all right come on. What do we got? I don't know insurance is selling off at the moment, which is not so good for them them hippo and lemonade shares. But that's okay, they'll be back. We got uh toast down 5.7 in vitae down 6.49 how's invitae been doing uh.

Obviously a cathy would play uh on uh is uh well in vitae, so in all fairness shout out to her, but it's uh. It's really given up. Most of his latest uh incredible run here on genomics hud 8 mining, tattooed, shaft down 4.4 owl. That company deserves it.

Uh canoe canoe is now shot up 22 running into the close. Here i have a canoe pre-ordered. I've traded canoe, a lot uh. I love the company.

I just think it's a massive bankruptcy risk. Uh like there is a serious bankruptcy risk here at canoe. Okay, look at the day chart this is this stock has been bleeding like crazy uh and - and i don't think they have a particular reason. Other than actual legitimate bank bankruptcy fears like hippo, has had a rough chart as well, but i think they were overvalued at their stock price and their recent catalyst for being in decline is a short-term catalyst.

Canoes got a lot of headwinds, but maybe they'll still give them an opportunity to raise some money. Watch them raise money. They would be very smart to raise money, sell some shares uh monday, very smart on the dao. It looks like the indices have kind of uh slowed a little bit here into the close up 0.1 on the dow 0.15 on the s p, 500, down 0.03 on the nasdaq and down 0.48 on the russell 2000.

Okay: let's go ahead and jump back on over here to the sticks, to see how things ended up for the day or down for the day we'll see some things are losing uh. So what do we got? Uh canoe is uh up: 22 percent imran 19.4 naked 14.8 uh ironette ater attur. Whatever all the momentum plays doing nicely here, uh cheesecake broke five percent, oh, my goodness is redfin coming back is this is this? It is this the moment one of my faves comes back to life 4.57. Look at that rally into the clothes on redfin.

What happened? What happened is this news? Is there? Is there a catalyst, who's, brad garlinghouse, i don't know uh. Maybe i should know. Maybe that sounds ignorant brad garling house is sea or ripple. Oh right right.

Yes, i have not done much research into ripple and i've been very transparent about that. One uh he's also not on fox business right now see what's on fox business. Right now is larry kudlow talking about joe biden unless he's coming up. Maybe there's a coming up thing: if it's i'll i'll leave it on that channel anyway, uh yeah anyway; okay! So what's the cnbc robinhood, oh yeah, redfin and robinho news? Okay, what's the robin hood news, wait they hired uh.

It was just that they hired a crypto guy right. I think that's what here's! Here's, what robin hood execs allegedly said inter! Oh, oh, that's! That's gon na be juicy! Here's! What robinhood executives allegedly said internally at the squeeze at the height at the height of the gamestop short squeeze, that was like 480 dollars a share. Okay, new documents revealed in a lawsuit allegedly show internal conversations between executives during the height of the january. Meme stop chaos.

In one instance, gretchen howard acknowledges that the startup was facing a major liquidity crisis. We didn't know that, though. In fairness, we did know that there was a big liquidity crisis that was, that was clear. Next topic on fox business, immigration y'all are terrible.

Uh, sorry, okay, according to sue uh, the clearing thing seems pretty scary. To me i would say this is our biggest fire right now. Well, duh this isn't uh! This isn't that shocking to me. Actually, i was expecting something more juicy than this as a brokerage firm oops as a burger trim, we've seen many financial requirements, including sec net capital obligations and clearinghouse deposits.

The brokerage said, jan 28. Some of these requirements fluctuate based on volatility, blah blah blah. According to the suit, in one instance, they said major liquidity prices publicly. The chief said the opposite.

Oh i mean that's true, but but in fairness they did raise a crapload of money. What day did they? I'm pretty sure they raised money? That day, robin hood raises million game, stop squeeze um yeah here, jan 30.. Let me see what day they raise money, though, because that matters okay. Where is it? Where is it? Where is it i need a date? I don't need more ads new york times.

I already pay come on january. Jan 01. Oh come on, i mean this. Article was written.

Oh there published on the 29th, see see look published on the 29th. Robin hood in need of cash raises a billion dollars from its investors, so in fairness, okay and i'm not trying to like show robinhood okay, but in fairness you could on the 28th, go oh crap, we need money. Then you get on the phone and you're like yo chamath, send us some money and then then you hear back now: okay, yeah, i'm sending you a check and then you go on cnbc like we don't have a liquidity crisis. We're fine says vlad.

He probably already knew that he was getting a billion dollars, so the liquidity crisis was solved uh, so that day is actually a big deal, and i only talk about this because, first of all january 28th, my birthday, second of all, i covered this like crazy. Okay, uh like this. This is something that is of in immense interest to me, which, when i try to talk to lauren about it, she unsubscribes dislikes and leaves the conversation you all hang around. So thank you, but anyway uh all right.

