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LIVE FUTURES TRADING $ES $NQ
Recorded: Dec. 7, 2023 Duration: 1:24:10Space Recording
Full Transcription
Morning, morning, morning.
What's going on, Alpha?
What are you watching this morning?
Testing, testing.
All right.
Hey, hey.
What's up, buddy?
It's good.
It's good.
What are you up to?
Oh, boy.
I'm in FugitiveStrox55.
Posted that in the Discord.
Posted it on Twitter.
I got an FugitiveStrox55 attack unit.
So I'm up.
I mean, I'm already up 17 points, 18 points, more or less.
Awesome.
Yeah, I mean, I saw this morning.
I mean, watching this ES chart since yesterday, man, this 255 zone of support.
Yeah, so I was watching this zone since yesterday.
I had a breakdown or break up.
And this morning, she looked nicely holding that zone.
I'm like, all right, cool.
Let's get long over here at 55.
Looked like a nice squeeze coming out of it.
Yeah, fade a nice.
Fade nice.
Still holding like a couple of runners.
But, yeah.
Very nicely done.
I'm going to close my charts right now for you guys to have them.
Sweet.
Looking forward to it.
Good morning, Paul.
What's going on?
Good morning, Wolf.
Just, you know, watching us back in that same zone we've been in, seems like for a couple
of weeks now, we've stuck between 4555 and 4580 on ES.
I thought the overnight session yesterday may get us up out of here, take off.
But it seems like after New York opening yesterday, we just dropped right back down in here.
So this morning, I saw that little dip down off of the news for unemployment and took a couple
of longs, but just 4573 was my level.
So I'm trying to see, are we stuck in this chop zone again today or what's going to happen?
Sounds about right.
Yeah, we've been sitting here choppy.
What else has been going on in your world, Paul?
Elite trader and futures and stuff like that.
Any other news?
Yeah, you know, we've gotten some great feedback on our promotion that's going on right now
for Elite Miss.
We've got the Christmas advent calendar.
So every day, you know, we've got another special going on.
If you haven't heard about it, you know, check out our social, come over to our discord or,
you know, just pop onto our website and see what the special of the day is.
We've got a lot of things brewing this month and people are loving it so far.
And we're pretty excited for the end of the year, just 2024.
We've got some things up our sleeve, some great updates coming and it's going to be a game
changer.
Beautiful, beautiful.
I'd love to hear that.
But definitely, I've been seeing more and more interest in the futures side of things.
And obviously, we're the only futures trading space on X.
So hopefully, you know, those people continue just to get funnels to the right place and
can get started with you guys on some of the simulators.
For sure.
I love it.
Okay, Yellow Bird.
Good morning.
What are you watching?
Good morning.
Good morning.
I'm watching cattle on my swing, hoping it reaches about 160.
Another great thing about futures is the other commodities you can trade.
As far as MQ or NQ or MNQ, I am just going to react today.
I was looking at the daily chart of it recently, and we're up here near the August levels where
we rejected earlier and moved down.
So I'm cautious going along in this, you know, on the larger time frames, but optimistic.
Sounds good.
Frank, I see in the audience I invited you up.
Evan, can you run through some of the news that we should be looking at today?
Yes, sir.
I completely forgot the day, so sorry about me going on that space and shitting on your
cooking, which isn't bad.
It's just you.
Turkey bacon isn't real bacon.
All right.
Kathy Woodenark Invest bought 1.58 million shares of Palantir yesterday.
Robinhood launched its crypto service in the European Union today.
We also had the U.S. Bitcoin ETF issuers, the people who are trying to get that passed
through the SEC.
Apparently, they have moved into advanced talks with talking about key details now, and that's
according to a Reuters report this morning.
I'm surprised Hood and Bitcoin haven't been moving higher, but I wonder if just what's been
happening over the last weeks and the excitement around it played a lot of that theme out.
We had a Microsoft president meeting with China's Minister of Commerce to discuss topics ranging
from AI to trade relations.
Tata Motors is pressing Indian officials not to lower import tariffs on 100% EVs to protect
domestic injury, industry, sorry.
And that is as the government is currently reviewing Tesla's plans enter the market where they would
want to see those tariffs cut.
So we will see.
It seems like, I don't know if it's a precedent that we'll get set, but definitely keeping
that one on watch.
There was a little bit of jobs data this morning as well.
Initial jobless claims came in at $220K in line with expectations.
And then the challenger layoffs, this is U.S.-based employees, employers announced $45.5K job
cuts in November.
That is down 41% year over year, but that is up 24% from October.
Earnings are two this morning.
Dollar General was the real one that I was looking at.
EPS was $1.26, being in expectations of $1.19.
Revenue of $9.69 billion, being in expectations of $9.65 billion.
That stock is up about 3% in pre-market.
So I'm definitely keeping an eye on that name over the next little bit.
Apple had an executive leave the company last night.
He's the one who helped invent the iPhone screen and Touch ID.
His name is Steve Hoteling, Hoteling, I don't know, something along those lines.
SpaceX is reportedly looking to do a tender offer, which means they're going to allow employees
and insiders to sell some shares to other insiders, to other new prospective, sorry, investors.
And that would be at around $175 billion valuation.
So I'm definitely keeping an eye on that one as well.
Back over to you, sir.
Very nice.
Good morning, Frank.
What are you watching today?
Good morning.
I'm watching NNQ.
I actually was on a Spaces late last night, and I'm like, yeah, I think I'm going to buy some.
So I didn't, but I just didn't want to sleep on it, put a stop in or whatever.
So here we are up, you know, it looked kind of weak.
We closed very weak, and we're up 100 points this morning on the Q, which is NQ, which is about, you know, 0.75%.
So we're back into that middle of the range.
So I'm going to just sit here and watch and see which way it wants to go.
But we're down towards that demand zone and see if we get up towards that supply zone this afternoon in the short term.
That's about it.
Very nice.
Frank, good morning.
Kim, how's your morning going?
Good morning.
It's rainy here in Seattle and flooding, but we're doing good.
I'm watching the Russells.
So I had a short on, wish I would have added a little more yesterday.
I didn't.
It was really strong.
It was up 33 points and then, like, you know, fell way back.
So kind of watching to see how that's going to.
I'm kind of wanting it to pull back to about 1829.
Maybe not today, but within the next few days.
And then looking at M&Q, it's struggling when it's getting over that 16,000 mark.
16,048 is the exact number that I'm kind of looking at where I might add a few more shorts again.
