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FOMO HOUR x Ace Trader: LIVE Trading Quarterfinals and Semifinals
Recorded: Feb. 12, 2026 Duration: 2:47:53Space Recording
Full Transcription
Thank you. Thank you.んんん
ん GM everyone and welcome to a very special episode of FOMO hour today folks we are doing a mega stream
with the ace trader team stats is going to be joining me here shortly today is Thursday
February 12th we are on early let me get him up here we are starting early you may know we typically go 10 a.m eastern we're
starting an hour early because we are so excited ahead of today's major ace trader quarterfinals
and semifinals we are going to be streaming them live here this morning chatting strategies
chatting trading maybe a little bit of markets as well stats is going to be on with me gm how you doing gm gm gm live professional trading the spectator
sport you never knew you loved so are we officially live i think we're about this oh we're about to
begin in about a minute 30 here so we uh we are starting live folks right just in time before this thing is going to kick off.
It looks like there's going to be two rounds,
if I understand that right.
So there's going to be, the way this works, 30 minutes,
1v1 trading competitions, perhaps two rounds,
and then the winners will move on to the semifinals in about 90 minutes.
Is that right?
Yep. Yep.
Yep.
And as I understand it,
so we had some open questions about how this is actually going to work.
So it seems everyone has to trade at least a million dollars and you have to
do three trades.
So you can't just sit flat and hope your opponent is going to,
you know,
chop themselves up and lose.
So you,
you at least have to make some movements.
Everyone is starting with an account of $1 million.
No max loss limits.
So you can really go for this thing.
It looks like in the brackets, we've got two sharts.
Who is the king from our prior rounds?
Number one is up against Crypto Gorilla.
And then we've got our homie Farou is up against Crypto Gorilla.
And then we've got our homie Farouk up against Veg Hatilla from the public.
Curious if you have any reads or picks on these matchups.
I think this first one is one of the most interesting.
Because Tushar had never traded a perp until he started this competition and then he just blew everyone out of the water he's a guitar
maker who puts you know i think he puts like 10 of his of his every single paycheck he gets into
crypto and a meme coin into in some form of crypto so he's at a rough go. I'm rooting for him. I'm rooting for him.
I think he showed his skills.
He showed his skills early on.
And you kind of want
the small guy to win. Crypto Gorilla's got a massive
YouTube following. He's got a massive
he's got a massive following
on X. And I think you got to root
for two shards.
I'm curious, was it just beginner's luck?
And we're going to find out here live this morning.
Because, I mean, the way Purps is,
you hit a couple big ones, right?
You can get out to a comfy lead,
then almost just kind of coast from there.
He went, I think he went 10x short Zcash
into the Bitcoin crash.
Wow.
So he kind of knew. He's like, I'm going to follow the Bitcoin chart. Wow. So he kind of knew.
He's like, I'm going to follow the Bitcoin chart
and then find something that's got beta
and trade that instead.
It's an interesting strategy.
So I'm curious how you think about this.
So now that you've been kind of watching these play out.
So the way these work is you get the most leverage on Bitcoin
because these are tied to
hyperliquid so you can go up to 40x on bitcoin 25x on eth and as you move downstream to alts
which trade like levered majors a lot of time but the leverage is lower so like on hyperliquid you
only get 10x on zeke you only get 10x but typically you'll get more volatile moves so i'm curious like
would you typically go,
would your strategy be to go after alts or would you go after the big ducks?
I think you go, I think in like a smaller move
than 40X Bitcoin is probably going to be the most juice.
But if you do it heated and you catch like a real move,
then in those situations, I think the alts,
even on lower leverage, can really just go crazy.
And the strategy is even a little different here for a 30-minute comp.
I was telling Shartz this.
I think that this probably has more skill.
My guess is if you figure out the strategy for 30 minute training competitions,
like my guess is there's a strategy.
And if you figure it out that you can like have a really good win ratio,
but no one knows what that strategy is because this is not a sport that people
are familiar with.
I don't know if that makes sense.
You know who has the strategy is the folks turning the 15 minute candles on
the prediction markets with their, with their bots.
Yes. Doubling up. is the folks turning the 15 minute candles on the prediction markets with their with their bots yes doubling up um those those are the guys we got to get on to a straight i mean they're gonna yeah i mean those are the guys we got to get it's we got to figure out how we get access to yeah i
think our audience and the influencers who joined and stuff like that we're just kind of all so
naturally like a bit nft native types who get you know but
as far as like the real perp traders out there the real prediction market absolute degenerates i
think that uh ace trader is a good product for him so we gotta figure out how we market to them
it's gonna be an interesting window here so we've got about 24 minutes before the u.s market opens
bitcoin's hanging out 67 980 so it went low. So we are in a little bit of a rebound.
How low did we go?
Yeah, so we touched.
Wow, we got into 65s yesterday.
So I think you have to, coming into this,
you have to kind of have some kind of a bias lean.
Like, are you planning to go long or are you planning to go short?
I mean, there's nothing about that chart that makes me want to go all that long.
But all I see is something that looks a bit like a green circle water slide there.
So perhaps Amanda or someone who's more...
I mean, maybe...
Do you draw a line from the bottom of the trough to where we are now
and say actually there's a wedge or something higher. I don't know.
But no, I guess this one makes you a little bit more bullish.
Yeah. You know, so I was too zoomed out.
So we're a 30 minute training comp.
So we got to be on the five minute chart. That's true.
And I mean, actually there's like on the five minute view,
there's actually some decent volatility to be trading here.
So I think what you want for a perps comp is you want the volatility one way or another. So where did we close? So market close yesterday would
have been what 1500. So I was standing on this chart. There we are. So we closed
at 67, six. So there was kind of probably a basic school thought maybe we just revert back to that.
And that's kind of what we're doing.
So we shot up to 68.4 this morning and now selling off back to that level on Bitcoin.
I don't know if we're able to track live what the folks are doing.
I'll be interested to check in to see some of the early moves or if they're waiting.
All right.
We got a trade on the
board okay okay all right so we got we got gorilla down slightly uh which again i i really want
charts you know it's i think he he'd be awesome here then we got farroke uh and i don't really
the guy that he is going against i think he's from hungary he's a 31 year old from hungary
interesting in the game for about five or ten years a lot of these guys are pretty anonymous
though a lot of the guys who are not kind of in that influencer circle who who started like you
know are are uh should i do do want to pull up i think there is actually a live uh stream let me
let me see if i can get it for you is it it the one on the website? The YouTube?
I think I retweeted it, actually.
All right, let me...
My first one, my first post.
Get that for you.
Yeah.
Wow, that's 8,600.
Some real viewership there.
Yeah.
Yeah, but the guy's not...
That chicken NFT guy guy he's not uh
let's see here
oh okay now we are we've got the live stream yeah i don't know does that is what you were
looking at better though we'll be able to we'll be able to continue toggling to see all right so
this is two shards so he's waiting so this is a live view of
his screen oh all right and we wanted him to do head face but too many of these guys were anonymous
and gorilla actually said i don't want it's too it makes me too nervous if people look at my face
so i think shards was like well then no face for me either uh and i was like guys come on
you're playing oh there they are in the lower
right yeah that's gorilla right yeah so that's gorilla all right he's up 60 uh he's he's up he's
up 4k okay so what is on a million and he's trading the bitcoin chart i mean yeah yeah that's what i
think you have to he's doing the gorilla he's up all right he's up 12k yes man i've never been a sports
so this is a totally new thing for me so i mean this is actually i i would probably be in rough
shape because i was seeing those red candles and i probably would have had a short bias
but okay but he's uh what has the market done he He's long. Okay.
I think it's actually hard the way the overlay is.
I can't see, but with the candles, he has to be long.
He's up 15K UP&L now.
Two shards if you're listening, my friend.
You've got to put some trades on.
The clock is ticking. We've got about just over 20 minutes left.
LMAO games an empty couch.
All right, here's Chicken NFT.
Doesn't look like they've traded yet.
They're perhaps about to make their first trade.
So I do appreciate the, like, let it open, gather your thoughts.
You don't want to just go into a hole the first minute of the no what's so
do we have a scoreboard though can we see how for maybe toggle back to your other attack here
all right so the original thing you were on was a tab oh wow best trader on crypto trading we got the persian sensation out here while he's live trading
while he this is the only this is the only professional sport where someone comes on
and does an interview mid-competition so i'm i'm next i'm up next oh you're up next oh my bad oh
i thought okay so both are down two shards is down slightly less. Is that what I'm seeing here? That is right.
But what we're not seeing from this, we're not seeing the UP&L.
So from that last glimpse, crypto was up like 15K unrealized.
So he's.
Okay.
Okay.
Interesting.
Okay.
So trades that haven't put on.
Account value, I guess, is where it's at.
Yeah. So account. All right. So there we have it. So. Account value, I guess, is where it's at. Yeah, so account value.
All right, so there we have it.
So his account value is up a bit,
but I wonder if there's a little bit of a lag.
Oh, wow.
So they were crushing their volumes.
So these are well over the...
Yeah, yeah.
Well, Bitcoin's had a little bit of a moment here.
It's back up to $68K.
Where was it this morning when we started?
It was $68,400.
It went all the way down to $67,800.
It looked like it was going to keep going and then reversed.
Okay.
Farouk, I mean, we don't want you to give away the kitchen sink,
the whole playbook, but how are you thinking about your round?
Because you're going to have the market open round.
So that's going to be an interesting one.
I was going to say, I was thinking of, you know,
market opens haven't been so good lately, you know?
And we are Friday.
So we'll see.
We'll see.
But I'm watching.
I'm thinking I shouldn't go too big too early, you know?
So we'll see how it goes. I'm thinking I shouldn't go too big too early, you know? So
well, Sarah goes
You could just go huge
and be like, alright
we're going to make it or break it in these first five minutes
This is true
Crypto Gorilla's up 22 grand right now
Fuck
Sports reporters aren't allowed to have a bias, right?
So I should not be like rooting for Shards tom brady said he has no he had no horse in the super bowl he couldn't even say that
he liked the patriots no way um i mean i don't know if you're like the goat and you're the goat
because you were like the never to be replaced guy on a team do you root for your team 20 years later
i guess not i think i i personally have a little more loyalty.
Was he the announcer for the Super Bowl?
Yeah.
I think someone was just interviewing him ahead of that.
But he does have a pretty...
Did he talk to one million notional volume or play the whole million?
Play the whole million.
I think volume broke.
I think volume.
Okay.
Okay.
So that means like 100,000 10X would get you there as I understand it.
I think right off the cusp, I put a million on 1X,
close it two seconds later, lock in the volume,
and then just try to have that couple more big trades.
Because you have to have three trades, right?
Yeah.
There's a lot of ways to play this.
Crypto Grill up 18k up now live lmao kings is flat it seems perhaps waiting so we're about the halfway point
all right no so i'm saying the live counter is traded 21 minutes so so let let where's the do
we have where's the scoreboard tab? Let's see that one.
Okay.
So I think an account value,
give it a refresh.
They did a good job with that logo.
I like it.
Yeah, I like it too. It is a nice logo.
So now it says that Sharks is winning.
It's interesting.
Really?
So, Farron, are you nervous you nervous like what's it what's
it like to know that you're going into a live sports competition that you've actually never
done before dude you know i feel like i feel like i'm uh i'm banks in the og phase day you know i'm
about to get in and smack motherfuckers you know and you're're represented at Hong Kong airport. Only the real ones know.
Yes, you know, you know,
HKG, Emirates Lounge.
Are you leaving?
Are you done with Hong Kong?
Yeah, I'm on my way out.
How was it?
I'm alive.
I'm alive.
I'm alive.
It was great, though.
It was great.
I mean, Hong Kong,
you know Hong Kong.
It's a great city, lively city.
The conference was...
Yo, crazy stat.
So there was over 12,000 people
come to the conference
and it was 3 000 plus people bigger than last year wow wow yeah asians like their crypto let's not
joke around here they're big and they're still doing investing they're still i had a lot of
good meetings like there's still about asia man there's some about asia i i think
what it is is that there's been such a wealth jump in the past 50 years like korea japan you know
china in the past 20 years there's been such a jump in quality of life and in standard of living
that people there just want to make it you know and it's there's no uh talking about how this
generation has it so bad there's no talking about this or that there's like
how can i make it in a way that my parents like didn't have opportunity oh hong kong is also
different like hong kong is like rb one of the best cities in the world and it's lively and it's
fun and there's a lot of dope people here like there was 400 side of us in three days that's
crazy yeah and the cool thing about hong kong is it's very compact it's none
of this like nft nyc stuff where you got stuff like i'm like on the water downtown and then you
got stuff made in downtown central one try you know that's it borderline walkable you know one
try to central maybe you're taking a five-minute taxi but like it is not you know it's just so
accessible i lived there for 15 years for a reason i think
i love that place all right so what what does so chicken nft uh just made uh just closed the trade
right it looks like it right i was just thinking like man like there might be something here like
imagine watching mando and just be able to watch his trades live right and see like oh wow
he's going for it you know he's long in 400 bitcoin and then just being able to tail him
um so you get some some good traders in here it's something watching mando trade live is something
i was just on a 10-hour flight with him and he was trading half of that flight i mean folks do
it with like the meme coin streamers right like that was a big thing when memes were hot folks just watching orangey of course there's
like this sector folks who just watch professional gamers play watching professional traders why not
but i feel like it hasn't really been done outside of memes uh crypto gorilla checking in he's up 13k
on the bitcoin long he should close that I think he should close it too.
He was up 22, and I think a 22K should have logged off.
Because making 20K in half an hour
is not easy, dude.
You think he should have just called it off?
Lock the gains, and then you can still
put that back on.
You can put something else back on.
Lock the gain, put two other trades to reach your minimum trade and just see what the other
guy like watch the stream and see what the other guy's doing i don't know oh it's evaporating
it's 7k now yeah see gorilla market's about to open dude market's gonna fucking ruin his trade
well now he that's when he's done
well they it looks like it's gonna go a little bit past it so it's gonna go five minutes past
so they're gonna get a little bit of action oh it's five minutes past wow if this timer's live
i'm seeing it go to like 9 35 okay and and farroke you start immediately after them yeah so farroke inquiring minds want to know so
if you win the quarterfinals like are you still going to be able to compete in the semifinals
before your flight are you there they're gonna they're gonna make my if i make it they're gonna
back-to-back me okay so i may go back-to-back like an hour of trade a so Here's why this matters. Checking in on the
Myriad Ace Trader
market.
You can bet the public versus the elite.
Trying to find
where this is.
One of the elites too.
Let me find
Top Top
on Ace Trader banner.
Oh shit.
The new market's true.
Yeah, Will Ferro reached the semis.
Other closed.
Holidays are closed, unfortunately.
Public versus elite.
Who wins the $1 million?
So this was 75% public.
So everyone thought that they weren't giving you and Gorilla
too much credit, unfortunately.
Because the field is – there are six public there's
two elite so i think it's you and gorilla from the elite group and everything everyone else is public
whoa i saw it 75 25 it looks like it pushed a little bit up um but i don't know what are people
saying are there is there betting on this competition for Sharks versus Gorilla?
I don't think so.
They're closed live.
Gorilla's back up to 20k. Holy.
We got 10 more minutes here.
There's just a bit of a candle.
Chicken's red.
Chicken's down 3,700.
He's all right. He's doing okay.
Let me go find my folder with all the details of who these guys are i should gorilla should really close this dude he's got
it in the bag in my opinion um chicken nfts only got 100k position on that's you're not going to
make a big move like i think you gotta have bigger size than that a little bit about chicken he's
been trading since 2020.
He got into the space via NFTs,
likes meme coins, leverage trading.
He didn't really tell us a whole lot. He just kind of said
the basics. Trust
your conviction. Take your profits. Don't rely on a moonshot.
Be patient.
That's the chicken. And who's he going
against?
LMAO.
LMAO, yeah. I don't know that we've seen any LMAO
trade yet.
I think he's having lag.
Let me check the Discord.
LMAO
says you got to be lucky.
LMAO attributes his entry
into the quarters to luck.
And then he says that now he's going to show his skill.
Oh, Chicken. He's got his finger on that close
button. He's up. 2K. 23K. 2300. 3K. Oh now he's going to show his skill. Oh, chicken. He's got his finger on that close button. He's up.
2K, 23K.