So sharp rise and trading volume, the clearing thing is scary, boring in worst case scenario. We max out our credit lines and they liquidate our positions. Yeah, yes, exactly that that is the worst case scenario according to the suit the uh. Let's see here, chief operating officer of subsidiary robinhood financials said the company was too big for them to actually shut down.

Referring to the national securities clearing corp provider of centralized clearing services, we're going to get crucified for stopping trades yeah see they knew it yeah and they're literally look at this. They knew they were going to get destroyed by the retail community for stopping trades, and it wasn't, in my opinion, and also based on what we've seen entirely their fault. It was the requirements set by the nscc and the dtcc that that kind of screwed, robin hood, so in fairness, this lawsuit lawsuit actually shows that the executives knew they were going to get destroyed by retail investors that retail investors were going to absolutely eviscerate them. So they knew what was coming uh and it's unfortunate like because i do feel like they got screwed uh, but but they realized like yeah.

We we're. We had some big old problems here for uh for something for a crazy instance. Now, look i get the idea that well wait a minute shouldn't they have more liquidity or whatever, but but how do you? How do you plan for a stock going from forty dollars to four hundred eighty dollars in an insane short squeeze where everybody's doing yolo calls driven by a wall street bets rally like that's once in a lifetime kind of stuff? I think when was the last time they had the mega. One was the 2008.

I think volkswagen shortscreens okay, so maybe it's once a decade, but anyway uh yeah, okay. So this isn't that juicy, maybe okay? What is this one? In another excerpt data scientist antenna have debated how intense the reddit frenzy could get according to the suit, maybe i'm being an alarmist, but i think we should consider all hands on deck kind of situation and shuffle priorities to deal with increasing volumes. Yeah uh, you may not be an alarmist after seeing a chart showing the spike in value volume. Yeah today was a huge day.

There are internal things that are starting to buckle under pressure. Yes, 10 have allegedly responded, only the paranoid survive. I mean that's actually a good thing. Like he's he's saying like we got to prepare right his response to a comment that one who panics first panic's best was joy.

Okay. Well, i mean this is a little out of context. You know that that okay uh in another message, the company acknowledged blowback from this - is going to be exponentially worse as time goes on and they were worried about the long-term effects of this well yeah from a pr perspective, pr wise pr wise. They got screwed absolutely screwed.

Uh. No tell me more about the citadel leak. I want to hear about that. Uh just tell me where i can find it i'll pull up, but anyway, in the months following these conversations, robin hood, ceo, as well as ceos of citadel melvin, testified in front of congress.

Tenf told the representatives that uh this was a one and three and a half million event which he cut. We'll write the three or the whole three sigma event, unmodelable, as unpopular as it is to say, because it's so easy to just on robin hood right now. Uh, i i believe that this was a pretty rare event. Was it one and three and a half million? I don't know it was certainly, in my opinion, at least one in a thousand uh, very rare yeah.

The company went on to a blockbuster listing in august. Well: okay, uh security, sec, chairperson gary gensler, is expected to publish a report in the coming weeks. I want to read the report. Uh joy is the emoji response on slack for laughing.

Oh thank you. That's that that adds a little bit. Okay, yeah it it. It feels like it shows you kind of the uh the anxiety and almost trying to like calm everybody stay calm.

We got this. You know uh anyway, yeah, it's interesting, very interesting, so uh, okay, i mean this cnbc article with on without context. This cnbc article is pretty rough, pretty rough, especially since most people don't make it to the end of an article like, i would say, 90 of articles, don't get read to the bottom and that's fine, but certainly even a smaller percentage get the additional research, because the Fact that you have this in the summary here, uh one person saying there was a major liquidity crisis and then vlad tenef, saying the opposite. The next day eradicates the context that they raised a billion dollars in that 24-hour time frame.

And so i i feel, like that's a little unfair to robin hood uh and look i'd love to bag on robin hood too, because it's the popular thing to do. But i have to say some things: not bad uh like uh like the uh crypto, it's uh. If they get the wallets, it's gon na be juicy because their uptime recently has been better than coinbase and they uh and don't get me wrong. I'm invested in both hood and coinbase: okay, but um you're, cheaper, coinbase pro was five dollars cheaper on robin hood, because the coinbase fee uh and uh, and then you compare like to regular coinbase or some of the other ones crack and voyage or whatever uh they're.

A lot more expensive, the bid ask, is insane anyway, sorry uh. If, if you would prefer me to have a different position on that uh, i'm just trying to stick to the facts. Okay, so what else we got i like this picture, they use the vlad. It's like very, very deep in thought.

Like hmm, what am i going to do? Okay, um anyway, oh yeah, why did redfin run folks? Why did redfin run it? I would like to know why redfin is going up. I want to know all right: let's find out redfin indiv co news, redfin interest in relocations, dipped slightly with 30 of house hunters looking to move to a different metro, okay, corporation trading, no, no four signals. Second home. Second, home sales fall 19 year-over-year.