And we've had a reversal.
So just sitting and watching where we're at.
Sounds good.
And Sharky, what's going on this morning?
Hey, how you doing?
Doing good.
What are you watching?
Yeah, we had quite the move overnight.
And actually, Frank, I was almost going to mention you.
I did take the long overnight.
I saw us facing as I was doing some work.
But I did it in ES as we were hanging out around that 45, 50 area.
Honestly, I didn't think we would get back over 45, 60.
I thought we were going to get stuff there.
But now we have broken back above.
So we're coming into an interesting spot here in this 43, 70 area.
So I will be being a bit cautious coming in because this is pretty much a next big pivot for me.
So it actually might be that because we did create a new hourly and 30 minute downtrend.
So this could just be the hourly lower, lower high overall.
So I might lean a little bit more towards the short side at the open once again.
But I am going to wait because being over 45, 60 does put me a little bit more in a bullish perspective.
So, you know, until we get over 70, it's going to be a little bit tough for me to do anything per se.
Because, you know, it's like a 10 point zone there that we could just ping pong back and forth.
But either way, really impressive bounce exceeded my expectations.
And and yeah, so I'll just wait to see how the market wants to react after the next, you know,
after 15 minutes of the open and then make a decision from there.
Sounds good, Shark.
So everybody waiting a little bit here on the decisions.
If you're watching in queue with us this morning, we have been trickling up.
But maybe that's too light of a word for it.
We're all the way up to 15, 9, 3, 4 here.
And if you're looking at make sure I'm real time.
I am real time.
And if you're looking at ES, the same seems to be moving up there.
There's a lot of stuff driving this.
I think coming from the traditional markets, right, obviously, futures tied to those markets.
Google, they released that.
You know, I think Evan mentioned the new AI.
They're pumping this morning.
Shout out Jason Calacanakis posting that he put one hundred and thirty thousand dollars into Commons yesterday.
So subtle flex.
And so that is certainly going to be pulling things up here.
Paul, maybe you can give us just a minute or two.
You're kind of in pre-market as we get into it.
Just what that relationship really looks like between the traditional stock market and futures.
For those who aren't familiar with them.
Yeah, well, that's a good question.
You know, as we look at this news and how it's affecting the individual stocks, you know, these companies, they got the news releasing AI seems to be the big one.
Of course, Google coming out.
Who's who's going to get behind that?
You know, what type of program are they going to do?
Are they going to let this run?
Are they going to cut it short?
How does that apply to futures?
You know, how's that weigh in the individual markets?
I think it's, you know, getting into the technicalities of it.
It's not really my position to sort of delve into that.
I'm sure there's a lot of.
More information than I could.
But, you know, when I personally looking at this, I wait for this news to drop.
I'm not looking at the individual companies under, you know, a microscope so much.
It's I do appreciate, you know, their moves and, you know, their sort of innovations they're coming out with and how that's going to affect their bottom line.
But when it comes to moving ES and NQ, it's a day-to-day thing, right?
Some days it looks like one company could be holding up, you know, some area.
And then right as we're bouncing around a chop zone, okay, well, Apple's having a great day.
Well, we're going to see the market pop up a little bit.
And is that going to get to that next level of importance where we see some action?
You know, that's kind of how I look at it.
I'm not weighing so much on the individual companies as I am to see, like, okay, how are they acting around their specific levels and how is the futures market responding to that?
Yeah, that's really well put.
Something new that we're all learning about as we go through here.
We're about to hit the Open in just one minute.
9.30 a.m. Eastern.
Obviously, futures already moving prior to the Open.
And Kim, can you talk for a second as to outside of ES and Q, what else are we looking at?
We always talk RTY, CL, some of these others, right?
Yeah, so I've really been paying attention to small caps.
And if you catch a move either way on the small caps, it's been a pretty nice trade.
You know, so right now it's just retracing the huge move it's had out of kind of the $1,800 mark.
That's where it couldn't break out of.
And then once it broke out of the $1,800, $1,800, it just flew up, you know, like I think it was 60 points that day.
I was in it when we had a 70-point move right before that.
So that was really nice.
I also look at gold futures.
And I've traded gold futures quite a bit.
I'm not in it right now.
If we get down to the back to the $2,000 range and if that holds, I would go long there again.
But I use these other futures as a way to kind of like give alpha to my portfolio, so to speak, in areas where I'm not long stocks.
Also, I look at the VIX a lot and really pay attention to the VIX futures.
So if it's making big moves up, then that kind of is a clue to me to maybe, you know, add some shorts.
And then I pay attention to yields.
I don't really trade the yields.
I kind of wish I had traded the yields, but I definitely watch those.
Yeah, that does make sense.
Frank, are you watching those yields in tandem with this as well?
Yeah, I'm watching the yields, which have gone down every day.
And, you know, the market under pressure last few days, a lot of it, I think some of it has to do with the dollar, which has been going in a straight line up.
So we're against resistance here.
It's down a little bit this morning.
So we dipped about 30, 40 points in NQ and then bounced right back.
So I think that you've got to keep an eye on the dollar and obviously the yields.
Yeah, that was a sizable move there in NQ that got right back up.
Right.
Very interesting.
Long MNQ.
Oh, boy.
I think a lot of the shorts got trapped overnight.
Oh, we took over 70.
Okay, we're going to...
What is it?
Yes, over here at 77, 45, 77.
20 points move.
Nice.
Nice.
Shirk, what are you looking at getting into?
Nice job on that long, by the way, there.
Yellow.
This 45, 79 to 45, 82 is a short zone for me.
We've had multiple reactions here.
This is a big area.
I haven't done anything yet, but...
No worries, no worries.
So, so far, we've had one long call out here and it's been a gorgeous one.
Very nice.
Yellow, where are you looking to trim this?
I'm trimming every 10 points.
I have contracts all the way out to 40 points and then one runner at 100 points.
So, I'm looking to possibly just fill and chill this and sit back and watch it.
Sounds good.
Sounds good.
Yeah, gorgeous, gorgeous.
What a move there on NQ.
Pumping off the open.
Things looking nice and long.
Okay.
You know, this happened yesterday and I think, I don't know what time, but we ended up having
a reversal.
You know, it had this huge move up and then it went down.
So, I'm not saying that's happening today because we've had several down days.
So, I would kind of expect that we would have an update, but...
Yesterday, we opened.
I mean, we rallied into the opening and then we opened at 930 and went straight down.