2300, 3K.
Oh, he's climbing rapidly.
Oh, shit.
All right, he's closing it.
All right.
Oh, it came down. You need to be TPing, dude.
You're not setting limits.
And he just lost $1,000 by not limit selling.
I guess Mark is closing fast.
All right. Yeah. So let's
do we have an updated leaderboard?
Oh, Gorilla. All right.
Looks like that was
he is officially in the green now.
Realized up 5,600.
Okay. So here's the live leaderboard.
El Mayo Kings down 8K.
Chicken is almost flat.
Two Sharks has done 35 million volumes somehow.
My boy.
He's live.
He's live.
There's still 10 minutes left.
Yeah.
Well,
this is where he goes over to Z cash. I think. Yeah, maybe He's live. He's live. There's still 10 minutes left. Yeah. This is where he goes
over to Zcash.
Maybe.
Let's see. Has everyone just traded in Bitcoin?
So far, that's all I've seen.
Yeah. I don't think that's the right
move. I mean, Gorilla caught the right move on Bitcoin
though. That's true.
It's true. Maybe I guess Gorilla did it
right, man. He went size Bitcoin
as soon as it opened.
What are stocks doing? Futures higher. it's true maybe i guess girl did it right man he went size bitcoin as soon as it opened first trade futures higher i uh i think i'm slamming 40x long at 829.
yeah i mean that's what you got to do here is there comes a moment where you just throw
caution to the wind again these are the things that that proverbial person who's actually really good at live trading
would know how to do i feel like i would do that only once i know like if i'm losing let's say
and there's like five minutes left or ten minutes like but right off the cause i don't know no no
yeah so you're trickier so you don't want to do it for your opening trade uh you know what you
also have is you'll have the setup for the 10 a.m.
reverse slam, right?
Dude.
So that'll be at the end of your window.
And if the semi is back to back,
it's going to be the whole first hour trading.
It's going to be fucking fun.
Yeah, I like your window.
I think I would prefer to be in your time slot.
The 30 minutes before market open is always a little bit of a weird one
for me personally. Do you ever do this like day trading kyler you're like bored i
want to feel something oh yeah there's some of my psilocybin gummies or uh so in the in the trump
post-election pre-inauguration window i was incredibly liquid yeah and like i would go on
fomo hour with like 40 expert positions on and just would
be sweating it and do would you uh i mean what's it like having a 40x position is it just a thing
where you just basically lose your money um i mean you kind of treat it like in my head as like
meme trading right like not expecting it to be like, uh, like serious positions, more just trying to hope for like quick scalp.
Um, and in my experience, it goes well until it doesn't.
I heard some stat.
I invested in some, uh, I never actually, yeah.
Yeah.
No, I always on soul.
Interesting.
I was invested in something that did something with, uh,
leverage FX trading platform.
And they said that 95% of people go to zero.
For sure.
Because ultimately, you just more and more reeled into a 40X trade where you lose it all.
Would you look at the OI wipes on hyperliquid and stuff whenever there's big liquidation cascades?
Like the OI just goes down 50% because it was leverage.
I think in the bear market terms,
like if you have longs,
there's just no way to protect those positions.
And if you don't have tight stop losses,
that's where you just get eaten alive.
And that's some mistakes I made last year
to the point where I kind of vowed to stop.
Do like small fun perp trades here and there.
Yes, like all back.
Bigger ones, I'm not there yet.
Gave back a lot of gains in 2025, unfortunately.
But let's see, Crypto Gorilla has $100,000.
Solana is doing that as well.
Yeah, it looks like he's giving back.
I wanted to pick Solana as a trade.
If I'm not taking Bitcoin, I'm picking Zeke.
I, the usual, Hype is, you want to pick the most liquid coins with the highest volume, right?
Because this is tailing Hyperliquid, right?
So it's
open interest, hype.
So a lot of open interest is only $270
million on hyperliquid.
I think Sol's one of the hardest assets to trade.
I mean, other than
the obvious short, or what I may call it
is, when it was at $100, he said this thing is going to
$70, and it did. But
on a day like this, where there's no clear direction,
I'm probably not touching Sol.
I would be touching Bitcoin, ETH, or Hype would be the only three probably
that I'm even looking at for this comp.
Yeah.
Do you know what would be fun to watch trade?
Sol is easy.
Easy trades on two things. is he he watches charts and
he does all his technicals and two is he's constantly trading bitcoin eth soul out under
performance so like if he sees move like those three charts are where he lives and dies uh
and yeah i think uh he'd be a one to watch because he's just constantly like.
We could have watched him, but he didn't make the top eight, right?
Yeah.
Yeah.
I mean, I'm not sure you did either, but you know, we don't have to go into the technicals here.
No, I did.
You know what it is?
I stopped trading the last three days because I was traveling halfway across the world stats.
Like, I actually tried, you know.
I mean, one thing that Shart says is he says his edge was that he he's toast shart says that his edge was that he would put on um he'd put on trades while he was
doing his work because he wasn't like that nervous he's like all right i can like give it i can give
it air to breathe you know but you could have gone like some 40x on an airplane type of stuff
and see what happens that that would be sick you get out gone like some 40X on an airplane type of stuff and see what happens.
That would be sick.
You get up there, like, especially you get up there.
There's probably a double digit percentage chance that the Wi-Fi is not working on a flight.
Yeah.
You know, so that can like really hurt a crypto plan.
Yeah, I don't have trades on when I'm on the plane just for that reason.
The worst NFT trades I've ever done have been on airplanes dude airplanes the worst it is that's starlink now but not all of them
oh no i mean it's yeah starlink where i live almost all the flights have starlink on united
but also vpns always work on planes and a lot of these planes don't allow that like emirates
a lot of this stuff is not allowed on their Wi-Fi.
Emirates is in some ways phenomenal
and in some ways
it's annoying.
So what's going on here?
This is the
loser's bracket.
So LMAO Kings
and Chicken
are both down 37,000
and they're trying
to figure out
who's going to be down less
with 10 minutes to go.
So what happened?
Did everyone just come in
with a short bias
and things popped off or why is everyone not? I think it's all right. I think uh with 10 minutes to go so what happened did i did everyone just come in with a short bias and
things popped off or what why is it right um i think it's just been reversing so like if you
tried to chase the trend so like bitcoin was going down then it reversed up and then if you
were a late long it just went down again so you so you lost um i think one-on-one is also so different versus like four.
With one-on-one, there's no advantage
to bucking.
Chicken just went
40x.
Very large short position.
500 Bitcoin short.
Is that what you're seeing?
If he catches this, he's going to do well.
567 Bitcoin Shorts.
Holy shit.
Eyes up 10K on it.
No way.
I think I closed that.
Yeah.
If you get 10K in 15 seconds, I think you take it.
You really just got to catch 1% trades at a time, 0.5 in 1, at that size.
So what time we got?
Oh, so now's the market open.
All right, so he's short until the market open.
Oh, interesting.
A little bit of a trade.
It's just dumb.
So I guess I'm going to have to play the reversal.
Peter Schiff says he's looking at a long-term bitcoin
short what else is there lmao kings has a huge pnl okay so lmao kings is up 22 upnl oh shit
oh see oh it's because it's it's evaporating though oh no
this is so much fun, guys. Is he?
I mean, I can't wait to watch Farouk, dude.
I cannot wait.
Like, we're watching their decision-making,
so he's like, he can't decide if he's going to do 100% or 67%. All right, so he closed 67%, it looks like.
Interesting.
Elemental Kings, so we've got eight minutes to go.
Let's check back in on the leaderboard.
Where are we at?
Oh, God.
Somehow these guys keep going down.
Maybe there's a little bit of a lag
because they both just made some good trades, I think.
Gorilla's still up 11K, so he's in the driver's seat.
How is Bitcoin?
So hype's flat. Bitcoin's right at 68k so
i mean kind of a flat open maybe pumping okay we're going up a little bit starting to go green
all right is anyone long storing puking ripping flying what is my see i i own most of my bitcoin via ibit so i experience it in like these different waves
it's like every morning it's you just have to wake up and see how down we were over the past
24 hours or basically over the past 13 hours it's just like a constant dose of depression
at 7 30 in the morning but ibit, but it's up 1% today, folks. Yeah. Let's call.
I got kids coming.
Who's trade is that?
Chicken NFT.
That was chicken.
I think this is where
I gotta go get my dog.
I think that's the only thing
to get my boy Shart's
doing well here.
Let's go get the rally dog.
We'll see if she can.
Rally dog,
of course.
El Mayo Kings is flat.
Interesting strategy.
Seven minutes left.
Perhaps doesn't want to chop themselves up.
Perhaps wants to wait for a final trade.
You can put a lot of trades on in 30 minutes.
Dude, it's crazy, right?
If you want to overtrade like you definitely can
it's going to be tight that second round if i make it so you're gonna have to fire on the open
try to build a lead and just run 2k.
Yeah.
That's probably what's going to happen.
Because the lounge is further from that gate.
Oh, Stats is back
with his dog. Look at that.
Rally dog.
Wait, you're muted, Stats.
Wait, let me see if I can unmute you.
Yeah, I got you.
There's a rally dog here.
She was licking my face.
Oh, my God.
She's so cute.
There she is.
Oh, two shorts.
50-70.
The rally dog worked.
Oh, no.
The rally dog.
What?
What trade did he put on?
Oh, wait.
They're saying it's finished.
All right.
Okay.
So, shorts won.
I have to go.
I have to go.
Good luck, Farouk.
Farouk, let's see this. Wow. Okay. So Sharts won. I have to go. I have to go. Good luck, Farouk. Farouk, let's see this.
Wow.
Wow.
We must not have been seeing his trades live.
It seemed like Gorilla was in the direct seat the entire time.
So Chicken and Sharts.
Sharts with the W.
Wow.
115 million volume. Look at that.
He put some trades on.
He made 50K
in 30 minutes.
That's pretty good.
I'm not going to lie. I feel like as announcers
we aren't even sure what was happening.
Well, for whatever reason,
the stream wasn't giving us the Sharts action.
We saw a lot of what Chicken was doing.
We saw a bit of El Mayo Kings. I think we got a lot of what chicken was doing we saw a bit of el mayo kings
dude but i think we got a good clip to cut of the rally dog and you noticing sharts was happening and
sims i think you got to cut that one up buddy oh yeah so we've got sharts versus chicken nft
and the semis i mean i'm loading the wagons up on two sharts i mean let's see here you got
wagons up on two shirts i mean let's see here you got you got a plus 50 versus negative 50.
i mean nada i mean he's probably coming out as an 80 cent prediction market's got him at 80 percent
yeah i think i mean in this game i don't know if you ever want to go above 60 40. right but no you
know i am convinced that there is a lot of skill to this game. Oh, yeah. Of head-to-head trading.
It's just I'm also convinced that no one knows what it is.
I've said that twice.
Do you agree, Tyler?
Definitely.
I mean, if Mando's on this board versus Chicken NFT,
I mean, he's 90%.
Yeah.
We're kind of regardless of market conditions.
So you've seen Farouk trade.
What's your analysis of how he does it?
He's not afraid to go big.
Yeah.
Yeah.
And, I mean, he does.
I mean, I think he's been perps trading, not like daily by any means,
but like he's familiar with perps trading.
Okay.
For his own like personal portfolio.
So he knows how to do it.
He has the stop losses,
all that, right? Take profits.
He did well.
I think he fell out of the top
eight in the last round because he was
traveling a bit, but
I think if he's not traveling,
I think he easily cruises.
Yeah.
I think he he's not traveling, I think he easily cruises. Yeah. I think he'll trade.
I mean, he kind of gave us a little glimpse, right?
He basically only trades at the top open interest coins.
So he's going to trade Bitcoin, ETH, and hype.
Yeah, I think it will be what he trades.
It looks like Bitcoin dumping a bit on the open.
So do we have the live for these guys yet are they live
so i wonder if the youtube was lagging a bit then um
from uh the other stream does he trade his own book a lot like are you i mean i mean swing it
with these big time leverage trades or is it all kind of like his side pot?
He'll swing a pretty big book around and I don't have total insight into his portfolio.
Yeah.
But when he's in it,
he'll,
he'll put big moves on and he's been doing a lot less like heavy leverage,
just like one X,
two X,
but decent size where,
where timing matters a lot.
So like him against vegetal i'd say he's like he's definitely like the 60 65 favorite yeah yeah let me let me learn a little bit about vegetal i got these
little write-ups here okay oh vegetal is the one from hungary 31 years old hungry been in crypto
nine years started as a longer term investor but actively trading and betting the markets for five years. I've been through brutal ups and downs, hard lessons, tough stretches,
but it's only made me stronger. And he's a meme line guy. Things you'll love to see.
All right. So that's, uh, that's Vegetilla. Who else do we got here? We got
Roxo and Tanue, whose name is Don. Um, let me give you guys the basics on these guys
tanue uh yeah these guys these guys don't give us much keep it close to the best he says i'm
excited to be here i've made it to the top eight in early rounds can't wait to show off my skills
oh one thing i like about tanue i think he oh i've always been interested
in recently diving to market analysis now there's one guy who said like talked a little shit he said
i'm gonna win this whole thing i don't remember oh we gotta find out who that was oh yes okay so
roxo says if i win this competition i'm gonna go 40x leverage the full 1 million right from the
start and just pray for a bottom tick i don't take things too seriously i specialize in meme coins but every now and then i try out
leverage to improve full-time oh roxo is a full-time crypto trainer that's all he does for
his family five years of that that is not the life i want to live all right we're getting some
updates out of the discord it looks like folks trying to track down what two sharks is trade was.
He's saying it was a 1 million 40 X on Bitcoin.
So he must've hit it.
I'm going to try to get the,
I'm going to see if I can get grill on to join us to debrief.
That'd be awesome.
On what happened.
Let me ping him.
I wonder when we're starting the next round. Yeah.
See, I got this. Oh, five
minutes. All right. What did he say?
We're going to start in six minutes. All right.
Give me one second. I'm going to tweet about that shard sending hold on and i gotta sneeze so checking in on markets here live
while we wait for the next round to start looks like bitcoin selling off a bit on the open or at
67.7 still green on the day eth 1980 up a percent on the day uh kind of flat i think so far on the open souls 81 13 hype
one of the top movers on the day 7 i don't know folks quickly quick side if you saw this bear
action yesterday bear uh the bear chain token out of nowhere went up what was that 150 percent
yeah they had some kind of unlock announcement.
I think it turned into a short squeeze effectively,
but yeah,
it jumped 150% there in about,
I guess,
of course,
over the course of like four or five hours.
And then with the huge move in the afternoon,
and then it gave half of it back already.
So it also was,
it was a tremendous long and then a tremendous short. So for those who are in the afternoon and then it gave half of it back already so it also was it was a tremendous
long and then a tremendous short um so for those who are in the perps trenches like there are traits
uh certainly to to be made all right looks like we got gorilla let's get them upstage crypto
gorilla man we thought you had it i was robbed i was robbed sail I was robbed. Saylor was working in conjunction with two shards there.
That has to be what happened.
Yeah, dude.
I had a Bitcoin long open too with the target of 68.1, and it literally hit.
But I had closed it just thinking like, okay, I got to do three trades.
I had the live stream open on another screen just to hear things.
In my defense, the timer was wrong.
I was waiting to the last two minutes to full port.
If he passed me because he was way down, and the timer was wrong.
So that kind of triggers me a little bit.
But no, overall, it was fun.
I mean, I'm literally just gambling, dude.
I have no idea what I'm doing.
I'm just throwing in longs and shorts.
I was going to ask, did you have a strategy going into it?
Did you have like a coin specifically?
Like, was Bitcoin your primary target?
Like, how are you?
What was your plan coming in?
Bitcoin and Sol hype were the three that I was planning to trade.
You know, I was looking at some charts this morning.
I'm not like the big, I'm still learning.
Like, I'm not the biggest TA guy or anything.