I see no reason here for certainly there's, certainly no news event on redfin moving up here. This to me is a it's. An institutional dip. Buyer is what this is uh vlad, considering his child, that was the that was the testimony, was the best and maxine waters.

Like he had that whole thing so prepared and maxine waters just shut him down when we watched that live. This is like well as a young boy growing up in bulgaria. Mexican was let's talk about the actual issues that was some of the most entertaining testimony. I've watched in congress.

I reclaim that. Oh, that's a good one. Oh that's funny! That's good! Hey! That's still live. If you wanted to see it uh, i don't know where wha.

What's the i'm sure it's just um robin hood games tesla, let's see here and then let's look at some other stocks here, but it's probably meet kevin congress gamestop robin hood uh. Let's see i made so many videos on this. I can't find it now. Uh wow congress testimony ah whatever i'll find something.

Oh there, it is markets in congress. Hearing i found it. I think i'm pretty sure it was this one streamed seven months ago, wow time flies. Look at that markets and congress hearing robin hood citadel deep, f value.

Melvin live: that's cool that should index better now, whatever anyway um, okay cool! What's moving in the after hours, so in the after hours, hive uh, oh toast, is coming back a little bit hot, coming back a little bit. Exp oh exp is at 50. great job. Wasn't that great how many people are in the room with you right now at this talking to citadel? Oh there's, some great memories uh all right, so i don't know nothing's really moving crazy in the after hours here, but uh.

The redfin move today that 4.57. That's interesting to me: uh whoa tesla's, almost up a full three percent; that's awesome! Very nice good job, tesla yeah good thing! I closed those cupboards good thing: okay, honest company, five percent to the downside today, ouchies yeah matterport. I thank freaking goodness. This thing is finally coming back down because uh i got out of my call options a little early.

It took some big attendees, but i didn't hold on this long uh. I paper handed those options, but i took money i don't know. Is it considered paper handing if you're taking a big profit like i don't think so, especially on an option uh, i don't know either way i'll i i'll rebuy it so yeah. Okay, there's nothing really crazy here to talk about.

Let's look at bloomberg, maybe briefly here three sigma's from three sigmas to tres commas, the three commas all right so bloomberg. Let's see here always take profits, not paper handing paper handing is when you panic, sell loss. I agree with that that i i like that definition. Yeah uh paper hitting is when you panic, sell loss because the price is going down.

I agree yeah uh, so well, so james, it's a long story, but basically i sold my shares a long time ago. Like eight nine months. I don't know something like that. I bought calls the calls printed, i sold the calls then i sold puts then i got assigned the puts because the stock fell below the strike.

I think it was 15 strike. I got to sign the puts so i took the credit, so i took the profit on the call i was like 80 grand or whatever took the profit on the credit, the 16 grand, and then i put it into a call option again and that printed again, Another 60k, or something like that. Anyway, it ended up turning 100k into like 250 000 uh by trading matterport. It could have been more, but i'm like yeah.

These are nice profits, so i took profits uh, but so i kind of turned it into a trade is what happened, and i did that when i eliminated my margin, because at the time spax were really anchored to low prices, and i thought okay well now is The time to eliminate my margin, so i have zero margin and i've had zero margin for quite a while now uh. It feels great by the way, and instead i place money onto options which are inherently leveraged and uh. I would say seven out of ten of the options i placed have done extremely well and three out of the ten haven't uh and uh. That would be like thirty percent off, because i've done more than ten but uh.

Some that have not done very well are pinterest neo and tesla. Uh tesla got iv crushed, but hopefully you know that that flips here as um time goes on they're all leaps. So it's so it's it sucks because you watch it bleed. But it's okay because i have hope for especially the tesla one uh, but anyway that's the answer so uh not yet not yet.

I will, though, so the question of do i cover like uh, uh spreads, uh or or you know, as you're mentioning here they're coming. There are a lot uh, so i develop my courses over time. The stocks in psychology and money group uh is is pretty far done, but there's a lot of work left to do in options. I've got a lot of great lectures already on options, but spreads are still coming like the more advanced strategies those are still coming.

It just takes a while, because the way to explain options is, in my opinion, you you have to do it in a very delicate way, because options are extremely complicated and making the complicated simple is hard. But i think i've done a very good job of what i've done so far, but anyway that would be coming in the future uh uh, yes fastest lap. Thank you. I might have to rewind all that yeah.

Well, at least it's recorded yes and the coupon code is expiring. Today, that's right, uh! Thank you to uh to those of you who have been very kind. There are some of you who left very, very nice comments uh this morning, and i thought it was very, very nice um. I don't know where i put them right now: oh wait here.