Basically, up like 10 points, straight down.
So, but there was a similar rally into the opening that we had today.
And today, we, you know, it was kind of a fake out.
They came in 40 points and rallied again.
Obviously, Apple, AMD's up four points.
Like, AMD's up almost 4%.
I'm a little bit more hesitant of trying the short on ES with tech being so strong, but...
Agree.
Because you've got Google way up, too.
So, you know, Apple's up 1%.
They're all traveling together.
Yeah, they're all traveling together so far this morning.
So, even though this is a short zone, I like to take in all those factors and say,
okay, well, maybe, you know, with tech, it's going to just drive the market here.
So, we'll see.
Good morning, Sim.
How are we doing?
Pretty good.
What's up, guys?
Good morning.
I'm long SPX right here and also ES.
I kind of like how we broke out.
We capped up a tiny bit here.
That 455 level still proved to be mad annoying, but it's nice to be right above it.
Apple is super strong this morning as well.
Man.
Yeah, Google is just carrying shit right here.
Apple coming.
And, yeah, definitely these are going to continue to pull in queue.
Holy moly in queue.
That is a 60-point move off the bottom of that candle right now.
I just scaled 40 points right there.
And I just have my remaining runner on that account right now.
Can you cover real quick just why you went long there?
What was, you know, enticing to you?
Yeah, so we went down and tested that 15-9-10 area, which was where we had some very small consolidation earlier and a sharp move up on the two-minute chart.
So we went down and retested that, and MES was driving up pretty solid as we were bringing that candle back up into a hammer candle.
And so once it turned into a decent hammer candle, I went long.
Once again, I had five contracts, scaling out every 10 points for the first four contracts, and moved my stop to break even after 10.
Beautiful.
Yeah, Frank?
Yeah, I'm flat.
You know, I tend not to trade the first half hour of the market.
I want to see, you know, direction and kind of, like, let it set up.
I have, like, my lines in and my, you know, demand and supply zones, and I want to see how it acts the first half hour.
There's no rush for me.
Because when I, like, yesterday, I actually bought that initial dip in the market, you know, but it was down, like, you know, 80, 70 points in NQ.
And, you know, and then, you know, it popped 10 points, and then it, like, ripped down again.
So if I trade the first half hour, I have to have a strong bias.
And right now, I'm just watching all these tech stocks.
Like, I'm watching the Dixie, Apple, Amazon, Google, Microsoft, Meta.
I'm watching them all up.
Although Microsoft's giving it up quickly again.
It's acted pretty terrible.
It's pretty weak.
But the rest of them act really well.
And if you get four of them in unison, especially Apple, if you get Apple and Microsoft in unison, it's off to the races.
So that's what we're looking at this morning.
Yeah, I'm not in a rush to trade the first half hour of the day.
I'm looking for a bigger setup.
Not necessarily.
You know, I'll scalp it, but, you know, I got to see it first.
That's just my style.
Anyone else trying to catch this move back down with me?
Or is there too much strength?
I would have, but I hesitated.
This is that short zone style that scared me away, but it's here.
Yeah, it's a tough one for sure.
But it's also kind of been the theme, you know.
I don't know if lightning strikes three times, but we've had, what, the last two sessions?
We rallied up, and then we faked out the bulls, and then we just came crashing down.
So do we do it again?
I don't know.
I mean, I have a short position on the M2K, but I've been swinging that for a couple of days now.
So, like I said, I'm looking for that 18-29 spot.
NQ, I don't know.
Look at NQ go.
Tech's so strong.
Yeah.
NQ just, it came in and ripped again.
Like, if you got caught in that short, you're done.
Oh, no, I got out of it immediately.
Kim, I love that gold idea, because I was looking at that actually yesterday.
I love that gold idea with the structure retest at 2000.
Yeah, I mean, that's where it broke out, right?
Exactly.
Where it kind of broke out, Ed.
Now that's probably your support.
Yeah, I want to see about that structure retest.
Yeah.
I'm going to be shorting if everything is too strong right now.
If everything is strong up here.
I think the most fun ticker to trade on the futures, if you catch it right, is silver.
It has huge moves when, you know, you got to, like, I'm not in it right now, but.
Crazy moves.
If we get over this, we'll take out that hourly downtrend.
So, 30-minute downtrend got taken out.
4.5720 on supply.
So, it seems like it's running into that, like, 15.980 zone is tough on NQ.
I haven't even looked at a yes, but this thing, really strong.
Yeah, ES is, you know, approaching at 45.80 at top of that shop zone that it's been in for the past couple weeks.
So, all eyes on 45.80 over here.
Evan, any, I saw you tweeted out about Google.
Any others standing out?
Well, that is literally what I was about to say, too.
AMD is up 5% after that AI events.
It's in Google with Gemini.
There's also a pretty nice note about them from JP Morgan this morning as well.
So, those are the two standing out to me.
But all the other ones are having a pretty nice ramp up as well.
It's so weird because that Google News came out before the close yesterday.
I was watching it, and it, like, didn't move, really.
And so, what sent it up this morning?
I think it was the analysts talking about the Google event from yesterday.
I'm going to take some profit right here at 18%.
It's not really much for me, but we got a little weakness coming in on the tape that I don't like.
So, I'm holding everything break-even stop.
Nice, nice, nice.
Okay.
Yeah, so, still some sellers coming in.
That would be crazy, Shark, if we do get that same type of formation again, right?
Yesterday, because I think we were talking about, when we were watching it, me and Frank,
and the NQ dropped, like, 100 points in, like, 15 minutes.
I didn't tuck it, but I just watched it.
I think I got it on ES.
What was that, Tuesday?
I think it was Tuesday.
Or was that yesterday?
Yeah, no, Tuesday.
It was yesterday.
Man, it is just a tough one out of today.
So, I will say, I was...
Don't worry, it's having me.
It's working.
I was talking to my husband, Mark, who, you know, was the floor trader.
And he was like, Kimberly, I got the floor trader feeling right now.
This tape, I don't like the action.
And, you know, he was really wanting me to put shorts on.
But it's when he gets that look in his eye, which isn't a lot, and he's like, I can feel it.
This tape action is not good.
And something's not right about this tape action.
So, that's making me a little cautious long.
Because typically when he says that, he's right.
So, Frank, were you a floor trader?
Yeah, I was a specialist on the New York for 25 years.
Yeah.
So, did you get that?
Are you getting that same sort of feeling?