But yeah, Bitcoin and Sol, I thought, you know, it's going to be close to us open so we're we're
either going to make a dump or make a pump and uh yeah did you think much at all about the the time
constraints so like maybe staying flat for the first five minutes or like what what windows of
the 30 minute block to make moves were you thinking about that much at all a little bit um i wanted to wait hold off but then i was
too worried like if i if i miss him if i wait if i don't trade the first 10 minutes and then he's
way up like i'm gonna be i'm gonna only have 20 minutes like it's gonna be rough my other thing
i was planning to do was just not trade at all and then they added the the rules so i was like what if i just let him out trade himself and i don't take any trades yeah i'm happy they put the rule in i think we
do want to see folks making trades in a trading comp but you're right like you have to you can't
have any locked strategy with respect to the time constraints because you do have to play the market
a bit like if the big move is the first five minutes like that's what you got to trade yeah and then you're stuck
because if you're just chopping sideways after that the fees are going to eat you alive right
um so what was your big trade how much do the fees impact p&l on something like this
uh my first trade my fees were were 3 500 oh wow yeah i'm not exactly sure how it works because the second one and third
weren't as much but uh the first one i guess because i went so heavy with leverage and size
it was uh it was big yeah i think make like 40x million dollar trades
yeah it's pretty quick i think yeah um but yeah you had a pretty big trade on open at one point where you
pnl was like above 20. yeah i should have closed the early one and then i would have been at 25
but even that i feel it would have made me too complacent because i was trying to so i was trying
to hear what his pnl was off the stream but he said he had problems with his computer so they
weren't able to see anything but i was looking at the leaderboard um which updates every 30 seconds i believe
and uh like he was way down and so i just i thought okay i'm i'm safe you know i should
have figured he's going to just full port one way or another and it's either going to work it's not
or he's going to get liquidated uh and it ended up working so I should have prepped for that and probably just put a full portrait myself.
I talked to the review booth in New York, and they said that you should reach out to them and you're going to get a trade fund of your own because of that timer issue.
Appreciate it.
Appreciate it.
A million dollars?
I was like, publicly, we got to go full Donald Trump here and say it wasn't me.
There you go.
But instead, they're admitting that there were some glitches and want to compensate you for that.
It happens.
It happens.
I appreciate it.
I will take a free million dollar trade fund.
Yeah.
I mean, you know, so you got friends in high places.
Grill.
I thought the chest pounds that were happening.
That's like the best signature move in the space.
I'm not going to.
I don't know anyone else who's got a signature move that kind of compares
to that.
I like it.
Five years in the making.
So are you rooting for two shards at this point?
Are you rooting against him?
Like who's,
who is your,
your horse and the two shards chicken.
I got,
I got to go for Rook,
dude.
We're,
we're,
we're,
we're from the same,
same city,
you know?
Yep.
It's the Battle of Montreal.
It's the Battle of Montreal.
But Tom Brady didn't root for Drake May.
You know, you don't always love the people who represent the same place you do.
I mean, two shards took me down. I can't be, even though I want him to win, I can't want him to win, you know?
Oh, yeah.
Two shards.
There he is.
There he is. Look at that. It's got to hurt he has more than more
hair than me up there i see yeah come on yeah that's what that's where we always you know
lose is when someone beats you and has a forehead of hair there you go that's the one-two punch
what do you think what if you could do this again now that you've got experience so one thing one
thing tyler and i were saying is that live trading
is something that probably has a lot of skill,
but no one's done it enough to know.
Now you've done it once.
What do you think are the takeaways
if you were to actually kind of have to do this more in repeat?
I just try to focus more, close the stream,
not worry about, you still do need to check on your opponent,
but maybe just have the leaderboard on the side and not worry so much and do need to check on your opponent but um maybe just have the
leaderboard on the side and not worry so much and just focus on the trades and i think be more
aggressive with profit taking i saw their volume was like 10x my volume as a cab i probably just
wasn't trading enough because i was worrying a bit too much about fees as well that's probably
smart over time you know because on this type of time frame trades can go either way exactly what about bitcoin versus some of the squiggly stuff um i i'm kind of even with my
like spot holdings i'm pretty much like a bitcoin and and hype maxi at this point i really don't
venture out into other tokens so i mean i'm like i said i'm still learning all the trading so i haven't ventured out into i heard one of the traders went for some i don't remember
the name of the coin but he went for some random coin in my head i'm like how do you even pick that
yeah yeah yeah no he shard says that when he to get here he did a lot of oh we're live we're live
yeah that we girl i'd be curious your take kind
of watching this like looking at this bitcoin charl what do you think you're putting on right here
flipping a coin he's flipping a coin this is a turkey window yeah like it dumped to 67.4
i think i'm long he's going short right now maybe no he's going long he's going short right now. No, he's going long. He's going long.
Here's Faroq.
All right.
Faroq's going to about to do 5 million short.
I mean, it feels so counter religious for Faroq to go short.
And a veg,
it's just long.
All right.
Veg putting a $10 million long on,
on ETH.
It looks like we'll see his entry. All right. So he's long. Here's Faroq10 million long on ETH, it looks like. We'll see his entry.
All right, so he's long ETH.
Here's Farouk focusing at the airport.
I love it.
I love that Farouk's like, put my face on.
He's also on ETH.
Oh, he's chatting live.
Yeah.
All right, so he did what he said he was going to do.
So he put a quick trade on.
So he probably got his his million down so now he
can just kind of focus and everyone out there should see that at live dash at 100 ace trader
live i'm sorry at for ace trader 100 live dash 50 you can go get a free chance of getting your
own trade fund so if you go out there you want to start working on your trading with that promo code,
you can get a free chance at,
get me lens money and all the,
all the money that you get.
If you get a fund is real.
It's from our balance sheet at me mind.
and we're basically just trying to say,
if you're a good trader,
prove it to us and then we'll give you some money to trade.
And,
you keep,
I believe 80% of the profits when you get that fund
so go get that yeah my money he said not 90 with me when you pay with meme coin but this one's free
so 80 oh is it 90 all right if if you pay with meme coin do you have your own promo code girl
uh i i do okay let me show that is that for a free one or is that for no no no that's a discount so they're
better off using uh rugging rugging their own influencers looking for up open off the camera
this is incredible i don't know he looks happy to me is he i thought oh i couldn't tell i thought
to me i saw like a little bit despair in his face just now all right he's really pulling up
sleeves oh man i want i kind of want to keep the camera on him here.
I do, too.
Thronek is an entertainer through and through.
Folks are flat, it seems like.
So, Roxo's flat right now.
Oh, no, they're on.
Okay, so they're down.
Looking through his trade history.
He's already made five trades.
Okay.
Focusing on Bitcoin, it seems.
I'll be right back.
Don't, don't kick me off though. Just keep me happy.
Yeah, we'll keep you around.
Um, 25 minutes ago.
So we're in the first five minutes.
No one's really doing anything too spicy just yet.
Let's check in on the leaderboard.
All right.
So Roxo is in in first up 1100 and then faroq is winning by losing less
than than veg so faroq's down 1100 veg his opponent is down 4590 uh with this now just
having kicked off bitcoin 67.6 and this is a tough note to trade i mean look at this it's
basically flat it's dropping dropping. Yeah, market.
I think I was luckier leading into the market opening.
So there's a bit more volatility.
You guys did have a decent amount.
This group is going to have to hope for the reverse slam.
But which way is it going to reverse?
So typically, I mean, for all of Q4, 10 a.m. Eastern,
the folks aren't familiar with this reverse slam I'm talking about.
Like we just sold off every single day, 10 a.m. Eastern. The folks aren't familiar with this reverse slam I'm talking about. Like we just sold off every single day, 10 a.m. Eastern.
And typically what happens is it's like the counter move to the open.
So like if you're green the first 30 minutes,
the reverse slam takes you the other way.
But I guess what are we on the market open?
What are we here?
Let's take a look.
So I guess we're green.
So maybe you go short for the reverse
slam. How are stocks? Let's see. Stocks going the right way. Okay. Stocks sold off in the
open as well. So the futures were green. NASDAQ's red now. I think today kind of feels like it's
just going to be like a chop day. I think tomorrow there's some CPI, I believe, is coming out tomorrow.
We do have Coinbase earnings tonight, which will be an interesting one.
But let's check back in on the live trades here.
Let's see what we got.
Roxo's in first, but their open trade looks to be in.
All right.
Their open trade's doing good now.
Ooh, moving. All right. Their open trade is doing good now. Ooh.
Moving.
All right.
What's he got on here?
He must have a big Bitcoin.
Is it a short?
I closed it.
Oh, wow.
11K realized.
So, Roxo, I believe in a commanding lead now after that trade.
Let's see what the.
Yeah. So, he had a 15x Bitcoin short on it looks like.
Curious if we can get the pan over to Faroq,
see what he's doing in this market.
I imagine he's waiting for the open.
This is my read on this.
Camera loves Roxo.
What do you mean?
The big move will come in eight minutes.
Yeah.
Roxo's
surfing the web.
Comfortable in his lead.
Alright, here's Tanu.
Tanu's got some green on the board.
10K, all right.
Looks like they are flat, perhaps as well.
31.27.
Interesting.
Toggling over to the one-minute chart
as one needs to do
in a 30-minute trading challenge.
Oh, how's the Izuki?
Didn't even realize that.
Yep.
Don.
Gorilla, you're still on the NFT streets. were you paying attention to those mega eth mints over the last couple days a little bit uh i tried for mega nachi but i missed first
come first serve it minted out too fast and then i minted the w the netizens uh those hit like 0.1
from 0.03 i'm still holding one and then i have a bunch of
i mean i have like 10 bad buns um i have a bunch of like they were on main net they're gonna
port over nice i mean it's always positive to see some winning trades in the nt streets
so a couple good trades a little bit of momentum building on on mega eats so yeah
so tyler why was beast talking about like getting a refund on his mega eat and it being a rug like
what was what are we talking about here i think there was some concern that the the kpis tied to
their token launch mega came out we last week and said they're not going to TG and launch their token until they hit one of these three KPIs. They have to have 500 million in USDM or 10 apps live or three apps making 50k
in daily fees. 10 mega mafia apps with 100k transactions and 25k wallets on every one of
the 10. There you go. Good clarification. For 30 days, so the first one and last one,
it's 30 days consecutive.
So if they miss one day, you restart.
The second one, the 10 apps live with the volume and all,
is just as soon as it happens.
And then when any of those three happen, it's seven days,
which personally, I don't mind the KPIs.
I haven't looked at how well they're doing
because they do have a tracker, but I don't mind. It's. I haven't looked at how well they're doing because they do have a tracker,
but I don't mind.
It's better than like an arbitrary date,
whether they don't hit it and they have to delay and everybody starts
getting mad.
And then they're like,
we're going to wait for better market conditions.
I don't know.
But the,
the refund thing is I didn't see if there's any recent tweets,
but when they did the sonar round,
he full ported with,
the, I think the one year law, he's in America, I guess so he had the one-year lock and then he tweeted like oh i didn't think i was going to get the full
allocation like 186k i need to to hedge this and then he was looking maybe to sell it otc and they
like publicly took away his investment because they're like that this is against the rules that
we set out so he lost his whole investment which now're like, this is against the rules that we set out.
So he lost his whole investment,
which now people are saying maybe it was the right move
because it's trading at like a billion pre-market.
Tough market conditions.
I was a fan of the KPIs.
I do understand the grievance that it wasn't known during the ICO.
And perhaps folks wouldn't have. But at the same time for me, if you buy during the ICO. And perhaps folks wouldn't have.
But at the same time for me, if you buy into that ICO,
you want the token to do well.
The only way for the token to do well is for them to hit these types of KPIs anyway.
Yeah.
And this is not a market where you're going to get your quick flip on TGE
and get out.
So I think we're all, you're in it for the longer haul,
whether you like it or not at this point.
All right, let's check in.
Roxo's lines.
You want to talk about some astrology here?
He's got the full color spectrum.
I'm not even familiar with what that is.
Perhaps showing my lack of expertise
in the perp streets.
All right, we got a Zeke trader on here.
Tanu, looking at Zeke.
Oh, man.
I was deep in the Zeke trade for a while there.
But I just do not have a read on it now at all.
It was easier to trade when it was going straight up.
Just let me say that.
Straight up's always a good trade.
And now, like, the...
I don't think the privacy narrative or concept has gone away by any means,
but the trade has lost its steam.
So are you comfortable holding it in a chop range for a year, a couple years?
I think you have to be.
And I also don't have a read on, like, how it trades.
Like, there was a while where Zeke traded counter to Bitcoin. like if crypto majors were green Zeke would be red if crypto majors were
red Zeke would be green and I feel like it's kind of lost that so that's why I've effectively stopped
trading it but Tanu is going to take a shot it seems they've got currently a trade on minus
1700 let's let's check in on the leaderboards.
We're at least 10 minutes in, probably more.
Oh, here we are.
Everyone's green.
Wow.
All right.
So Rocko.
We got a real battle here.
Rocks O'Tanu are within 2,500 of each other, 1,500 of each other.
Oh, Faroq.
No, Veg.
Veg heard our commentary.
He took it to heart.
He's up 12K on our good friend Farouk here.
He's putting some trades in.
Guess the full port.
Farouk.
All right, you got two minutes to the reverse slam, my friend.
You got to put it on.
Let's see if we can get a live glimpse.
Is 18 minutes left?
Is that right?
I think I was on a lag earlier, so I want to make sure I'm not,
I'm not still lagging.
Tano's still looking at Zeke.
Stas, when's the last time you put a trade-off?
Stats, when's the last time you put a trade off?
You know, I will kind of add and subtract my Bitcoin position on Robinhood.
So I'm not like out there doing perps that much.
I should just to get in the game a little bit more.
I put on a long hype position as well.
But I just don't do the in and out.
You know, I kind of like don't think I have an edge. don't really know enough about ta i got the wrong mentality too i'm kind of like someone who
if i'm losing a trade i don't know i kind of like i my dad's mantra is buy high buy more higher you
know like just momentum which is kind of the tyler mantra too though right buy buy high buy more higher
yes like you you just love a good runner right right? But for me, I just don't
trust myself for this to be a game I win. So if Bitcoin's pumping, maybe I'll buy a little bit
more because then I kind of get wedded to the bull narrative. And I went along a little bit
of hype on Robinhood recently. I try to do most of my stuff. All these attacks are starting to scare me.
I'm trying to keep my stuff on.
I like the ETS, Robinhood, stuff that feels a little safer,
especially since we're all public.
I just don't want to have a lot of stuff on the ledgers or whatever as much,
which is kind of counterculture.
Even though the U.S. hasn't been that bad hit,
but all the stuff going on in France and there's an attack in San Francisco.
I do most of my stuff on Robinhood hood or like centralized exchanges or like vanguard stuff like that real quick broke with a new trade on 4k he's got his
finger on the trigger is he doing hype oh this thing is pumping what is he must have a hype on
a big one all right close it
okay he needs more, especially with the fees.
His opponent was at $17,000 profit.
I think he's going to be there.
That's why we got Carrillo on the show, though,
because he knows the fee impact.
I think you're honest with him.
So he only got $2,800 in that.
Oh, you got to really have it.
Okay, so Farouk, he's close.
He's monitoring the leaderboard himself.
All right, he's down like 30.
He's within range. He's at the leaderboard himself. All right, he's down like 30. He's within range.
He's at 3,500.
All right.
So we got about 15 minutes left, according to the clock,
on our ace trader stream.
Oh, he's looking.
He's not sitting on his hands by any means, folks.
He's looking for the trade.
Roxo still has his magic lines in the chart.
I have no idea what these lines mean.
These are incredible.
We're going to have to try to get Roxo on.
I need to learn more about this astrology that he's playing out here.
So Bitcoin looks like it's pumping.
So this is the reverse slam might be the long.
We're going to find out.
Do we have an updated leaderboard? Let's check in. There we are. Oh man, this is tight.
This is really going to go down to the wire. 13 minutes left.
Fire, 13 minutes left.
Roxo up 1,500.
Veg up 2,400 on, 3,400 on Faroq.
And that's one trade.
Well, we don't know.
It looks like their account values are roughly the same.
So there's not a whole lot of UP&L sitting in here,
which is good for Faroq.
Let's get live.
I don't think we've seen a whole lot of veg.
I wonder if veg is having some connection issues.
It's a little bit of an edge for folks not to be able to see what you're doing.
Right?
Right?
That's with two shards.
I kept looking at his.
I was trying to stream snipe him
and it wasn't working and i'm like this is no fair yeah
stats is the team talked about like the the copy trading aspect of this so like if the winner is
we've talked about it but again it's kind of like every now and then you just drop something in the
wild and see what happens yeah you know it's like that that it's kind of like every now and then you just drop something in the wild and see what happens. Yeah. You know, it's like that.