They are screwed. Oh yeah, okay, here we go. That was one! Oh yeah! Okay, here you go so um, but anyway i want to look at the sticks, one more time too. There we go.

Can i come through there? We go so this morning, uh. These were two comments. Y'All left me uh, and i thought it was very nice. This was it during the course member live stream, where we go through a lot of questions.

Hi kevin i've been a member of the group for two months now, and i wanted to thank you so much for your help, with struggling with the psychology of trading and your courses helped me so much that was really nice uh here's another one um just want To say this just three days into your course and i'm literally wasted - and i literally wasted 10 years of my life, not learning from the best that was so nice. Thank you for that and uh. I don't know there are a lot more feedback. I think you can see them in discord too.

I think that section's open the feedback section, but anyway uh okay. So where are we uh? Let's go ahead and look at heartwarming. That's a nice way. Thank you for that.

Okay, so, okay, there's really little news. It is friday, after all, but little news right now, um crypto's peak fud moment has already arrived as hammer drops. Well, this it looks like a little bit of a better article, at least already based on the title uh they're like peak fun moment. I like that, like that's, that's with it, you know that's right.

It is kind of like peak fought over china like how much more how many more times is crypto gon na fall, because china does something stupid. What do i care among the countless pieces of technical jargon and acronyms that cryptocurrency the cryptocurrency community uh throws around there's one and that's fud? Okay, what are we gon na now talk about what fud stands for uh? Of course, the potentially bigger threat is fear, uncertainty and doubt about what governments around the world would do, including u.s regulators. I don't know that this is going to tell us anything new. If the regulators look at something unfavorably, there's a contingent of crypto investors who say that makes me like that, more not less because of the anti-establishment nature of crypto sure i support some form of regulation, though uh because uh, you know specifically, i've talked about the stable Coin risk since december, before anybody else was talking about stable coins, i made a video about what would crash cryptocurrencies.

You could look at. It would be nine ten months ago, something like that. Uh like this is how cryptocurrencies will come to an end or something like that was what the title was, and it was all about breaking down like what happens if these stable coins are actually lent out 10 20 different times - and i understand some of this happens In the regular uh banking industries as well, but we have more transparency around that with color around that and we can mitigate risks because we know what the risks are or more of them uh. But anyway we don't have that color and that's why people are so worried about like the whole tether, fud, stuff and things i've heard it all, but anyway um all right.

You really regulate at the protocol level, blah blah blah. I don't know that this is so exciting still to do. There could be whistling past the graveyard mentality in place, as crypto investors ignore what may end up being a major sea change when it comes to regulatory scrutiny, it just hasn't settled in yet, but that's likely to change pretty abruptly and crypto currencies tend to have abrupt Moves that's true, they're, never calm, they're, never steady! It's either volatile moves higher or often times volatile moves. Lower.

One thing's for sure is that the stakes are growing higher as more hedge funds are getting turning into crypto believers, another luminary of the hedge fund, world ray dalio, waited weighed in on bitcoin on bloomberg tv calling it a tremendous accomplishment from a technical perspective, of course, And even praised uh, and even that praised was dripping with. Of course, even that praise was dripping with oh okay, okay, uh. If successful, there's a risk the government will outlaw he says yeah i mean i don't think so. But, okay, i know that.

Wasn't too useful! We didn't really get anything useful out of that. Just a bunch of mixed bag commentary there i'm going to post a response video to this garbage by the way, if you haven't heard about the nonsense with the whole zillow, tick, tock thing and redfin tick. Tock thing check my channel in about five minutes. I just got ta make a thumbnail for it and then i'll post it maybe ten minutes.

Uh tesla starts judging odors. They charge ten thousand dollars for full self driving dripping with fun. Yeah uh uh uh. Three weeks, guys, three weeks, that's that's the three week phase.

Can somebody like take this screenshot and and meme it like this right here we should put a black bar around it. Uh, you know, like is: isn't there like a meme generator, you could use uh, but you got to put like the back black bar under it and then just just three more weeks. Um, you know i might. I might have to do that i'll.

Save that to downloads i i might tweet something like that anyway, uh, that's the perfect picture for it all right. Let's see here yeah beta buttons coming out tonight, then they judge you for a week and then and then they'll. Let you know if you qualify for full self-driving, that's basically the bottom line here all right. Let's see fsd beta button, okay, uh, before pre-market after hours, nothing boring, boring.

Well, i'm gon na be bored over the weekend. What am i gon na do? What am i gon na do with don't sue me, bro, coffee and no stocks to trade. Well, at least you could get a free stock worth up to 70 with public.com and take advantage of that coupon code before it expires tonight, link down below all right folks, thanks so much for being here. Oh cardano summit, okay! Well, thank you.

You just gave me something to do this weekend, appreciate it all right folks, i got ta go thanks again for being here, we'll see you stay tuned for that zillow tick, tock reaction.