Because he, like, said it about five times yesterday.
He's like, I don't like this tape action.
Yeah, I don't like the tape action.
You know, I'm trying to put my finger on it.
I think, you know, I try to put it into words.
I think it's a dollar.
But I think, you know, we're finally going to get some kind of break.
I don't know if it's today.
You know, I think it'll come and tell us in the charts, right?
We'll be able to see it.
But, you know, suddenly it just doesn't act like something's changed.
That's what he said.
He's like, no one can see it like a floor trader.
You guys don't understand it.
Like, I feel it.
I mean, it was a 40-point drop there.
Can you do?
Well, I mean, I tried to catch it twice.
And I just keep getting scared out, you know?
Oh, come on.
I'm just sitting right now.
Shout out to Jason Kalkanakis, Evan.
He's up $6,500 on that, on Commons from yesterday, on that Google trade or investment.
Nice.
So, yeah, I mean, NQ just sitting here, 15, 9, 4, 8.
Yes, sitting here, 4, 5, 7, 5.
A couple of interesting pieces so far this morning.
I want to welcome everyone in as well to our future trading space.
We do this once a week.
We're the only future trading space.
Yeah, Frank, go for it.
Sorry, I'm muted.
No worries.
If not, we're the only future trading space on it.
I just bought, I'm sorry.
I just bought NQ at 15, 43 when it touched the EMA.
Small.
It's a small trade.
I'm not even, and look, it's coming right back at it.
Unbelievable.
Let me give it a chance here.
I have a limit buy at 15, 9, 40.
Thank you to all who are sharing out the space as well.
Appreciate it.
Definitely make sure that you are following the speakers that are up here.
And if you're looking to try futures trading yourself, a reminder, we've mentioned this in past spaces,
but please do not go and just throw $10,000 in an account and take a stab at NQ.
It's going to be rough for you.
The best way to get started with futures is via a prop from Simulator.
This allows you to basically invest about $50 to $60 or even less.
There's a link up top, but I'll also share with people in the DMs.
And this allows you to actually get an account, play around with it, be in real-time trading on a simulator,
feel it out if it's a good thing for you.
And the beauty to it is, if you perform really well in these simulators,
it's not like other simulators where there's no reward.
This way you can actually get a fully funded account.
Even some of my favorite futures traders like MapleStacks actively uses a prop firm,
exclusive, started trading on a simulator, right?
I think a lot of the smartest people that I've seen go in this area.
So definitely want to just point that out.
And if you're interested in trying futures trading on a simulator,
you could just DM me the words simulator or the word simulator.
I'll get it over to you.
Here comes the short.
Come on.
Man, I should have just stayed in a couple of these.
15, 9, 3, 8.
Looking like we're coming down a little bit here.
And something else is pulling back here, too.
I wonder if it's crypto.
Something else is moving.
Oh, it's my poor Celsius.
Is there data?
Evan, data?
There was a lot of jobs data this morning.
Let's see if there's a 10 a.m. drop.
Wholesale inventory is at 10 a.m.
I don't personally have any three-star stuff for 945,
but it doesn't mean there isn't any two-star stuff.
It's a little bit smaller.
Nice.
Nice.
Just looking.
Just looking.
Trying to see if I can get.
A signal in one direction or the other.
Right now, I do have a bearish signal on ES.
However, I'm waiting for a five-minute close on that
before I go ahead and do anything.
Which sometimes just means that you missed the whole move.
That's okay.
Look at NQ.
Sharky, are you in?
I know.
I know.
I know.
I'm just sitting here and forced to watch.
I know.
I know.
I took two stabs that I got stopped on.
I think we're going to bounce right here, though.
Yeah.
Microsoft is basically a point of control here.
What did you say about Microsoft?
Microsoft was up like $1.50.
It's down $1.
That's why NQ came in.
Got it.
Oh, man.
So, yeah.
I mean, here's basically that 100-point, well, 60, 70-point move.
Oh, boy.
Elon is out there throwing shots.
If you guys just saw Elon's last tweet.
Good Lord.
Oh, my God.
What is he saying?
Elon just tweeted.
So, there was a post from CNBC that said, Facebook and Instagram content enabled child sexual abuse.
And then, everyone was saying, oh, well, I'm sure everyone's going to pull their ads from there.
Of course, they didn't.
So, Home Mars retweeted it and said, sponsored by the Walt Disney Corporation.
And then, Elon Musk just retweeted that and said, Bob Iger thinks it's cool to advertise next to child exploitation material.
Real stand-up guy.
Oh, boy.
He's out here with the shotgun this morning.
Well, here's the 45-70 pivot.
Well, that might not have been a great tweet.
Could save that for a good amount of them.
We'll see what happens.
All right.
Still waiting on this five-minute close.
We've got two minutes left on it, but certainly, we've had a nice big down candle here on NQ for anyone that did have the cojones to stay in those shorts.
Oh, boy.
It's still going.
The other thing that's interesting with the market that's going on right now is the bulls have tried to get price to accept higher out of this balance range that we've been trading in for a while.
And they've failed three times, and now it looks like they've tried to go for the breakout once again and fail.
So, this is four times now that the bulls really have not been able to materialize acceptance higher, which is – we haven't broken the lower – the true lower part of the balance yet either.
But just the fact that they've tried so many times I think should be a little – should just air a little side of caution overall.
What's up, Paul?
What else are you looking at?
No, I just think that's a great comment.
It's – I almost was feeling like, well, yeah, it's true.
We could almost say the same thing of like, well, we can't really get some acceptance down lower either.
I've got these lines and like saying, okay, let's get ready to short, but then again, it takes back off up into the chop zone.
So, it's – neither side can really make up their mind.
You know, we saw ES approach right up to that 45-80 zone and reject off of there.
So, I'm kind of sitting here waiting like, well, are we going to see a big drop down below this 45-73 area?
How far is it going to come back down?
This has been a pretty big climb off of ES since, you know, about London time.
So, my eyes are just kind of watching this right now and sitting on my hands.
Oh, this is just – I guess it does happen four times in a row, huh?
Another trap for the bulls.
Sam, how's it looking for you?
I always love your analysis.
For me right now, I'm actually long biased, believe it or not.
I mean, not as of yet.
I took a little bit of profit off of that.
Didn't see much continuation.
Tape is just really slow, to be honest.
I'm actually waiting for this data release here in nine minutes.