That's where I think if this became like a real sport, you would start to see some of
those strategies and defenses against it pick up over time.
But, you know, they say in chess, you know, the copy trader is always one step behind.
So I think the person who's kind of has a view and takes bold steps is,
but yeah,
like if you put on a trade and the other guy sees it and you're down a
tick and they copy trade you like,
yeah,
like maybe there's real strategy there.
That's actually really smart.
Yeah.
And I was thinking about more from like your,
your viewers, the viewer perspective
right so like if i'm watching like gorilla trade is public fond
either i'm watching for entertainment or i'm watching because i want to copy trade him
yeah for the most part oh you mean the impact of viewers kind of pumping a trade and like kind of
we're not necessarily even pumping it but just like that's the end like that's some of the information they're coming for
right yeah yeah no we have this is why we need to hire you as a consultant Tyler we haven't really
gone that deep yet but on something like bitcoin obviously doesn't matter but like if you on some
of the more on some of the more frisky stuff. Yeah, there's probably some there there. Oh, 100% of that. If you play memes, forget it.
How is Farouk doing?
He's within 3,400 the last time we checked the leaderboard.
It looks like Veg...
I can't tell if Veg has a position on it or not.
He's watching this hype chart,
which, interestingly, is what Farouk is as well.
So I wonder if Farouk is...
He's probably copy-shitting Farouk. I don't think Farouk is as well. So I wonder if Farouk is.
He's probably copy trading Farouk.
I don't think Farouk is.
I don't think Farouk is copy trading someone else.
I mean, I don't think he's got that level of attention to this game from the Hong Kong airport.
Yeah, he's on a laptop.
I imagine at the airport it's uh
kind of hard to manage everything flipping coins man he's got a he's got a five hong kong dollar
coin out there he's uh oh they couldn't sell him off here it looks like i feel like a short move
is never good for farroque though because the man just does oh god well did he just full port no we
you want to be short here or or is for i feel. I feel like it's never good for Faroq.
It's just a permanent ball.
His trade didn't go through, I don't think.
All right.
Is it going to continue?
He's going short.
This is not a pretty good point.
It's a little late.
He missed a huge wick there.
He's waiting for it to open.
All right, so if you're rooting for Faroq, you do not want to open. All right.
So if you're rooting for Farrokh, you do not want to see a green candle.
All right.
He's still waiting for it patiently to see what, let's see the,
the position he got, what it opened at.
I think his screen is just frozen.
There you go.
Oh yeah.
He lost internet.
Oh no. That may yeah, he lost internet. Oh, no.
That may be a good thing,
though, if he's got something on or if the other guy's got
nothing going on.
What?
Where's that Hong Kong Wi-Fi, dude? Come on.
Let's just hope it's that and not the website.
Oh, all right. If his trade went through.
All right, he's up.
He's up. Let's go.
Let's go.
Oh, no. It's evaporating, though.
He's not going to get enough.
You can hear him.
So what did he get?
Internet, man. Things you hate to see
is technical error.
Now, big one.
Oh, he closed it terribly.
Oh, wait. Wait wait he lost on that
probably the fees he max ported 40x yeah he probably paid like 5k in fees or something
uh the internet hurt him a little bit there all right all right so roxo's got a couple negative
positions on so he must be yeah how does that work at the end if i have a negative position can i i
can't just leave it open it's force closes yeah unrealized becomes realized at the end if i have a negative position can i i can't just leave it open it's force closes unrealized becomes realized at the buzzer okay
i've thought and i'd be curious to hear from more deep experts like is there a way to go about
like just more of a delta neutral play and just hope effectively it's like if you're long you still have to have some kind of a bias
i think the the like in hindsight um with the one million dollar fund it's one million dollar volume
i think that needs to be raised because if i would have hit it i could have hit it on my first trade
let's say i would have luckily made 70k i would have just opened up two more trades one x leverage
one dollar and then cheated my way through you know yeah yeah i addressed that when they said
like three trades because number of trades doesn't really matter it's i mean maybe they should just
put fees to a trade even if you just trade a buck like a minimum fee that actually kind of
hurts it makes it not irrelevant but my bag's
not liking this move though or rebound i was having more fun at 68 than i am at 67.2
it feels like it's hanging out in the chop zone i mean that's the problem right now it's like 68
is the new 78 and 78 with the new 92 and 92 became the new 105 and 105 is
the new 118 and it's just there there's just zero appetite for us to push this thing sustainably
higher right now it's not great it's not i had like two friends who are big fund managers guys
who run over a billion dollars like really in the game who like pinged me about sailor being a fraud
after his interview.
Do you know what happened on that interview?
I didn't watch it, but everyone's like,
this guy's such an absolute joke.
What were they talking about?
Do you know?
I did not watch the interview.
I actually really haven't seen that feedback
other than just like the folks
who are just constantly kind of railing on the...
This is more my life.
Yeah, these are traditional finance guys.
We're not.
Who'd probably be a bit critical of a lot of the stuff that we engage in so maybe maybe don't read too deep into it but he continues with the rhetoric he's gonna keep
buying every quarter forever right he's yeah he's got enough cash on hand for two and a half years
i think it's easy to dog on sailor and tom lee right now that they're down
you know anybody could but they'll be the heroes if it works out and then they're up 20 billion or
whatever it is what's the quote live long enough to die hero or something like that you know either
die a hero or live long enough to see yourself become the villain yeah yeah oh veg i mean if you're gonna
go public if you're gonna go public and buy five percent of ethereum at all-time highs yeah
dunks will be happening sorry yeah i mean it's a it's why the trump sons i i feel for him like
why are you guys putting price predictions in tweets yeah it's just no one's gonna care when
you're right and everyone is gonna permadunk when you're right. And everyone is going to perma-dunk
when you're wrong. The whole thank me later, the whole thank me later from Eric Trump was
one of the, um, I mean, whatever it got attention, whatever, but what, what, what a bad look.
The Dow's at 50,000 and you're talking about Eric Trump price predictions.
and you're talking about Eric Trump price predictions?
You nailed it, dude.
I love it.
That's going to be an epic meme phrase there for a while.
Five minutes to go.
Is there a meme coin for that?
I'm tweeting it.
Oh, good call.
It wasn't trending this morning when I ran the minutes,
but it should be.
So five minutes to go. Veg is up 5K or so on Farouk.
We're seeing some wild swings.
So Veg had a minus 8K trade on, but it looks like it got back to even.
Then he was up big, but then when he closed it with fees,
it basically went to zero.
So Farouk's got a small window here.
He's got to be making a move.
I'd love to check in on him, see what he's doing.
Here's Roxo, who's also in a pretty tight battle.
He's watching the Bitcoin chart.
Oh, he has a current position.
He's got a 20 Bitcoin position on him.
Ooh, Tanu's red across the board.
That's not looking great.
The Dow's at 50,000 and Gorilla's talking about a
timer?
I almost said that earlier, actually.
But our conversation
went a different way.
All right. Tano's in trouble.
He just closed. He's at minus 2,400. You better
swing. You got to swing big here, Tano.
Swing and pray.
10X is not going to be enough. 17. Come on. We got to swing big here, Tanu. Swing and pray. 10x is not going to be enough. 17, come on.
We got to get 40.
I am curious.
How do you pick 17x?
Man, this looks like
a pitcher's mound, this chart here.
Just a complete
reversal from the first. All right, here's Farrow.
Oh, no.
I think he's out, folks.
Shoot. No. Farrow's the kind of guy you want to see make the final.
I mean, a big position.
Okay, he's going the right way.
Is this where he did the 40X?
He's short 20X.
Why 20?
With a million.
But it looks like he's short at the bottom.
Shit.
So Vegetilla from Hungary.
Looks like it.u's looking at
Bollinger Bands
you got three minutes
to figure it out
Tanu
and what's Tanu's
appointment
or opponent
oh Roxo
yeah I think Roxo's
got a
fairly commanding lead
yeah let's check
with three minutes to go
where are we at
about 20K apart.
Oh, God.
Yeah, Froak needs a miracle.
Froak, we got that 40X.
This is no time for 20X.
It's no time for caution.
Exactly.
Oh, he's moving.
It's a bad day for Montreal.
All right.
We'll watch the final 90 seconds live here
roxo's he's oh yeah bitcoin's pumping so froke's in trouble oh roxo's closing he's got it he's got a locked down another 11k trade he's up where he goes to the beach he goes to the proverbial Ace Trader Beach.
Farouk.
Wait. Wait. Oh! What happened?
He must have switched along. He's 34k P&L.
Close it. Close it.
Get the close.
Get the close. 50k.
Farouk has a 30,000
unrealized gain. Are you kidding me?
I think he still had a loss.
He must have had a terrible
loss before that oh put another one on he's still minus 46k what how bad down was he all right slam
you got a minute slam it come on
oh no he must have been down 100k
30 seconds do we have his video?
And what's Veggie doing here?
I think Veggie's flat.
Okay.
All right, there's Farouk.
You got to put it on.
Tanu's making a comeback as well.
Wait, I almost feel like the algo feels weird.
If it was up 30K in that trade,
and he's down 4.6%. Because he was down $62,000, and then with the fees, he only made like $20-something.
Yeah, those fees are really relevant.
They each should.
All right, Farouk, you got to put something on.
Dang, big rally on Bitcoin here, $67,000 to $67,400.
It's 50 seconds. Yeah, yeah it's gonna be true he he had to he had to keep the long open and i understand why he closed it and we were yelling at him to
close it damn it he's down 60. i feel like when you're in this position, you just got to let whatever trade you're on sit so you're not getting feed
and hope you just get a candle.
20 seconds to go.
Yeah, it looks like it's...
Veg is going to pull it out.
It's going to be...
Oh, you know what?
That means no elites.
The elites are gone.
The elites are gone.
Congrats to everyone who had the plebs.
The public.
Yeah.
I would take it.
Sorry, Farouk.
We had your back.
We wanted you to win.
And you just couldn't quite do it.
And time is up, unfortunately.
All right.
So Roxo and Veggie, they both got positives.
All right.
So three of our four-seam and finalists were able to pull returns in the quarterfinals.
Roxo pulls 14.5K.
Veg pulls 15.7.
Two Sharks, 57.
Wow, big dog.
He's the number one.
He's the favorite headed into the semis.
He has to be.
And Chicken NFT crawls in to the semis with a minus 49K P&L.
That would have lost to a lot of folks, but was enough to beat LMAO Kings.
LMAO, indeed, Kings.
I mean, Gorilla, I said that in my tweet.
I said, you know, any other opponent there, you win.
All right.
Folks, stay tuned.
I mean, go get a water, water go get a coffee go to the restroom
10 minutes semi-finals we're gonna run this all back are they both is it gonna be both of them
live are they two different competitions i'm hoping they're both live yeah that's true i agree
um but it's not hard to it's right it is a hard sport to commentate. What do you think, Tyler? I mean, what's your view on
this kind of being one of the first ever live trading one-on-one 30 minute competition
commentators? Uh, I don't think it's too bad. I wish I knew a little bit more about them
personally. So I think you've got a little bit of the edge having talked to some of these guys.
It was fun commentating for just as someone I know, I know their training style a little bit.
Yeah, fun commentating for Oaks.
This is someone I know.
I know their trading style a little bit.
For sure.
I think also, like, let's zoom out for a second.
Not the most exciting morning of price action.
No, no.
I mean, we basically.
If you zoom in enough, you get candles.
Of course.
But, so, like, we started at 8. It was 68 K. We had a brief spike 68 to one. So we lost a
percent. We're talking about a 1% move, not terrible. And now like a half a percent rebound
on Bitcoin majors. Um, I just sent you my spreadsheet. I just sent you my spreadsheet
with the interviews of all these guys, if it goes through.
All right, I will.
But again, you know, crypto bros aren't exactly the best introspectors
when it comes to, like, a survey about why they're doing what they're doing.
You mean the folks with cartoon PFPs who are all pseudo-anari?
Who decided to move their life to trading candles, yeah.
What was your prior career, Tyler?
Were you a consultant?
I was.
I was a consultant.
I did some tech consulting for a while,
then kind of went banking and then got into compliance.
I actually was doing AML, anti-money laundering consulting, for a bit.
Ironic, given that now you are promoting the money laundering business.
A longer conversation, for sure.
You certainly see how much money laundering does happen through the traditional banking system.
Yeah, fair enough, fair enough.
And you also see a lot of the regulation via enforcement,
which is also kind of happening in the crypto space,
which I think you could argue is done with good intent,
but could perhaps be done a little bit in a different fashion.
Mark Zuckerberg putting his feet in the sand here.
He relocating from California to Florida.
Billionaire tax. They don't want to pay it are you reading are you reading much into that i think zuck moving's a big deal i mean he uh
he i mean he's got his hospital in san francisco he's kind of always been a give
back staple of the community up there so for him to move i think that's a pretty big statement
i mean again far be it for me to truly trust Calci's intern
as far as a place to get my news.
For some reason, Calci's like, I've been quote-tweeting Calci a lot.
Like they're doing something where I'm getting stuff
that my caffeine mind wants to quote-tweet.
Yeah, I think Chamath has gone really aggressive on this uh anti-california run and i
you know bored elon musk is in my feet a lot talking about how california is not working for
him so i see that a lot and uh yeah it feels like a big move it's interesting timing right
it's like san francisco's seems to be on an uptrend and granted I think the online narrative
was Brooks.
I visited in September.
I've been to San Francisco
five or six times.
Not to the degree I know you went to Stanford
so you're much more familiar with the area.
I lived in San Francisco for two years.
When I worked at Goldman Sachs
the first two years were in San Francisco.
And then when I worked at Goldman Sachs, the first two years were in San Francisco. And then when I worked at Uber,
I would go to San Francisco for like three months at a time.
I never loved it, though.
I felt like whenever I went there at Uber,
everyone was writing.
It was just like,
every tech crunch article was about how we were sexist and awful.
And I was just like, get me out of here.
When you're running the business in Asia,
no one cares about your... If we were sexist and awful people would care but we weren't and uh in asia
people kind of just like oh awesome new business fighting the taxis yay you come back to san
francisco and people are like well i heard that in a conference room there was someone who said
this and then hugged an employee when she walked into the room and i'm just like get out of here yeah it's someone a handshake which was a touch which is something that was good you know
i don't know dude it was a little over the top my take i think san francisco is a beautiful city
food is don't play this back when i run for office okay sorry your take go ahead we'll delete
we'll delete the footage. Beautiful city.
The food's incredible.
I think it's one of the more,
probably one of the most scenic places to live in the entire United States.
And of course,
like the whole AI tech boom is there.
I think it's a great city,
but the vibes just aren't for me.
I went there a lot in my 20s.
I was a guy who frequented establishments
late into the evening and this the i
never really vibed with the the folks there but yeah it's an extremely extremely unique geography
i mean like lombard street is like a freak of nature like the rolling hills the fog the bridges
like it is a very cool city uh but yeah it's, I kind of agree on the vibes.
I was also 23.
I missed college when I lived there.
It just wasn't...
Then I moved to Hong Kong and kind of got my life back
and things became awesome.
But yeah, I've never been pumped about being in San Francisco.
Do you think the billionaire tax thing is a very slippery slope?
I don't know enough about it, to be honest.
I don't know the deal.
I find stuff like this can get sensationalized pretty easily.
One thing that's interesting, for all the hate Newsom gets,
he is one of the most popular governors in America.
For just local polling, like Californians,
he has a pretty high popularity there.
But I don't know enough about
the details of the billionaire tax to have a strong view but i'll check it out for our next
feed get an opinion the image of newsome dining in french laundry while california was locked
down for covid is is ingrained in my mind yeah i'll never go away yeah yeah well i'm i'm surprised
he's so popular given that yeah like i feel feel like that's actually something ingrained in the public psyche.
Or, Tyler, it could be very possible
that I read a tweet that says he's popular
and that tweet was not real.
As much as I love our beloved, beloved platform.
How does he keep winning if he's not popular?
Yeah.
I mean, he's popular enough to be
the number one dim presidential candidate in what's going to be arguably the most important election in American history.
Most important election since the last one.
Where we're going to, we're on the precipice of 10 to 50% of white collar jobs being wiped out.
If you listen to Dario and something is happening essay.