Hopefully, we'll get some volume to pick up here, but we're just kind of falling apart here.
But, again, there's no really significant buying or selling that's happening, so there's not really an entry point for me just yet.
I would like it to pull back to around 62-ish area and really see what happens there.
But one thing that I've been talking about kind of all – well, not just all week this week, but even last week as well was that 455 level is just ridiculous.
So, I'm going to utilize that as a potential pivot, assuming that we get back down there.
But other than that, really –
Short M2K.
Other than that, really, there hasn't been much amazing moves that I liked just yet.
Hopefully, we'll get some continuation one way or another.
The short was great if anybody took this up top.
But other than that, I mean, Apple looks a little weak here.
Spy was holding, though, earlier, so it's not really moving much with Apple.
So, I really want to see what happens here.
If we get a nice bounce up here and reclaim up 72-ish area, I'll look to go long there.
But other than that, kind of staying risk-off today.
What was that big candle on M2K?
And it's still going around RTY.
What data do we have?
Because we're coming into a potential area where I might want to take a shot at the short.
We'll sell you in the course.
Have anyone seen that reversal on RTY?
Yeah, I'm shorting it because I just don't trust this large move.
It was almost weird, huh?
This large move, yeah.
Yeah.
And it's right up into the previous resistance.
So, I took a short, and I'm managing it right now.
Haven't been able to scale out a little bit.
Someone asked a question.
I forget who mentioned this.
Maybe it was you, Frank.
They asked, what does risk-off, risk-on exactly mean?
Risk-off means that, you know, people are selling.
Risk-on means back on again.
So, you know, there's certain, when some economic news, it's risk-off news.
It means, you know, it's bad news for the market.
It's just a term that gives people a quicker release of what they think of the market.
Definitely risk-off.
You know, it's just another, you know, Wall Street-ism that people use.
You know, either I'm in the market or I'm in the market.
I don't like the market risk-off.
It's risk-off market.
I think it started at CBC, like, in the 90s.
And you would probably know better than me.
But I also kind of took it as our investors are willing to be in more speculative areas of the market,
like RTY or Bitcoin or things like that, versus going to fight the safety, you know,
in something like a utility sector or industrials.
Well, I think it's over, like, a risk-off trade would be going into utilities, right?
You know, that would be, or into bonds.
That's risk-off.
Risk-on means going into, well, it used to mean going into, like, the big, the MAG-7 and, you know, tech and Qs.
They were always the wild bucks, so.
Right.
Yeah, that's kind of what I always took it as.
Oh, boy.
All right.
Looking like...
Still trying to come down here.
Right now, I am currently triggered short, but I'm not taking it just yet.
But that's what my algo's telling me.
What is, like, the percentage, so to speak, of the algo giving the right signal?
Oh, I love this algo, but I've only been using it for, like, a month.
Me and Jordan both actively trade off with this one.
However, I'm basically bringing it over.
It's not on futures.
It's on regular stocks and indexes and stuff like that.
So I'm kind of, you know, transposing it from SPY and QQQ over to NQ and ES.
So it's not going to be perfect there.
So it's a little bit tougher there, but that's kind of what I'm looking at.
But, yeah, it's, I mean, I really like it.
It's fantastic for me.
Nothing's going to be 100%, obviously, but I'd say I'm, like, probably, like, 80%, 75% with this.
I don't take all the, you know, the entries and exits, obviously, but I like to watch it.
I mean, if you can get an 80-20, that's actually a 70-20 even, or 70-30.
I just said 70-20.
I can't add this morning.
70-30, that is a pretty good rate.
Oh, yeah.
Consistent with it.
I'm still learning with it.
It's a newer one that I'm trying out.
Oh, okay.
So, RT, why now?
Who took that?
Yellowbird?
Yep.
And I started scaling on it a little bit.
That was getting me a little nervous.
I mean, it seemed like a really wacky move.
No, I shouldn't say nervous, but it seemed like a wacky move.
But, yeah.
I'm long.
I tried to buy it down there.
I was running M&Q.
I only got long two.
I'm long two at 9.03.
And, you know, the market's coming back up.
I think that Microsoft caught a bid here.
That's why.
And I had scales down there, and I was just starting to scale in.
So, I only got two on.
I was trying to buy, like, 30.
I'm long at 0.375.
It's at 24.
Sounds good.
If we come back up to 9.36, I'm going to try short.
This is a zone here, but it really could go either way.
It's stuck between a couple of key areas for me.
So, it's a tough one.
All right.
I have DMed everybody that asked me for the simulator to trade alongside us
without having to risk more than the 40, 50 bucks that the simulator entry is.
So, if you do want it, now's a good time to DM me the word simulator and get it.
And if you have any questions on it, you can see the link that I pinned up top in the space,
and it should be nice and easy and helpful for you.
With that being said, M&Q, kind of just sitting here the last 15 minutes after that big candle down.
I don't think anybody caught that candle down.
Unfortunately, we were all kind of just sitting and waiting a little bit.
I'm short bias here, actually.
I'm flipping it.
Just by looking at the tape right now, there's a little weakness that's coming in.
So, some lot sizes are increasing as well.
So, I'm a little more short bias than anything, but this is not necessarily an entry for me just yet.
I want to see if we can break this 7-2 level on SPX and see any upside here.
I mean, the tape is kind of slow, but again, more short bias than anything just in the interim.
Got it.
Yeah, we have the daily expected move for M&Q sitting at 15, 925.
So, I am short biased myself on that.
And then ES was at 4578.
And we tested above that shortly on the five-minute and then rejected down so far.
So, I'm with Sim on this one.
I'm a little short biased on the major indexes.
Yep.
I'm still looking short as well right here.
Yeah, I just want to see what this data does here in 10 seconds.
Which, okay, no, we've said it multiple times.
Sorry.
Thanks for the reminder.
Yeah, I blew out those two MQ at 16.
Hmm.
Hmm.
Minus 0.4%.
That means anybody to anybody.
How do you interpret that?
Hell if I know.
Same here.
Evan, you have any thoughts on that, Dave?
Oh, yeah.
Paul?
No, go ahead, Evan.
You can go first, Paul.
I was going to say, you know, while we're chomping around this 4570 area, sort of waiting
to see what it's going to do, top of the hour, wanted to remind everybody that, you
know, our Elite Miss is going on and, you know, it's our Advent calendar for Christmas.
And the one from yesterday goes until 11 p.m. Eastern Standard Time tonight.
And that is a big one.
That's 75% off our 300K one-step evaluation.
People are loving the big discount on that.
And today's, if you haven't noticed, it's 50% off non-fast-track evaluation resets.
Those codes are HOLIDAY23.
You can check out our Twitter or come on over to our Discord and see what we got.
We got a new thing every day this month.
So please come check us out.
We'd love to have you.
The month of giving.
25 days.
All right.
We did not do anything off that data.
We're just sitting here.
Evan, what were your thoughts on that data?
Evan, if we got you?
Yep, we do.
Sorry.
You know when you do something incredibly stupid just in the real world?
That just happens.
So we're dealing with that on the outside.
But it came in below expectations.
That's my life.
I honestly have no idea.
It came in at negative 0.4%.
It's back to negative 0.2%.
Sounds like inventories are a little bit below what people were expecting.
But I have no idea.
There's so many data points that I don't necessarily care about, but the market seems to care a tiny,
tiny bit about.
But yeah, I've had to learn a lot about bond auctions over the last couple weeks as well.
I might try the short here, but I could get stopped.
If I do, I will look to try again at 936.
That was funny.
Somebody commented on the risk on, risk off.
They said mask on, mask off.
I don't know if anybody saw.
They did a choir, like an orchestra, and they had Metro Boomin out there, and they performed mask off with an orchestra.
That's pretty good.
So what else is going on in this market?
Because we're kind of sitting flat right there.
At least Ethereum's popping.
Is there anything in the futures world, Paul, that is tied to crypto?
Or Shark, do you have something first?
No, I'm sorry.
You're good.
Paul, I was curious.
Anything in the futures world that's kind of tied to crypto?
Well, the CME, they do some cryptocurrency futures.
We offer those.
BTC, right?
That's the Bitcoin future.
ETH, that's the Ethereum future.
Cryptocurrency future.
So there are some things like that that they're looking into.
It's mostly just the two big ones right now.
But it's, you know, we're watching this news.
Regulators are looking at it.
They're probably choosing, you know, who's going to get the opportunity for what.
So we're hoping that, you know, in the future, those things expand.
But as it is right now, we've got the two big ones with Bitcoin and Ethereum through the CME that you can trade with us.
Very nice.
And it's not just the full size either.
You can go with the micro Bitcoin, MBT, or MET for micro Ethereum.
So that's the beauty of futures is that you don't have to go with the full size one.
You can always look at the other market, sort of dip your toe in and see if that's something for you.
I'm talking about trying these shorts here soon.
Getting close.
Inch and closer.
15, 9, 2, 2 here on NQ.
I have done it.
You went short?
I had 18.
He hath risen.
Let's see, man.
It's a fighter today.
Yeah, I kind of expect I get stopped on this one.
Just show me the green.
I'll work these up into 26.
I couldn't hear, Paul.
Did he say that you can trade MBT for crypto?
Yeah, yeah.
The CME does have micro Bitcoin that you can trade.
Yeah, I can.
Can you guys hear me?
Yeah, I can hear you.
Did he say that you could trade MBT for the futures?
Sorry, can you not hear Paul Kim?
No, I'm going to go down and come back up.
But I was just wondering if he said that because I couldn't hear him.
Yeah, he did.
Okay.
I'll go back down.
What's the sound?
Yeah, I, like, immediately jumped out of that short.
Yeah, I, uh...
So it's no bueno.
We're coming up into 36.
By the way, if anybody in the audience is down in Miami, I'm going to be around Miami for the weekend for our Basel.
Here, actually, Jordan, fun fact, Jordan's in the next room over.
We're in an Airbnb right now.
This is the Spaces Airbnb currently.
Rebranding it.
Yeah, go drive around Miami and see if you can catch any of those views that were in the, what is it, the new video game that was released, that trailer.
GTA?
See how realistic it is.
Oh, yeah.
Again, because we got close to that other area, the 36, so I have 933.
Bro, Yelan is just roasting Bob Iger in there.
Good day, come.
All right, what are we looking at?
You're coming in.
Oh, boy.
U.S. Treasury website.
It says U.S.
It's fresh related to Texas, Russia.
Yeah, I couldn't even type it.
Whippy.
Really whippy.
Wow.
For me, if I take a short, this is a time where I'll go the micros because it's just so whipsawed.
But I think you do that, too, Frank, right?
You can scale in them.
Yeah.
I trade.
Yeah, I scale into them.
Sometimes I, you know, trade them big.
Sometimes I just trade them small.
Like, I wouldn't trade it big right here.
It's just too, it's too, it's all over the place.
You know, I, you know, I thought it was a buy last night and obviously I didn't buy them.
I didn't feel like carrying a position overnight with the stop.
And, you know, I just, I made a small purchase and like unloaded them.
And then I purchased them again at, like, I pushed, I tried to buy 20.
I bought two.
I was trying to scale in.
So, I'm out of those at 16.
Now it's at 36.
And, you know, I really, I'm looking at the 30 minute right here.
We're getting, it looks, it looks constructive, but I'm not there yet.
You know, just when things start to look constructive, the candle closes, the candle will collapse.
So, the 15 minutes is still pretty negative.
We've got to see where this candle closes at 10.15.
The five minute candles have those big wicks either way.
I don't know what you, the technical term is for them, but.
Yeah, that's been, that's been the way it's been the last few days.
Very whippy.
Like, you know, it acted, you know, it came in and acted great.
Now it just came in again.
You know, it whipped back up, you know, it's whipping around.
You got to be quick.
You know, in this type of market, when you're short, you got to take those 10, 20 points in NQ.
Or you'll get ripped to pieces.
You have to take it while, you have to take at least a partial while, while it's there.
Yeah, this dom on NQ is wild right now.
I am fighting for my, my life, um, back and forth.
What are these last five candles?
Nothing doing.
Um, pretty wild.
Google added five, uh, sorry, $80 billion in market cap this morning.
Come on, baby.
Drop it for us.
Yeah, that comment on, on wicks, you know, looking at this, these wicks that are being
created reminds me of that saying, I'm not sure who to originate, originated from, but
you know, some of our associates have been talking about it the past few days of, you
know, wicks do the damage, bodies tell the story.
And that's some of these mornings, you looking back, you can really, uh, feel that sometimes
in your trades too.
Put that one on a t-shirt.
Wicks do the damage.
Love it.
I'm watching this 45, 72 level.
It's holding pretty strong.
That's where the monthly pocket is in the US.