Yeah.
Which I'm curious if you have a take on all that stats.
And I think you've been,
just a,
you've been playing around with this new iteration of AI models.
And then if you have broader exit,
existential crisis thoughts on what's going to happen to the white collar
workforce.
Um, man, you know, it's hard not to like, the job numbers this past year have been horrendous.
And I, you know, and people like to dunk on whoever's in office for that, but I just
don't see how I'd rather talk to chat GPT than most humans. So then why wouldn't every workforce just get rid of their customer service
and replace it with ChatGPT?
It makes sense to me that so many jobs are getting replaced
at the blue collar level.
And then what are lawyers doing now?
We've become a world where a lawyer is feeding a doc into ChatGPT,
sending it to their client. Their client's feeding chat gpt asking for it like we've literally just become
little like chat gpt machines moving stuff into it giving it to someone else who reads it from there
so you would think that if i'm starting a business how many people am i hiring
like if i'm if i'm like running a new law firm do i need as many people as i used to like do i need
as many assistants like You have to think
that white collar jobs are going to take a huge hit. The only thing that I say on the other side
is just how unsatisfying I find it to get comments from chat GPT or from AI bots. At my core,
I want all my interactions to be with humans. If I see a comment on my feed and I know it's an AI bot, I immediately delete it.
Even if the bot is smarter than humans.
And that's kind of interesting to me.
It's like the bots, the AI swap is smart, but we don't care about their opinion.
There is something I find that we actually want real human interaction and real human opinion.
I went to a concert last night.
I don't know where
where you just there there are places where i think there's connection but there is a lot that
i feel is going to go downhill that was a ramble that was a liquid death energy drink
what uh what what do you think tyler so the last thing you mentioned is a really important point. It's like everyone hates AI written content.
And like the second you see someone has posted something that's obviously got like the M dash or is obviously AI written, like you just turn off.
Yep.
So explain to me how a company is going to only run via AI agents, but everyone's going to be perfectly comfortable working with the company
that's all run by agents i guess the if the your response is well they won't know all right uh no
they will i i think that it just depends it's like do i want my legal docs analyzed by a human or
or a chat gpt that knows a lot better than humans okay like i think it just depends the field you're
in do i want my do i want my like marital counselor to be a human or a robot? Like, yeah, there,
there I can see real value in a human because I, you know, we, I think there are roles. And I say
that cause I'm thinking about getting a master's degree in marriage and family therapy. Uh,
because I do think that's like an area that where people can naturally are drawn to other humans,
as opposed to wanting, uh, you knowachyPT to be determining their marriage
and stuff like that or helping them through that.
So I think there are things where we want personal stuff,
but then there's just like,
do you care if your stock picker is a robot or a human?
That's not where I'm looking for human interaction.
And I just kind of see a bit of a divide there, but yeah, the bot thing, I find it
interesting just how alienated we are by AI responses and how little the idea matters.
If you know, it's a robot, then the response is literally irrelevant.
Yeah.
Because we don't want to interact with even smart robots
when it comes to idea exchange we want humans i don't know what it is but i think if you would
have asked five years ago when when you're getting a response do you want the smart response or do
you want the human response mom i think people would i think there would have been a vote for
if it's smart i want to hear it and insta Instablock, if I know it's a robot.
I've got more thoughts.
I've got more thoughts.
Put a pin in it.
Because we are live for the semis.
Are we live?
Yeah, we are live.
So Veg, we've got Veg on the board here.
So Two Sharks is playing Chicken NFT.
He's a minus 1,000 favorite, 10 to 1 favorite.
And then we've got Veg.
He's trading the Uniswap token.
Folks, didn't see that coming.
He's looking at the Uniswap.
No one's headline.
Does he know Larry Fink?
Does he know Larry Fink?
That's what the audio is.
I'm going straight to my conspiracy theories.
Indeed.
Yeah, I have to jump off here.
Appreciate you guys having me on.
Would love to come back anytime.
Give us your thoughts before you go. You're a guy so you got a unique side a unique vision into
ai give us your thoughts as a youtube guy the common thing bots have been a problem for very
if you look at any youtube video i post it is littered with scams like oh this coin is doing
black rock is buying this scam coin and it's it's very annoying um i think certain things are being
overblown right now did you see the tweet by uh this morning by miles where he's talking about
all the like literally every single bot is is blackmailing and there was one of them like
blackmailed an employee and found uh that they were having an affair through his email and started blackmailing him um yeah
grok the grok claim is pretty wild but yeah the bots are like defending themselves trying to not
be shut down one had a simulation where a human was stuck in the server room that was losing air
and the bot had to choose between shutting himself on off to save the human or allowing the human to
shutting himself on off to save the human or allowing the human to be gone.
And sometimes the bot chose to save himself over the human.
So I think that that's the stuff I'm thinking about and the job loss,
but the comment, what you said about the comments, I agree.
The second I mute every single AI one in my comments because I want to have a
conversation with a human, but when it's one-on-one, like I want,
I also want an assistant ai that i just talk to
all day like a jarvis um i always joke like i always whenever people say like oh where's your
wife i put the little blade runner gif of uh the giant the girl like reaching down to joe you know
i could see a lot of people having that too so i think personally you're going to choose to have
a relationship with an ai as an assistant as a friend whatever but when you go out into the world and you're looking for human interaction you want a human
interaction so you don't want an ai but at one point i think that's going to change
love your thoughts thank you for your thoughts grill thanks for joining us like think of all
the streamers people are watching ai streamers and they they've convinced themselves as a person
so i think as soon as there's a personality or there's there's like a brand behind it you're going to convince yourself oh they're
real versus like some random slop that somebody made up you're just like yeah i don't care
everyone follow crypto gorilla he uh crypto gorilla on x and on youtube also he's one of
the only guys in our space that's made a real name for himself on YouTube. So as a total unique insight into people who don't do crypto Twitter for a living, who
don't identify as Bored Ape Yacht Club, Apes, very unique insights from Crypto Gorilla and
give them a follow.
Thanks, boys.
Take care.
Good to chat.
So we're four minutes in.
Looks like Veg might be up 5K.
Do we have some leaderboard action?
Yeah, let's...
Oh, so chicken.
Okay.
So they're both down, but I think...
So we're doing two separate ones here?
Two separate?
So maybe Simi B is not live yet then.
So perhaps they are going to go...
Tyler, you and me are getting a lot of time together.
I love it.
I love it.
Tyler's got, you got some of the best opinions on X, man.
I'm not going to like.
And the thing I love about Tyler is that you always see both sides.
Like you don't jump on any bandwagon.
You are willing to bring up the other side.
And I think that's why people like following you.
I appreciate that.
I have to check myself sometimes if I'm getting down to one-sided.
On the AI conversation, let's pick it back up because we've got 25 minutes here to track this semifinal match.
I think you have to talk about it in different sectors.
So you made the comment if you're starting a business, you would use AI.
So I totally agree.
I think for new companies, you're going to see much, much leaner organizations.
And you can do so many functions with these new tools.
It just wouldn't make sense to ramp up your burn rate, to spend money on salaries for things you can do.
But where I struggle to see is these larger companies or even mid-sized companies.
Are you racing to lay off 30% of your folks?
Because there's also the human aspect of this.
Yeah, but the human aspect is short-lived.
That just decays over time.
It's like, yes, you got pre-AI existing relationships.
You don't want to fire everybody, yes.
But if we're talking about five-year trends then that then that's kind of irrelevant are you just talking about i don't want to fire these guys because they're my homie are you talking about something else that is like crucial about humans
i think well just there's also just the larger so you have a company of 50,000 employees right now. Like, are you really going to wind down to 10,000 over the next five years?
Just because there's conceptual, like, you are, I mean, you're taking 80% of your human workforce out.
There's an argument, perhaps even like really negatively impacting their
lives.
And it's a,
it's a heavy decision.
I'm just thinking more about trends though.
Right.
Like,
I mean,
jobs grow over time because population grows over time,
although that's not necessarily true anymore.
And if you're going to a, just a negative trajectory trajectory even if it's not like everything's gone poof but
where we're just kind of decaying jobs and new businesses hire fewer people like that is going
to be job decay over time and that is in in a world where we're used to jobs growing with population
and suddenly you have kind of flat to slightly up population growth and jobs just whittling
slowly slowly and in five years the relationships from from now are much less relevant you know
the bosses who hired the people don't work there anymore and just the the trend is what matters
and that feel like you know i was talking to my friend about Waymo's disruption of Uber.
He's like, what are you talking about?
Waymo's in two cities.
Who cares?
People are counting on Uber to grow 13% per year, 15% per year.
If the incremental trend is that Waymo is cutting into that incrementally over time, like that's really, really bad for the stock.
And that's really, really bad for the future outlook, even if it's not immediate.
It's just the trend and then poof, you know, obviously like with newspapers. Yeah. You could
have said in 2005, but so many people love holding paper in their hand and reading the words and it's
a ritual and they go to the park or they write it, they read it on the train. Sure. But over time,
the trend is going in one direction and eventually it goes poof.
I'm not saying all jobs go poof. I'm just saying like, I don't know, like that's how I think about it as opposed to like, is everyone going to lose their job by 2027?
So you are modeling out the decay over five years of 50%.
Oh, I don't know. I wouldn't of 50%. Oh, I don't know.
I wouldn't put numbers to it.
I don't know.
Yeah.
I mean, it's hard to just say.
50% is just kind of a random number, right?
Dario said 10 to 50.
That feels way too strong for me.
I mean, 50% is at that point, like, at that point, they're guns in the streets.
Yeah.
So, I think that those are the, so the next question is like,
what happens when you mail out these scenarios, right?
So like there's housing crashes, most likely,
that there's a lot of other negative macro events that happen.
So it is something we absolutely have to start thinking about.
And I think it's hard to have confidence
in our politicians.
They're going to be able to do a soft landing with yeah i think we i
think we trust we have confidence in our politicians as much as we have confidence in nft founders right
now not exactly what my guess is i have confidence in politicians would pull it like eight percent
mer real quick check-in. Veg has seen insane swings.
He has a trade that was just up 80,000.
What?
P&L.
The Hungarian boomer, man.
He's realized negative 69, but he's about to flip green.
86K.
Wow.
Closing.
He has a 550 Bitcoin position.
He closed 16.
He's back in the green, folks.
That is a big.
Was that a short position?
Did he just catch those two wicks there?
I think he did.
Wow.
The Roxo's still up on him.
So Roxo's up 5% realized.
So even after that huge swing trade there from Veg,
Roxo's got the lead.
He's got his lines in the chart.
Love some good lines. Our good friend Bernie.
We call him Bernie Powerlines.
He knows
where to catch the
take profit points in the local bottoms
via these magic lines. So maybe
he's been going to the Roxo school
of line
management
here.
So we've got a real battle 10 minutes in.
Let's check in on the leaderboard.
Just make sure I've got it accurately.
Oh, wow.
Roxo 50 K realized.
It's a big, big opening move.
10 minutes into the window. So veg, you got your work cut out for you my friend he does and and
to be clear the sharts uh the sharts competition has not started that's coming next good to know
i was i was confirming or asking let's see so roxo roxo's the guy who says if i he said i don't
take things seriously. I make
jokes. If I win this competition, I'm going 40 X leverage the full 1 million and praying for
bottom. Now the thing he might not know is if you, if once you get that fund, if you're down 6%,
you lose it. Yeah. There's a role, right. You guys aren't just going to let someone come out
and take the free million. Yeah, exactly. I i mean we can't be in a position where
we lose a million dollars if they just tank it right um so that 40x is a risky thing to be doing
but if they win we'll take it because we get we i think we're keeping 10 of the pnl of the profit so
that's the whole point and if i would love to see someone
double i'd love to see someone make a million dollars when they get that fun how fun would
that be tyler yeah that would be incredible is the so like are there going to be like any
like maybe mentoring is not the right word but are there going to be any sessions with the winner to
talk strategy to talk kind of like rules of the road like how is the team we'll make we'll make a
podcast for sure we'll get a podcast we'll try to dig into everything they know um i you know i don't
know if anyone on our team is a better trader than that person yeah maybe we get them a free
session with manda maybe we say manda like you said it is funny how in this space like mando has
kind of solidified his reputation as the best trader in
the space like when i did interviews and i said who are you worried about every single person said
mando um it's kind of wild just the consensus that's built around that you know like what i've
noticed about it and i i think he i said this on friday i think he's the best public trader in
crypto because there aren't many left, right?
Especially some of the better ones who survived from the prior cycles.
Just via surviving, you pretty much had to have been good, right?
Yeah.
Is there a separate world of people who just do this that we don't know about?
Yes.
I think our world is just full of former NFT folks, right?
That's Farouk, Mando.
A lot of these guys. I don't know about KVq mando a lot of these guys like i don't know
about kbm but like a lot of these guys like built their names in the nft space sure i think a lot of
the public traders just have kind of come to the realization over time that it's just not worth the
grief to poster trades in public yeah because you know when you win people will applaud you right
but the second you lose it's the pitchforks so it's just and you can if you win, people will applaud you, but the second you lose, it's the pitchforks.
It's just not important.
If you win 60% of the time, you're a hero,
but 90% of the chatter
about you will be the 40% that you got wrong.
I have to give a man our credit. He continues to do it.
He gives his plays on our show.
He gives price targets.
He literally called the Solana move.
Solana was at 105.
He's like, this could go to 70.
I remember him saying it.
I was like, oh, no.
And then it did.
And, of course, I was caught sidelined from that move,
just watching the car crash play out.
And Ovi used to be kind of like the ov is
now focused on the rec business and understandably so but you know he was one who also traded in
public a decent amount so those two they're they're quite good at it um i mean to be fair
mando's also got just as arguably he's got just as big of a business in Heat.
Yeah.
You got one guy running the MGM.
You got one guy running the Coca-Cola.
It's not like either of them.
It doesn't have a full-time job.
Shout out to Heat.
Record volume day again yesterday.
They've been hitting new records every single week.
How profitable is that business?
It's got to be pretty crazy. you have to ask mando that question i don't have the direct insight
i know he's not gonna give it to me though man i go through my outside sources thinking maybe
they'll slip up maybe they got some alpha that's you know they're willing to take a stab on i'm
curious about like different sectors of the business so they just launched the sports book
i am curious you know the sports book. I am curious, you know,
the sports book open with,
with some soft lines or,
or I guess the opposite.
So the,
the lines were perhaps not quite as competitive as you'd see,
like on the draft Kings or other sites,
but they've gotten much better over time.
And I think they did that on purpose.
Right.
I think KBM said as much that is,
is it a prediction market?
it's a sports book.
Okay.
Um, with like your traditional lines and i wonder why they're doing that that just feels risky
i think most casinos have a sports book yeah right so just uh i mean the other business just
feels such a better business it's a lower lower risk. It does feel like, right?
So, I mean, here's your RTP.
You know, in general, that if you play X amount of volume with these odds,
this is what your rake's going to be.
Although, KBM tweeted someone won $1.7 million.
They got them paid out.
It's KBM's role on E.
Yeah, I don't know their exact titles.
I mean,
he seems like he's kind of,
and they're all co-founders,
him,
him,
Mando and Ben lamb.
so he's co-founder and then it seems like he's kind of like running
operations.
He's in the chat a lot.
I know that.
yeah.
Kind of like the Kobe customer support guy too.
Like he'll,
he'll actually roll his sleeves up, which that's kind of this new trend to have like the Kobe customer support guy too. He'll actually roll his sleeves up,
which that's kind of this new trend
to have the founder level person
responsible for customers reporting.
And it does seem like people respond well to it.
Yeah.
Which actually is counter to the AI agents
running your customer service, right?
Because that's going to be a messy transition.
And I mean, customer service in general
is a pretty rough industry just with respect to
the user experience.
Some are better than that.
One thing I was just thinking about this,
like Colby acquisition,
you pay like nine figures for something like that.
Cause you think you're,
and so,
and that personality takes that role seriously for like a month and then it
stops being relevant.
And you're stuck with someone who has built their career by being a content creator not a customer support guy and has built
their career by being an independent guy not working for a company and it's just like
you know a this is a weird analogy but i think of like after a rock you see the the rock invasion
you see the statue the rock invasion,
you see the statue tumble,
you get like a big victory lap.
Everyone celebrates for a month and then you're stuck with a mess on your hands.