If it doesn't hold, I'll probably short it there.
Um, we're trying to get me again here, right back, basically just above my entry.
and we have some data coming at 11 o'clock and be watching that data.
Maybe that data is going to move the market.
Yeah.
Microsoft just rallied 60 cents.
It's actually, it was down a dollar, dollar 80, $2.
It's down 41 cents.
And, uh, Apple's got, you know, was, uh, up to what it was up one 60.
Now it's up to 16.
So the market's getting a bid here, but who knows?
Yeah, I'm about to get, it looks like we're breaking up this little range.
What else is catching your eye, Kim?
Um, I, I mean, the same things I just, uh, yeah, we're catching a bid up on, obviously
on NQ.
Microsoft is an interesting one.
I don't really understand the price action on that stock.
I don't know if it's Google's AI that sent it down originally today because they're seen
as competitors right now in the AI area.
So I don't know if that pushed it down.
I've trimmed Microsoft, um, just my common, so, but I mean, we're just like, we're, we're
in this range MNQ or NQ to me looks in an uptrend right now on the five minute.
So I wouldn't personally, I wouldn't take it short right here, but yeah, it just fired
back big time and it is just nonstop here.
By the way, if you're already subscribed to mine and Wolf's newsletter, check your inboxes.
Send this one out.
Let's go.
We did a whole, uh, breakdown on Amazon and their robots, their employees, stuff like that.
Order filled.
It's going to be a good one.
This, uh, we're back at the next potential worry area.
Yeah.
Yeah.
Yes.
Testing that 45, 80 area again, seems like a really base for about the past hour around
that 45, 73.
And now it's trying to push up out of the zone.
I'm going to keep a close eye on this.
Microsoft just went red to green.
Whoa.
Whoa.
Whoa.
What was that move right there?
Was that good Lord?
It's not really affecting the rest of the market.
Uh, well, hope you're not in the shorts on NQ, bro.
Oh yeah.
Yeah.
Hope you're not in shorts.
Good Lord.
You meant it went down.
Yeah.
Wow.
Bro.
That was 55 points.
That's what I was saying.
As Microsoft rallied, so did NQ.
What the heck?
And, you know, Apple rallied too, so that's, they were carrying it forward.
Oh my gosh.
Shark, are you trading NQ or are you trading ES?
No, I'm in tech today.
Okay.
But it's very, yeah, I mean, I'm watching.
Yeah, this is nuts.
Here we are.
100 points down, 100 points up.
Or, not quite yet, but, 100 points down, 70 points up.
Back near the high of the range.
Wow.
What a move right there.
Oh my God, we're still going.
What, did something happen?
Or is it just going?
Microsoft was down $2 and it went up $3.
Apple was up $2.
It went to up $1.40 and rallied.
That's how much percentage they have in NQ.
Wow.
Yeah, I mean, what is Microsoft's percentage of NQ?
Is it like 10 or something?
Or is that too high?
I think between the two of them, it's almost like 12%.
But don't take my word for it.
But it's something like that.
So, I mean, I love that you're watching Microsoft.
So, if everything's steady and they're going up, like, you know,
if they have, you know, 4% moves, you know, they can move NQ 1%.
That's crazy.
Or they can move at 5.5%.
So, you know, we're up 1% on the day.
So, there you go.
Do you think we get another rejection here on a five-day?
I would not short it here.
Yeah, I'm waiting.
Yeah.
I wouldn't be surprised, though.
I have, like, an up signal right now.
So, let's see.
You know, I'm actually looking at, you know, the dollar and the VIX.
VIX is at dollars a little weaker today, finally.
So, you know, Microsoft's only up 80 cents.
It could be up $3 by the end of the day.
You know, it's been under pressure.
This could be a nice bounce for it.
Apple, you know.
What's your Apple chart look like?
Apple looks like it could be breaking out, too.
We're at Mondays.
What's that high there?
I would watch this 45, 84, 50-ish level.
You know, it's not a bad area to short, but I would just keep a tight stop.
I would love to short it over here, but the market is just too strong right now.
I just came right now to my supply zone.
Rejecting.
Yeah.
Yeah, I don't – I personally don't want to short this either.
I don't want to step in front of the train to pick up pennies off the track.
And there you go, right?
Yep.
Look at the chart I posted.
Right on the penny.
Rejected.
This 45, 82 area on the S.
Very tough.
Now, we'll go all the way back down to the lows now.
Can you imagine?
It feels toppy.
Feels strappy.
That too.
Hmm.
Okay.
I'm taking a baby short.
Yeah.
When you have the – you know, when you're at the top of the zone and, you know, it looks like it's about to break out in this atmosphere, that's when you're most fearful or most worried about being short.
That's when you lay into it.
And it's hard to do.
Or at least you get a starter, right?
You get a starter and then –
Yeah, I went small.
Yeah.
So, like, it's not – if it goes up 20 points, I'm not worried about it.
But I – it's in an uptrend, but I don't necessarily like this price action or the kind of wicks in the candle again.
So those have kind of been my tell.
Yeah.
And I'm in at just 63.
So 63.
So 63.75.
Yeah, this one's just shopping all around.
And small caps are, you know, back – running back up again also.
So –
Evan, did you say there's another data or was that it today?
Someone said there's something at 11.
Nothing in three stars.
That's going to – should move too much.
I could double check some other places.
Do we have any bond auctions this week or that next week?
Yes, at 11 o'clock.
Bond auctions over here.
Generally, those are at 1 o'clock.
So it's weird that it would be there.
I am not seeing a 30-year bond auction today.
I am seeing the eight-week bill and the four-week bill auction.
That actually on the 30-year schedule, that's the announcement date.
So the real auction will be next Tuesday for the 30-year bonds.
So what was today, did you say?
Eight-week and four-week.
Won't move anything.
Okay.
You just posted a picture of the – what it shows me on the economic calendar.
Yeah, that's – today's the announcement date for that 30-year.
Okay.
I was confused on that, too.
But, yeah, they're just going to say, like, that they're planning to do it.
So that – I got out, by the way, because that short is not working.
We are still going.
New Hive Day coming, coming, coming.
We're right there.
Yeah.
Boom.
Yeah, and because I stayed really small, it doesn't – well, wow, that was a big move-up.
Because I stayed really small, it's not, like – I'm not worried about it.
That train is a rolling.
Jordan's in Tesla calls.
It's funny.
I can like to hear them.
Frank, you know he's in another room over.