Yeah.
Not that,
not that this is a mess on their hands,
but it seems like a lot of money to spend on something that might not be the
best fit.
Hmm.
I mean,
they,
they acquired it and there's only been one ICO.
They promised monthly. There's only been one ICO. They promised monthly.
There's only been one.
And a lot of folks.
You're hiring people who are content guys, who are brand guys, who are independent guys and expecting an operational output, which isn't their bread and butter.
Like getting an ICO done every month, that's hard.
I think Kobe leaned into the customer support because he saw the problem and
he just wanted to help. And he thought that in his words,
they paid him a lot of money and it was his ethical duty to,
to try to help. So I respect that. I will say Kobe, my problem,
we're, we're rugged on up only.
And we did not know that was a joke.
I thought up only was coming back.
I think a lot of people did.
I think we were excited about it.
just to find out a few months later that now that was just a joke that no
one would pay $20 million.
I don't know.
Yeah.
Netflix is just brought on a bunch of podcasts live stream.
I think they probably paid more than $20 million.
Uh, so I actually don't think that Kobe fetching 20 million is actually out of
the realm.
It was only 20 million that he made.
I thought he made a lot more.
The sonar acquisition was much more,
but they threw in the NFT.
So he listed that NFT that if anyone buys this for 20 million,
we'll do a season of up only.
Oh yeah.
Okay.
Now that,
that,
that part I can do.
It was more just the, the company acquisition that felt like an acqui-hire.
Yeah.
Indeed.
All right.
Let's see here.
Roxo's at 31K.
Veg.
It looks like Veg had a swing up to 19, but it's kind of just basically back to fly.
Let's see if we can get into some.
I mean, Bitcoin's kind of been in this to fly. Let's see if we can get into some.
I mean, Bitcoin's kind of been in this 67 to 68 range this whole time.
Well, here's the problem.
Yeah.
There's not been a lot of action.
The first hour US market open is the big, typically the big volatility.
And then once you get to 11 a.m. Eastern, it kind of starts to smooth out a little bit until you get to the afternoon hours.
At least that's what I've seen.
Of course, that's also barring any kind of headline,
which I don't know that we're expecting,
but of course, these days.
Can't rule anything out.
Did you see the El Paso?
Did you wake up to El Paso Airport?
Space being closed for 10 days.
Oh, it's 10 days?
It was 10 days
and then they
reopened it two hours later so it ended up being
like a three hour closure
okay yeah I did not yeah I think 10 days
might not be great for the economy
not great for the reliability
of a city
I think I flew into El Paso when I went to Marfa
I haven't been
interesting part of the country
near the so it's fairly near the border like how south I think I flew into El Paso when I went to Marfa. I haven't been. Interesting part of the country.
It's fairly near the border?
How south?
Yeah.
It's south and east, I believe.
I'm sorry, west. Southwest.
Southwest Texas.
Will you be making the Marfa trek this year?
I think Marfa is going to be the first event I take my wife to.
The first crypto event. Which I'm pumped about. It to be the first event I take my wife to. The first crypto event. All right.
Which I'm pumped about.
It's such a fun event.
I think you have,
you haven't been right,
Tyler.
I haven't.
You got to,
you got to,
it's,
it's just like a cultural pilgrimage for NFTs.
And it's the type of thing that I think you want to have in your experience back.
Good to know.
That's a big,
as someone who knows this space.
Well,
I think you got to experience Marfa. It's just fun. You know, it's, it's a big as someone who knows this space well i think you gotta experience marfa it's just fun you know it's it's a small town it's like everyone's invited to every event
like maybe there's some side dinners you don't know about but pretty much everything is like
all are welcome because it's just the barrier to entry of getting there prevents people overload
and you just you know you walk down the street with with people and
jack butcher and just chat with people and it's fun and then you see all these collectors you know
and i think yeah it's one of those things where the barrier where the trick the travel to get
there makes it uh make gives everyone who does make it a camaraderie that's cool i like the
the idea that everyone's kind of invited to everything which is probably
one of the downsides to the larger events right or just the fact that there's just so many there's
no way to have everyone and everything right for some of the bigger yeah yeah there's just something
about being there it's like okay once you get there you never like what should i do there's
always like one or two events they're within a block of each other you know it's fun to see the art blocks headquarters uh yeah it's it's and it's just a cool town like as far as
americana goes yeah it's a good place to check out i am curious what's going on in art blocks hq
these days like what snow froze got going on it's uh it's not i wouldn't wouldn't say it's what it used to be.
I went one year with
Kevin Rose and he flew private.
So I got a seat on the Kevin
Rose NetJets
and I would recommend
driving instead of flying with Kevin Rose.
It's just like the drive is actually part of the cool
part. It's kind of like these long
endless roads.
It's at a few thousand feet above sea
level too though do you keep in touch with kevin rose no i haven't talked to him in like three
years good riddance his his house was involved in the la fires his house i forgot about that but i
wouldn't be surprised yeah things you don't like to see.
Of course, yeah.
And I think you mentioned Bordelon.
I think that's part of his frustrations is he's been very deep.
His house burned down.
He's been trying to go through that recovery process,
and I guess this has been very rough.
Given how hard it is for me to get any insurance on a trip to the ER for my five-year-old son,
I can't imagine how hard it is to get any insurance on a house that burned down.
Wow.
So the announcers are going crazy.
So I do like the split screen.
If there was a way to get the resolution, perhaps just a little bit better.
So it looks like these guys just took a negative tumble, a huge one.
Oh, my God.
So they both were in the same trade.
So they're both.
They bust.
I'm trying to figure out if they're long or short.
I mean, they're probably.
My guess is they were.
Let's see here.
Because it's not like there's been like a noticeable move here.
I mean, you just had like an up candle, a down candle.
Yeah, so what do we have?
All right. Oh, God. Rocks. I was down 75 just had an up candle and a down candle. What do we have? Oh, God.
Roxo's down 75K.
That's not great, Rox.
I'm glad he's not getting the million.
How do you
lose 75K in these candles?
This is the power
of leverage, folks.
40X long with a million
dollar bag. It doesn't take much.
But seriously, in the last 10 minutes
the whole range is 67.5 to 67.3 like we're talking about a 200 range uh and and this
evening lost 75k in that window not great not great at all we got five minutes left but still
anything can happen back here it does feel like we have a little copy trading going on here like they're they're moving very much in sync yeah and there's a lot on the line here so you're in the semis so i think it does
we really have to sit down and see more of these play out like there's the whole like
do you play the board or do you play your opponent? And I'm not really sure there's necessarily a right answer.
It probably depends on the strength of your opponent.
That can't be either.
Yeah.
I mean,
it seems like it.
He must have a huge trade on.
yeah,
they're both neck and neck.
So they're within 1.3%.
Oh, oh.
It just flipped.
These guys must have a lot on.
They both must be pretty max.
I guess they have to be with four minutes to go.
Or, I mean, the calculus calculus is like and i think it is
oh that's six the lead do i think my opponent's gonna uh roxa do i think my opponent's gonna make
a mistake or not or it's not even make a mistake do i do i think my opponent's gonna be on the
right or the wrong side of the trade now you do dumping snow here if you're in the same trade you also like
you came in like risk closing before them so like do you just ride it out and just do the
auto close at the end of the time window there's a lot of things to consider so it looks like
rox i was basically flat now and veg is minus 1.2 so%. So they're within 10K of each other.
Yep.
Anything can happen.
We've seen it.
This is a very, very horizontal chart.
There's not a whole lot of action going on right now.
Those numbers don't match.
It feels like we've got some bugs here on this leaderboard situation.
bugs here on this leaderboard situation
interesting um
Interesting.
we'll watch it live here from the stream what are we looking at our three and a half minutes
a little less 319. it is harder when the names are people you're not that familiar with yeah
i mean a lot of these guys that that's the purpose right these guys are you don't make your
handle 29105 if you want people to know who you are
but you do get yourself a seat in the finals which I think might be happening here
veg up four percent wow he's closing that position got Got to. Oh, he's slow.
He's like wanting every
little piece of juice he can get here.
Wow. Wow.
It might be a thing.
It's just put on one.
I guess you can't put on one trade because of the fees.
Alright, Roxo, you got to make your move.
Two minutes. This is for your shot at a million,
my friend. You got to take the huge swing.
Let's see what he does.
In some ways, I kind of like his...
It's like Veg playing from ahead.
Of course, you want to be ahead, but now...
How hard are you sweating these final two minutes?
Because your opponent can just go full risk on.
And if they hit the move...
So you got to be watching it.
And I guess if their move
starts to go well i think you have to perhaps tail it like there's a way probably mathematically
that you can he's sure you know veg is probably copy trading at this point yeah you copy trade
the person behind you yeah yeah yeah at this point like maybe that is like a downside to the system
and perhaps you want to build in restrictions around that because at this point, maybe that is a downside to the system, and perhaps you want to build in restrictions around that
because at this point, he should literally just copy trade,
tick for tick.
That's not good.
It's over.
All right.
Yeah, this timer is wrong.
The timer is a problem, folks.
The timer is a problem. But. The timer is a problem.
But now we get the last one.
Let's see what happens.
The one everyone's been waiting for.
Two shards.
The king.
Exactly.
He's been steamrolling the competition throughout rounds.
Absolute steamrolling.
Absolute steamrolling.
But quickly, man.
Shout out to Veg.
I mean, he was down 50K or 75.
I mean, he was...
He had a hole.
He was not in a good spot.
And to pull that out, that is a tremendous comeback.
So we've got the next round in one minute.
So folks, don't step away here.
We're about to see two shards live.
Hopefully no connection issues this time, two shards.
We know the game you're trying to play.
You don't want the copy trading, but the folks,
we want the two shards action in alpha.
So we want to see what you're swinging.
Checking in on prices here.
So the last hour, it pretty much has been down move.
Not tremendous.
Half a percent, 0.6%.
At least on Bitcoin, he's hanging out in 1940.
Is he ever going to get to 2K again?
We pray.
Solana at 80.
Hype's at 30.97.
Zeke, Zeke making any moves.
Zeke's at 236.
It's kind of flat.
It hasn't been a hyper volatile market, to say the least.
What's your take on Pump? So it hasn't been a hyper volatile market, to say the least.
So it's just why.
What's your take on pump?
You had Mike Dudas yesterday out there saying that fundamentally on like a dividend paying basis,
this is like a must buy.
And then everyone kind of pointed out he's long
and has his own vesting coming up.
But he refuted that and said that this is the play.
I'm not a pump trader, so I don't trade the coin,
and I don't use the platform anymore.
But what do you think?
I think you've probably been involved in both at some point.
I've lost a lot of money trading pump, longing pump, to be clear.
Owning the token.
On perps.
What thesis did not play out?
My core thesis has always been that they're one of the strongest revenue-generating
crypto apps we've had, we've ever seen.
And they still are.
Even though they're not as much on my feed,
people are still trading this shit.
I'm sorry, this gloriousness.
They made $875K yesterday.
They made $943K the day before that.
They just posted posted 1.5
million for a full week the end of january they're making a million a day damn and have they like
made any commitment as far as how this is gonna yeah have they made any commitments as far as how this is going to impact token holders so they've done buybacks right and
i don't know that they've ever like i think part of the problem is they've never really came out
and said exactly what the buyback protocol is like it's always going to be x percent and it's
going to be like this for perpetuity so i think they can in theory stop them um the the chart has very much traded like an allon attention meter so when he's
on the timeline and active and talking about new features it pumps when he goes silent for three
weeks it dumps yeah but something here that just does not pass the smell test i think one of the
things is that you're counting on these guys who could literally, if they're making a million
dollars a day, they could literally just put it in their pockets. And you're counting on a crypto
founder's commitment to always use that to buy back token. And that just feels very flimsy to me
because there could just be a day where he's like, I'm not regulated. I haven't made any legal
commitments and I'm going to use this money to invest in the business. I'm going to use this
money to invest in my own personal house. And i think we see that so much where two years down
the road things aren't as good and the phone's like ah this i'm just keeping money
what's the safeguard against that well i think that's a real concern now like i'm
so a without the buybacks your your tokens, just a meme coin.
Right.
So there's this total first order question.
Why is the token worth anything?
And I think every protocol has to figure out the answer to that question.
So I think what we found this past year is buybacks effectively
makes it a security so you can value it based on revenue yeah um but now that i'm like you're
makes it a security so you can value it based on revenue.
Yeah.
looking at this like why should they continue doing buybacks yeah what's the point it's selling
off anyways so just stop and i mean i think over time you have to think that if you fundamentally do the thing you're supposed to do over time, if you're buying back what ends up being 15 to 20% of the coin per year, token holders will be rewarded.
And that's where you look at incentive alignment between token holders and management.
But we just don't get the visibility and stuff like that.
But we just don't get the visibility and stuff like that.
And I've worked at projects.
And I've worked at projects.
I just see how commitments to token holders can go up and down.
For sure.
I mean, it's coming to a head.
I think you mentioned the acqui-hire of Kobe, but some of the acqui-hires we've seen have been disastrous for those teams' tokens.
we've seen have been disastrous for those teams tokens so we've seen like three examples where a
team with the token the founders the engineers get get hired by another company and they basically
give the token to the community and the token goes straight to zero yeah you hear in the comments we
got gore saying rumors of people of faking by baking volume on pump.
How does that sit with you?
I mean,
if the fees are generated on fake volume,
the same as real volume,
like I don't,
I don't see how it matters.
Just less sustainable,
presumably.
Yeah.
I mean,
there's a bit to unpack.
And I don't know how real volume is or not.
I know.
You're right.
I mean, fees are fees.
You know, when it's wall trading volume and you're not paying any fees like on CryptoPunks platform or something like that, then yeah, that's not good.
I would say it's not good.
It's just there's no information value there but if people are still paying fees then you have to at least factor that
in i mean scrolling through this like there's a a pump coin that did 17 million yesterday there's
the next one's up fifth at 3.6 3.6 3. I mean, there's, there's still trenches are not dead.
Like they're, they're much,
there's much less opportunities than there
were like in the peak bubble 2024,
of course. Yeah.
But folks are still trading these things.
There's still five to 10 X
runners. You're still coins going to 50 to a hundred million.
And I don't think that's going away.
So like the, the logic
that pump is not as valuable because you're forecasting future
revenues.
Like I'm not comfortable betting that their future revenues are going to be
much lower than this.
I don't think I would take that bet.
Yeah.
Six to 12 months out.
I mean,
they're still there now.
And we all thought it was dead in somewhere in some basement, people are trading this stuff.
What do we got?
How's Shard soon?
I don't think it's live yet.
It's not live yet.
I think they kicked it back, so we have another six minutes.
Shout out to our listeners.
A, thanks for tuning in.
B, you've gotten a lot of dialogue.
You've gotten a lot of dialogue.
I might actually go get another liquid death energy drink
just so I can kind of keep the heat going
for one more of these.
Yeah, why not?
Let's do it.
We've got another 40 minutes.
We'll do the full 30
and then we'll probably recap the semis
and then kind of talk about what's next.
Exactly.
Then I actually got to go to a Valentine's Day celebration
at my kid's school.
How about that?
But that's not for two hours.
So we're good here.
Diego, I'm looking back
at the comments from two hours ago. Diego was already asking
for the dog, and we got the dog at the
most exciting moment of the day,
which was the Sharts comeback.
She manifested it.
Guys, in the comments, tell us what
you guys want commentary on.
Let's just do a little AMA here.
Let's do some AMA for Tyler or for me.
AMA.
Incredible.
Why not?
Diego loves schnauzers.
Yeah.
I love my schnauzer.
No shedding.
She's cute.
And we got one that doesn't bark.
Very good comment.
Bye, Rack.
All right.
Diego's always on.
Is Diego in these comments when I'm not here?
Oh, yeah.
Diego's here every day.
Does Tyler have pets?
Great question.
I've been very adamant since having two children that I'm responsible for
of no pets.
Hands have been full,
but now they're five and six and they can kind of start taking care of
themselves much more.
They would not take care of a pet.
I'm acutely aware of that.
I don't want a dog that's going to bark during my show every day.
So that's,
that's the primary point,
but I'm in this new neighborhood.
Everyone's got a dog.
And I know my daughter would love a dog.
So I'm a closer than ever to saying,
yes,
I'm trying to figure out,
I think I would go golden.
Golden retriever is my number one right now. know that's kind of cliche perhaps old school cliche
but we love it yeah would you rather a third kid or a pet third kid oh wow what about your wife
she's open to it but getting older it's like her age is like the only thing you know it's a little trickier for she isn't she's at
40 um i would be happy with her so like we were downtown chicago now we're in the suburbs
with two kids we were slightly above average and now where we live we are well below average
oh our next door neighbors have four the average family that we are friends with has three.
And do you feel like you are underperforming or are you just like,
I love my life with just two?
I love our life, but I also,
I love seeing the older parents who have four,
like 20 year old kids.
Yeah, that's fun.
And we've got pretty small families.
So like I'm an only child
like my wife has one brother we've got two nieces so like our kids don't really have any cousins
they've got like three cousins so like we're far from like the family that has 20 cousins at
thanksgiving and christmas yeah but you're still blessed though two kids is great. Do I have kids? Yeah, I got three boys, five, seven, eight.
Three boys.
Three boys, man.
Yeah, sometimes the good Lord has different plans than what you want.
But we were hoping for the girl.
We got the boy.
And it's fun, though.
I mean, it is fun.
I never had a brother, so it's kind of a dynamic
I'm not that familiar with.
But yeah, all three are super unique, and we like it. had a brother so it's kind of a dynamic i'm not that familiar with but uh but they're uh yeah
they're all three are super unique and and we and we like it are they like wrestling and roughhousing
all the time less than you think because the middle kid is uh is an art he's just not as
athletic you know that the oldest and the youngest love sports so like my oldest and my youngest play
hockey my middle won't go he would rather go to art camp he'd rather he likes to weave he's just he's just got different
hobbies so and he's not as violent so it kind of breaks up the alpha energy which i appreciate
i kind of like it like that yeah uh but the oldest and the youngest are wrestlers for sure
um let's see.
Here was a question.
Oh, when will my specific tokens make me a billionaire?
From Charlie.
I'm going to go out on a limb here and not even know what your tokens are
and say never.
Yeah, Charlie, you picked back tokens.
Exactly.
I'm going with a pretty hard never here.
Yeah, Basil, you're right.
And Basil, I know you're out there talking about your schnauzer.
That's awesome. Yeah, dogs are fun, man i i'm trying to get my wife to like it so my wife did
not want a dog so now like in the morning when we take her out of her crate she's just so full
of energy it's kind of and she like sits on your lap and is so excited to see you so i'm like
i'm having my dog take her out of the crate or my i'm having my wife take my dog out of the crate
in the morning and little things like that get
her to like a little bit more this is horrible news uh decrypt media just got the horrible news
that he's never gonna become a billionaire on his tokens i do not like to bear bad news but
sometimes you got to serious question are we all in for crypto in our savings tyler why don't you
go first with that one i mean i publicly moved my 401k over the summer from the s&p to bitcoin and that was a
terrible terrible trade um so i'll be writing that out but no like not all in have uh have other
savings have other investments yeah i'm not at all i i've got more stocks than crypto i uh i'm you
know i worked at goldman sachs for my first
eight years out of college and i think i just have kind of and my dad's a stock broker so i've got
stocks more in my dna and crypto more as something i haven't enough money in crypto that i hate to
see it go down but i naturally am not as deep in in the crypto game as a lot of people here who are more native. Rick Toshi.
100%. I mean, when I do surveys of my followers that are,
are you like 0% to 25% in crypto, 25% to 50%, 50% to 75%,
I realize that the real question is, are you 0% to 70%,
70% to 85%, 85% to 100% or leverage?
So it's something we often forget in this game is that the follower
base is deep in crypto yeah deep in crypto so but i think it also depends on how much money you have
and where you are in your life and if you're optimizing for three kids and maintaining wealth
and not losing your house you're going to trade very differently, right? 100%. I mean, if you're 22, sitting on 20 grand from college.
Yeah.
If you're 22 and you have a job for the first time and you're trying to clip
away a couple hundred bucks a month,
you don't really have savings yet.
And like,
and you're all in on crypto with that,
like that's contribute to a 401k.
That's a little bit different than,
I mean,
I would not recommend a hundred percent crypto.
All right. Who 15 15 that how old are you
old means something very different to every person brother because who dad is 90 10 in traditional
crypto okay so and he's saying he's old it's a lot that's like i'm 44 yeah respect late 40s is that's
old man i wish we were live chatting with two shorts i want to know i want
to know what's in his head chicken is not afraid chicken's gonna start probably got him on here too
probably could got him on here i regret that um chicken's up 4k up and l i don't think they
realize i'm getting so they might be out to the quickly but two shorts not sweating it
he knows he can make his move. Yeah, two shards.
I do like the split screen,
even though the only problem is it's harder to see the positions.
Yeah.
I'm going to go get my energy drink, all right, Tyler?
Go for it, yeah.
I'll be right back.
Chicken, things turning south a little bit here.
Oh, no.
Things turning south real fast here for our good friend, the chicken.
Chicken NFT, incredible handle.
We don't see enough NFT handles these days.
Most of them are soft retired at this point.
Oh no, minus 8K now.
Chicken.
It's not going the way we want it, my friend.
As soon as he's going to have to make the decision,
does he want to cut this?
Let's take another swing. live to see another day?
Looks like he might have.
Oh, God.
He's increasing his leverage.
He just went even more.
Oh, folks, I missed this.
We've been selling off pretty hard here.
We're at 66.5. Seth and I were just talking about our families.
Meanwhile, Bitcoin actively going back to low 66.5, about closer to the lowest we saw yesterday.
Short has been the trade here for the semis. Chicken on the wrong side of that.
He's chicken on the wrong side of that.
I wonder how, oh, he keeps buying more long chicken.
If we see the rebound, chicken's in a great spot.
Two Sharks is long hype.
Interesting.
He's got a million dollar hype position.
So Bitcoin's selling off and Two Shards is long a million in hype.
He's not sweating.
He's stone cold.
No emotions.
An emotionless trader.
He is stone cold.
Look at that guy.
I mean, no one wants it more than two shards.
No one.
You can't tell on his face, but no one wants it more than that.
That is the look of someone who wants this.
Yeah, yeah.
Very, very true.
It's in his veins.
That's true.
You missed Chicken making...
I don't know Chicken.
I don't know their backstory.
Chicken's done a lot.
He's making the mistake that I'll make.
So he has a Bitcoin long open.
Bitcoin's going the wrong way on him, and he keeps doubling down and adding leverage.
But it looks like it's working.
Oh God, the chicken, 20K.
Let's see what he gets out.
Let's close it.
You got to take that.
Wait, so he's doubling a short down?
No, he's been long.
The position, like he was very red and then he, instead of taking his loss, he doubled
down on it.
Oh, he's up 50K.
Chicken, 33Kk realized two shards
the ball's in your court my friend the chicken is coming out swinging
this show's 20k i think it's more well well let's uh i think at some point one thing i also want to
add is i think we're at the place here where you've got to assume the timer's wrong. Yeah.
Like, we've had two that ended at the wrong time.
I think you just got to be winning at all times.
We know it's a 30-minute window, so you know roughly.
You know roughly, but we've had two rounds that ended with 1.30 left of the clock.
Yeah.
The competitor's got to be keeping track of it.
chicken's moving over to hype.
So is he,
he's clearly seeing what two shorts is doing.
So he just caught,
he's effectively copy trading two shorts here.
Interesting.
But,
but,
but bigger size,
that's a $10 million long on hype.
Wow.
Let's see. Oh, And it's working for him.
It's volatile. He's in the green.
It's bouncing around.
It's bouncing.
We didn't notice this while we were chatting.
Bitcoin sold off a bit. It's down to 66.5.
So the market's going the wrong way here today.
Oh, Chicken.
Chicken's giving some back here.
Everything's selling off.
He's in his longs.
This is a proper move here.
Yeah, yeah.
Short was the side.
For a change i mean at the end of the day right now this is not a there has been no real kind of
candy for the bulls for a long time no well last friday last friday was a euphoric bull day yep
we went are we doing a raffle today tyler is there we putting that off till tomorrow
uh no raffle today we're gonna we'll do that off till tomorrow? No raffle today. We'll do two tomorrow, folks. Two tomorrow.
Got a couple people
asking in the comments.
So are you happy with
this move to the Burbs, Tyler? What do you think?
Love it.
Really? No
regrets whatsoever? Zero regrets.
Haven't looked back. And we're
still, we're drivable to the city so
we can get down there when we want,
but just much more space.
Our kids have more,
much more friends and much more play dates.
So everything's been positive.
That's awesome.
That's awesome.
Yeah.
The burbs,
there's a time and a place,
right?
Yeah.
And we did it.
So like we were,
my wife and I were downtown there for like 17, 19 years.
Yeah.
We lived it.
And the schools you're happy with?
Schools are good here to the point where we're public.
And I went to private school, Catholic school, and that was my bias.
Yeah.
But the public schools are better than the Catholic schools here.
There are some private schools, but.
And you save a Bitcoin.
There's so much.
So my son was going to a, he went to a private kindergarten.
I mean, the first grade tuition, and he doesn't go there.
I think I can disclose it was $23,000 to send a kid to first grade like what what are we doing and then we're gonna have two like that's
it's hard it's getting hard to justify like that is especially when the public schools are good
yeah i'm the opposite i went to public school growing up uh and went to public school wisconsin
now we got the kids in private school, and it is a waste of money.
It is a waste of money.
Might have to make that change.
And there's situations,
I mean, a lot depends on the caliber of the public schools.
Yeah.
Where you're at, it's tricky.
I have a friend in New York
who's a very, very rich friend.
He's a very senior guy at one of the biggest hedge funds in the world.
And he sends his kid to a private school.
He says with the expected donation, he's looking at like $80K a year for first grade.
That's the numbers I've been seeing.
I've been seeing $70K to $80K for Manhattan.
That's Harvard.
Right?
Literally for first grade, you get nothing but a pat on the back.
You went to Stanford.
I went to Purdue.
Purdue was like 7K.
Oh, wow.
They froze tuition for a long time.
I'm sure it's more than that now, but I'd be surprised if it's more than 2x that.
Is it public for Indiana people?
Yep.
Purdue's public.
You didn't grow up in Indiana, did you?
I did.
I grew up in Indianapolis.
Oh, interesting.
So are you a Colts fan? Are you by heart a Pacers-Colts fan?
Grew up Colts for sure.
Pacers loosely. I wasn't – for whatever reason, my dad didn't really care sure. Pacers, loosely.
I wasn't...
For whatever reason, my dad didn't really care about the Pacers.
That was the Michael Jordan era.
Everyone loved the Bulls.
Have adopted the Bears and the Chicago sports team
just after being 20 years.
You got to.
Especially for your kids.
I'm trying to become a Denver fan.
They have an incredible NBA. The Nuggets are awesome. especially for your kids. Yeah. I'm trying to become a Denver fan. Well,
they have incredible NBA.
The Nuggets are awesome.
I mean,
the Broncos are at a hell of a run and the quarterback doesn't get hurt.
The only team that I've like,
kind of like with sports,
you just feel in your body who you're rooting for.
And sometimes I don't even know who I'm going to root for until I watch a
game.
And I know,
but the only one that I've like this really kind of become a fan of is the
Avalanche. I do like the Broncos, but if they're playing the packers i just root for the
packers um well your boys are in hockey so what your boys are in hockey so yeah my boys play hockey
and then yeah so i do like the abs they're kind of you know it's hockey is my favorite live sport
to watch a regular season game for it's just it's good action everyone sprints every every shift like it's a fun sport to watch it's big we're up the the new
suburb we're at is big hockey and i've got um my son's not in it some of his buddies are
some of our family friends have their kids in it um it's it's a real like a cult might be strong but it's like it's a very tight
group it is my kids aren't that into it like they'll go to practice once or twice a week and
whatever the problem with hockey is it's a parent activity because you got to get the gear
it takes like 15 minutes and then you gotta shoot you gotta do so much even lacrosse which is what
my kids also play you know they wear helmets
and pads and stuff but after hockey i'm just like this is child's play all right holly we got a
question what do our what is our spouses think of crypto web three finances is it a shared interest
um i kind of do the finances in the family i'd say my wife's interested, but she's not like a crypto believer. She's not a big NFT believer.
I think she is not a non-believer, but yeah,
I kind of run the finances on all fronts.
She'll check in.
She'll check in.
But yeah, we share finances.
So it's not like she's got her own bank accounts and stuff.
And I got my own.
One team, one dream 2022 2023 were very tough for me my wife would remind me the price of bitcoin
and e like every single day she's like oh it's down another five percent today like what what
are we doing yeah like we just gotta survive um yeah how much stress do you get tyler about price action and how
correlated is crypto price movement with the lifestyle you allow yourself to live
i only get stressed when i have purpose positions on and unfortunately like i did have some bigger
ones on like i got i got liquidated not like insane but a fairly big liquidation like on 1010.
Okay.
So that was a stressful day.
And then I kind of just said, okay, I just can't do this stuff anymore.
And when I'm not trading perps and I'm just holding my longer term bags, I'm fine.
So I'm like immune, apathetic to the price action right now.
I've already made the decision that I've got my core Bitcoin bag. I'm not going to try
to swing trade it. I think some people are in the school
where they want to sell the highs, rebuy the lows.
I'm just going to ride the wave.
And if you think...
Were you able to keep
the family from knowing about 1010?
Or did the wife figure it out?
She's not...
Didn't need to concern her with such things that's good to say the least
yeah it was interesting interviewing men he says that you know he has become someone who makes
money in crypto because when he makes profits he imagines his wife getting pissed at him for
losing them and he and he unwinds the trade he's like i he
phrases it more i want to make my wife proud but it's actually like it has kind of calmed his degen
spirits uh like knowing that there's like a bit more that they're playing for here meanwhile uh
chicken's losing it all folks he's a minus 100k i think this is the worst trade. He's minus 116K live. He must have just been long going in.
He kept the long. He keeps going long and he's catching the knives.
Now, if Bitcoin does rebound, he could very well make a lot of it back.
Yeah, that is a double black diamond slope right there that you just probably don't want to be on.
Yeah, we're just tumbling here. I'm not sure if any macro news has come out.
Let's see our stocks.
Oh, wow.
Stocks are very red.
Stocks are 1.5%.
What's going on?
Damn, things you hate to see.
Things you hate to see.
VIX up 10%.
Gold down 1.4%.
Let's check my IBIT. I mean mean ibit is the curse that keeps on
cursing everything's down stocks down gold's down crypto's down wow doge is green dogecoin
yeah dogecoin republicans deliver yeah i thought that was kind of interesting that the republicans
uh sided with like five seven republicans sided with the democrats and
not allow for canada tariffs i don't know the details on that so i don't know what what's what
was wrong about the canada tariffs versus the other tariffs we're doing yeah i don't know
i actually don't follow politics very closely i went a good six months i didn't even like i
didn't even know who my dummy was i That was in my six-month period of politics
blackout.
That whole New York thing.
I think that's the way
to be. I think politics is
just spending the mental energy on it.
It's such a drain. It's just there's no
there's no benefits.
Spoiler alert,
I don't think I missed anything.
Chicken's looking up patterns live like that is hilarious let's screenshot it oh chicken is looking at trading patterns live folks he's
doing he's learning ta good crypto they're trying to figure this out between that this is a plus content from the
chicken who is uh down about 150 000 of meme lands thank god paper money um yeah mom dami isn't that
a sandwich it might be rex satoshi chima moko yeah might be might be as well stats since you
are into stocks what do i think of paypal paypal's a piece of shit like i mean it is just i mean i like the product they give me a
credit card that gives me three percent off everything i buy like i mean i like the thing
but they're just in this category of stocks like paypal and uh square and um docu sign i mean these
things are just getting crushed from all-time highs. And I think that, like, one is we got too excited about them three, four years ago.
But then, two, there's just a sense that a lot of these really specialized services, I think, are going to get eaten by AI.
I don't know.
But, yeah, PayPal is a piece of shit as far as performance goes.
I haven't done enough work, though.
13, I haven't done enough work to say is this like a huge buying opportunity or not but i as i said you know i'm my father's son he's a
buy high buy more higher guy so i'm not really in the buy something that's down 90 game what about
this thought from mando so mando retweeted trader main a couple days back. They're talking about a fairly large leg down in equities.
Do you have a view on that?
A fairly large leg down in the market?
Stock market, yeah.
I mean, I think that we've been on this easy money run.
Like, there's going to be a new Fed chair.
You know, Trump, if nothing else, just wants asset prices to go higher. And if you have money in cash and not in gold stocks, whatever,
you're just going to lose money to the printer over time because that's what this administration
wants. I feel like that's been the... And also AI is eating your jobs and asset owners are winning.
I feel like that's just been the mentality.
Are we at a valuation now where that reverses?
Is there anything about that narrative where there's just kind of like a chink in the armor?
I think ever since Warsh was picked, I think there's maybe a sentiment that we're not quite as,
we're not entering this free money era that people thought.
I think the other thing that I've learned a lot more about recently is that
Warsh is only one vote, even if he is a total bootlicker,
which I think he will be, he's only one vote.
But hearing Trump say he regretted the pick already,
I think he said something like that.
It's like maybe this kind of like free money post-Powell era that we
expected isn't playing out.
Maybe the market's just starting to say that a little bit.
The thing that's been hard is even as the market's been rallying,
crypto's been tanking.
So I don't know.
What do you think, Tyler?
I just think in general, like we've been, this is the chart,
we've been grinding up since last April.
Eight months of up, or nine, ten months of up only.
Like everything's priced at new all-time highs
things are priced to perfection yeah pullback it's like we're due for a pullback right like
it's not nothing that i'm gonna sweat yeah i'm not the biggest trump fan right so my my feed
knows that i'm not that it feeds me a lot of stuff that suggests that he's like losing popularity
and losing power i don't know if that's real or not though tyler what do you think do you think
he's i think america's sway in the world is kind of starting to go down a bit in a way that like
actually might not be great for our economy like there's just kind of like people are starting to
say well these are not serious people and over time that starts to reflect your overall economy
i don't know i think we have this we have the most serious companies like we still have all
the best products.
That's true.
The stock market actually is not – the U.S. stock market is actually not really a U.S. business.
I mean, Apple, NVIDIA, Google, like these are global, global businesses.
But still, but still.
I do – I was surprised.
I looked at the 2028 election odds for the first time
in a while. I thought Vance had
a much larger lead.
So it's only 25-19.
I don't think Vance. I mean, I don't
like Vance, but I don't. I think. The problem with
this market is we don't even know if these guys are going to be the candidates
too. So you have to factor that in.
Yeah, I'd probably go on the under for both
those guys.
But I do. trump approval rating is clearly at its lowest i think i i do think the ice issue is going to be a single issue vote
for a lot i think it's going to replace abortion epstein though too yeah i guess the epstein stuff
is like i it's just never never been a top priority for me.
It's not for you, but it is for a lot of people.
How does it impact their lives?
That's the piece that I don't understand.
How does transgender athletics impact people's lives? People just care about shit that doesn't impact their lives all the time.
But Epstein has been such a huge –
the place I've seen it is a lot of the people in my comments
who are huge Trump supporters
are now liking posts about Epstein saying this guy's not serious.
I've seen it decay a lot of like the real kind of more
very aggressive right wingers
who saw this as like the global elite ring was finally going to
come down and now they are giving it a big wtf real quick welcome i'll come back to that chicken
is life is one of the worst trades we've ever seen in the history of ace trader he's down
250 000 on this trade. What do I mean?
It's pretty hard to lose 27% in 20 minutes, even with leverage.
I got to give him credit for that.
He might lose the whole million folks live.
I can't tell.
I'm guessing the good crypto patterns was a bit in a troll.
Good crypto patterns was a bet and a troll.
Maybe he'll find some in the chart.
But he's long 590 Bitcoin and Bitcoin's actively selling off.
It's at 66,000 flat right now.
We didn't have much volatility throughout the quarters and semis.
And here's your volatility.
You had to be able to catch.
If you're long 590 Bitcoin, though, you can erase 25% downside pretty damn quick.
You can.
That is for sure.
I'm not calling it over yet.
I'm not calling it over yet.
Two Sharks is just going to walk to the finals.
Granted, he put himself in that position.
He should just be flat and just not make a trade at this point.
That's probably what he's doing.
My guess is that's what he's doing yeah my guess is that's
what he's doing my guess is all right pengzo is giving me a correction here uh trump said he
regretted not picking powell or not picking uh not picking warsh previously instead of of powell
as opposed to showing regret about his recent decision could be yeah that could be i uh i don't
know i i will i will dig in try to see if what i
said earlier about how he was like already frustrated with wars if that makes sense
um spacebar what do we think of marijuana stocks will these things ever go up marijuana stocks are
absolute garbage as well i mean that that was like one of the biggest hype cycles of 2021
and it has completely collapsed.
And what's weird to me is I'm seeing all these tweets right now about how everyone in America is smoking weed, how we have a weed problem.
I'm like, why aren't marijuana stocks going up?
I do not know the answer to that. I do not know.
Whoever. Yeah. Let's see. I do. Thanks.
Space. Tell us your thoughts. You probably know more about this than we do.
Funny enough. That was on my, I had some discussion topics for us for stats i thought we might need some and weed weed was on my discussion
topics you know i like to talk about you know drugs um the pendulum is clearly pendulum is
clearly swinging back i think there was a there was a point where weed was seen as like the
positive alternative less negative health effects and now it's more studies are starting to come out that maybe that's not the case.
Yeah.
Curious if you have a read.
Wait, sorry, say that one more time that wasn't the case.
I got too much stimulus here.
That there aren't as many negative health effects, side effects.
So now there's more coming out that effectively can lower your IQ,
can lead to psychosis with with frequent honestly the word i've had a rough year i've had some ups and downs
this year the worst day was the day i had i took a weed gummy that had a lot more than i anticipated
and my i literally i was in i literally was like I don't know if I'm going to make it through these six months.
I like, or these six hours, like it was so aggressive.
I could hardly formulate sentences.
I had the worst trip and it, I don't know, man.
I'm just like, what is good about this thing?
I like, this is not only, and the thing was the gummy tasted like naked juice.
Like it was like a green naked juice.
I was like, it actually tastes really good.
I could have taken another one.
And yeah, so for me, I've never been a big smoker.
I've never liked weed that much.
I'll do the occasional small gummy.
And so at a dinner, I was at people.
And then it turned out the guy who was passing around was a massive stoner.
And these things were like cooked to the ages.
And three of us went to a very bad place.
So I don't know.
Yeah. I'm not a fan i took i took a weed gumming called 911 i was in mexico so i was very lucky but have you had a bad
trip before time i've had like i've taken like a hit off a friend's pen at like the beginning of
a party and i had to send myself home because it was so strong and just
I didn't think like I'll take breaks from alcohol just for like dietary reasons because I know it's
a lot of calories um yeah it's like I've done like the weed drinks and basically I don't really love
the experience like I sit there like yeah I'm a little mellow but like I don't really have any
motivation to do anything I feel like I just feel slower and i just don't really like the feeling so i'm just
kind of out on it and honestly like i think a lot about how i want to like introduce drugs and
alcohol to my kids because my parents were like uber conservative like no drinking at all then
like i went off the deep end and binged a lot in college um and so like i'm thinking about like how do i do the
opposite of that like okay you know have a glass of wine like let's talk about how to do this have
a few drinks without being a total asshole um yeah as for weed like i don't know like i don't
really want to start to smoke weed the one i'm i've never smoked a cigarette like to me cigarettes
are just like the dumbest waste of energy but uh
i was a foreign exchange student when i was 16 i went to the netherlands as a foreign exchange
student and that's the place where everyone drinks beer so that was kind of my on-rath and uh yeah it
was you know but they're like reasonable right like they don't like bin they won't have like 20.
they like Dutch guys like to drink their beer man like i think there's this perception
europeans love the story that they're different from America.
They have everything under control,
and we just don't get how to do it reasonably.
Those motherfuckers, there would always be someone puking in the street
over in Aintov, in the city I lived in.
Real quick, chicken NFT.
Bitcoin's fiercely rebounding back.
He might be up.
He's down 100K now, but at least he's not down 200K.
But he is close.
Well, that just shows the power of leverage and how Sharks.
I mean, Sharks has literally done nothing.
I mean, if Bitcoin rips to 66.
Number 13.
If Bitcoin goes to 66.8.
Sorry.
Go ahead.
I'm sorry.
Let's talk about this.
Then I'll go back to Legium.
There's only like two minutes left.
So if somehow Bitcoin rips back to like 66.8,
Chicken might be able to pull this off.
I mean, of course, that's a stretch.
I don't think it's a stretch at all.
You do not need it.
I mean, it's still at 66.14 in his long...
40X leverage is no joke.
And Shartz is...
He needs to be watching.
If Shartz stays no position on,
I think this could reverse against him very quick.
If I were Shartz, I would try.
This is where he's got to put at least some risk on with a copy.
He did.
Okay.
He just put it on.
So Shartz is drawn.
Or Chicken's drawn dead.
Basically. Basically.
Okay.
Well, I mean, but that's where he's got to start doing some tricky stuff.
Oh, he closed it.
All right.
So now, all right.
So two Sharks is.
Okay.
Sharks is long now into a little bit of a bull move.
Wait, did Sharks?
Wait, Sharks caught the long one.
One guy.
We love this guy. he got 65 and this this dude is a powerhouse 64k realized pnl in a 30-minute train contest he did he did similar
hype is real the hype is real but look at look at chicken he's back to negative two
wow he went from down 27 to down two.
This is what 40X leverage does, Tyler.
So we've got a minute left.
This is going to be, I mean, chicken's in it.
He just made back $230,000.
I mean, we got to watch live for the final minute.
Yeah, we do. This is kind of what live trading competitions are basically made for.
This is kind of what you dream of as a,
as a live trading commentator.
we finally got the,
okay.
So charts open with Bitcoin long.
wow.
The commentators are going crazy.
Oh God.
Chicken short.
So there are they against each other?
Chicken is like,
I need to put risk on here.
I just got to do the counter consensus trade
i gotta i gotta fight because he knows that sharts is long he put the tp in and then there's
also the wild card when will the when will the clock when will the clock i'm actually excited
right now i feel like i'm watching something that's very exciting. I have a horse. I like shards here. Wait, chicken's up 90K. Chicken's up 100K.
25K.
Close it.
Did he get to close?
Oh, he's only got 5% realized.
Oh, my God.
Shards.
Shards.
Don't lose it.
You got, I think we've got 10 seconds left.
Heart rate 150.
We need a heart rate martyred
on sharts oh chicken can't close he's trying to close and the question is what are the fees going
to do what are the fees going to do i think this is one tick i mean wait we did so it's
that was insane that was insane wild final let's let's do that wasn't that was insane. That was insane.
Wild final.
Let's do it.
That was insane.
That was a great, great competition.
Oh, my God.
Chicken came all the way back.
He got 51.
After having to pause in Google trading setups mid-trading tournament.
This is as much as we could have asked for, Tyler.
That was insane.
He went from down 27 to up five.
And Sharks was sitting there with no trade on,
and he realized, I need to put risk on or I can lose this.
And he did.
And because of that, he won.
I want to see.
We need the play-by.
We need the slow-mo replay because Chicken's P&L was briefly like 110.
We didn't get a chance to see how much the fees took out of that.
And also, Bitcoin may have dropped by the time he actually closed it.
I thought he might have taken the lead there for a second.
I didn't have all the numbers in front of me.
But, man, two shards.
It was squeaky bum time.
He held his composure.
He's going to the finals versus veg.
Two shards gotta be the favorite, right?
Who are you backing?
You're on mute.
Stats are muted.
You're still muted. I don't know how we lost yet still muted
oh i'm i was on mute but there you are that was insane i mean i i'm very impressed with the way
put risk on despite being because he knew that with that 40 X leverage,
even though he was up eight percentage points,
he had to get something up and he did what he had to do to win that
competition.
And that I was impressed there,
man.
That's as,
that's as good of a,
I think that was as good of a semifinal as you could ever get as you could
ask for down 27%.
Two Sharks is flat sitting.
His trade's working at 40X.
Two Sharks puts on just enough risk to offset it.
And then, I mean, that was good.
He did $250 million in volume in 30 minutes.
He's lucky.
In the actual paper trading competition,
he would have been shut down for losing too much.
But we didn't have the loss limits in place for the semis.
So what should we expect for the finals?
Do we know?
Tomorrow, it's 21 hours away.
So it's going to be at 9 a.m. Eastern, it looks like.
All right.
Is it similar rules?
Is it going to be 30 minutes?
Do we know?
I think we're going to go to the drawing board
tonight, have a team meeting, try to figure out if we need to make any
changes. What changes would you recommend?
I don't know. If it ain't broke, don't fix it.
I was pretty exhilarated.
The three hours went pretty damn
fast. I've been having a good
time watching this.
It looks like to decide third place. It looks like we might
have a consolation match.
Yeah, I think third place is fun too.
What would I change?
I liked, like, for the live stream, I liked the side-by-side view
to be able to sweat both these.
I'm thinking about more from, like, the viewer's perspective
as from the traders.
Yeah, I think you kind of want a screen on both their faces
if you can have it, just constantly.
It's fun being able to see.
You can kind of see their thought process
as they're sliding bars.
Like, oh, we just went from 17x to 40x.
And you can see them toggle between coins,
see their fingers on the close button,
but they're watching for the numbers to go up.
So it is a fun experience i like being able to watch the screens too and
seeing chicken go for check out trading patterns
two shards playing legend because i used to live in the netherlands and i speak dutch Dutch is actually lime. It's lime.
IJ in Dutch is I, so lime.
Yes, he's got it.
Naderlaunder.
I kept ook in Eindhoven geweld.
That cloth lime.
And Holly, I think, is also Dutch here.
I don't know.
I was deep
in the Dutch weeds for a year.
I didn't know that about you.
Yeah.
Learned a lot this morning stream.
That's what these streams are here for, man.
You spend,
you spend two and a half hours with me and I get my liquid death energy
drink and we're going to have a good time.
Well, it was a good time.
Thanks for all our listeners who tuned in.
I got stats.
Final predictions for tomorrow.
Do you have a,
do you have a horse in this race?
I got one.
I got my boy two sharts
yeah i'm gonna root for him um holly been your dad yeah i knew that i could see it from the
comments how you're dutch um i'm just gonna go with him i'm gonna go he's the guy we know he's
the guy who went on the podcast he's the guy who's showing his face he's the guy whose wife's got some
skin in the game you know he's she's paying attention. I think he's kind of
figured out how to make it work.
I think a lot of these other guys are spraying and praying.
I think he's done a good job.
I'm going to go with him.
I'm guessing Miriam is going to have
a market up for who will win
the contest. I'm going
to think about
sprinkling our boy two shorts.
Let's do it.
Depending where the odds open up at.
Spacebar just asked, and I got to ask you, Tyler,
why do I not have wrecked energy drink?
I would take wrecked energy drinks seven days a week
if I knew how to get it.
See, that's a limiter for me.
That's a limiter for me.
So I'm a heavy coffee drinker.
I don't drink energy drinks.
Yeah, me neither. It's just this is easier. If I'm in the middle drinker. I don't drink energy drinks. Yeah, me neither.
It's just this is easier.
If I'm in the middle of a pie and say,
like, I can just go grab this from the fridge.
And liquid death energy drink.
I'm a shareholder of liquid death.
Full disclosure.
But it's the same amount of caffeine as a coffee.
So, you know, they're like,
we need to be in energy,
but we also like to pretend we're healthy,
so let's pretend that we're actually on a mission
to make energy drinks less energetic.
I'm not sure how well that's going to go for them,
but they did have a Super Bowl ad about it.
People love Liquid Death.
It's got a cult following, indeed.
Amissed by me, I should have been drinking
Wrecked on the show.
I've been good.
We've got to support the brothers, Tyler. We've got to support the brothers, Tyler.
We've got to support the brothers.
If we run this back.
We'll chat about tomorrow, what to do
for the final. It'll probably be
running live during FOMO.
We'll chat. We'll let our
listeners know what the plan
is. Stats, this has
been fantastic. Thanks for coming on the stream with me.
Thanks, Tyler.
Appreciate it.
And appreciate everyone who stuck around and hung with us in the comments.
And we'll see you guys tomorrow.
Tune in live for the ACE trader finals.
Bye everybody. Thank you.