Yeah.
So, yeah, so it opened – they bought it.
We got a lower – a higher low in Tesla.
So they're banging – they're probably happy right now.
They're trying – come on, Tesla, go.
Look at these moves.
Yeah, Tesla, sometimes, you know, it can trade opposite the market –
opposite the other techs, but –
It really does.
They should – maybe they'll pull it along today.
I don't know.
Microsoft, like, was down $2.
Now it's – Microsoft traded at, like, $3.66.45.
We're at $3.69.85.
All right.
So, I think –
That's a $3 move.
That shows you why this thing bounced like it did.
Thanks for that post-alpha.
I saw the auctions.
Wow.
What a move.
Yeah, Tesla just bumped $2.50.
Did anyone get long that?
Sadly, just –
Sam, did you get long it?
Just Jordan.
Jordan's long it.
I just went long SPX, but by the time I was going to call it, it just ripped, so I didn't want anyone to chase it.
Sam, you're –
Like, I went in the 40 – I played the 42 – 75s.
Moved so fast.
I'll watch Apple over here, guys.
We can make new eyes.
Mark can move.
Wolf, I'm still in Mikey's Carvana.
That thing whips around like crazy.
Yeah.
Yeah.
I think they're pretty far down, though, from where they were the other day.
But, yeah.
I think it's –
Well, I did the Januaries.
Oh, yeah.
Nice.
It's not like – it's not bad.
Yeah.
Actually, shout out to someone in the audience was asking for thoughts on that.
I didn't cover it because we were doing futures, but it did just pop up a few percent.
I mean, where he was calling that at, it's kind of like a YOLO.
You just expect – whatever you put out there, you just expect you're going to lose it, essentially,
or it's going to become something with that call that he did.
In my opinion.
So, obviously, I didn't trade it that big.
New Hive Day on NQ.
Yeah, Apple's trying also to make new out of the year.
Hmm.
Dollars down today.
I couldn't hold over that 104.
That's good for the Bulls.
I'm in ES and SPX long right here, off this little pull pack.
Okay.
I am long MNQ here.
Yeah, I'm wondering.
I just need a little bit of reverse reward.
So, a couple of longs.
Paul, what do you think about longs here?
They are tempting.
You know, I'm looking to see if it comes back down to, you know, is this the only pullback it's going to be?
But it definitely would be – I would like to be in one for sure right now, even though I'm not.
It seems to be leaving this 45-80 area, heading up to the 45-90s, 97.
We'll see how much legs it has.
We're going to do another 5 to 10 or so on here.
I've got to run to the grocery store after.
How's Miami?
Are you getting any Latina, Latino dancing in there, Wolf?
Oh, man.
Yeah, maybe I'll take Jordan dancing later.
You know, me and him could cha-cha a little.
Doing a little salsa, tango.
Yeah.
Yeah.
You know, the craziest thing is, it's cold right now in Miami.
I don't know if I've ever been here while it's being cold.
Where are you at?
In the Caribbean, bro.
Curacao.
Two hours away from Miami.
Yeah, that's where I was.
I was in Puerto Rico for all of November.
And that was really nice.
It was like 85.
No, Puerto Rico's – Curacao is smaller and nicer, man.
Puerto Rico's too big.
What place were you saying?
Curacao is right next to Aruba.
Oh, yeah, yeah, yeah, yeah.
It's a very small island, 150,000 people.
Beautiful here, bro.
It shocked me where Aruba was located in the Caribbean.
It's like right off of South America.
Yeah.
I guess Curacao is well.
30 minutes away from Caracas.
Yeah, Curacao is right behind.
Yeah, I see that.
Right down by Lake Valencia.
Lake Valencia.
It's a beautiful Dutch island.
It's a beautiful Dutch island.
And you're EST, right?
Yes.
I'm one hour ahead.
We don't have –
Oh, nice.
We don't have –
Maybe I'll have to turn to check it out.
Damn, Curacao is small.
Smaller than Puerto Rico.
Yeah, yeah, yeah.
Small island, bro.
150,000 people.
Yeah.
Oh, wow.
Puerto Rico's millions, yeah.
Yeah, I like Puerto Rico.
I thought that weather was good.
I'm sure Curacao is even warmer.
But right now in Miami –
It's nice.
Whenever you want to come down, come to me, bro.
I'm right here.
We'll trade together.
It's 65 degrees in Miami right now.
Terrible.
What's the normal temperature, Wolf?
When I come to Miami, usually it's like –
At this time of year, usually like 75, 80.
75, yeah.
Yeah.
It's 62 in Barcelona right now.
Yeah.
I walked outside this morning onto our balcony.
It was 60 degrees.
I was like, what's going on?
This is not why I came to Miami.
I'm outside right now in short sleet.
It's pretty nice, actually.
Yeah.
I'm just more –
I've just been through all these different weathers
because I was in Puerto Rico.
It was like 80, 85, 90 for the whole month.
Then I went back to Baltimore.
It was like 40 degrees for the last week.
And now I'm back down here.
God, I hit the cold.
Scaling that long on MNQ.
Nice.
Nicely done.
Yeah, we had another push right there.
New highs.
I'm going to take a little trim right here, 30%.
Great call, Harrison.
It's been –
I think I'm done.
I mean, I should be done.
It's pushing pretty nicely here.
I'm actually just going to look to hold these at break-even stop.
Essentially, should get this –
My level for a big break, essentially my macro level on this,
would be 458.2.
So we're getting pretty close to it here.
I think we closed the day potentially even around that 45.95 today.
I don't think we necessarily break and hold 4,600,
but I think we kind of potentially will be seated at 45.95.
All right.
Final call, final call.
We'll do a couple more minutes here.
Oh, final call for the simulator.
I've gotten it out to everyone that DMed me.
Several of you DMed me this morning.
Good to see more interest in futures.
Again, futures pretty different from the world of options and commons, in my opinion.
The big difference is you do get that same volatility as you would get with options.
However, you don't have to worry about things like theta decay.
For example, yesterday I was trading SoFi calls.
SoFi was going up, but it was doing it so slowly that my options were losing value
because they were weeklies.
And so theta was basically just cutting into the value of them,
even though I literally called the direction the right way.
So with futures, you don't have to worry about theta decay.
You don't have to worry about IV, but you still can get those big, nice volatility spikes.
Obviously, there's some learning curve to it.
So we do encourage people to, rather than starting out with your own money,
to start on a simulator, start with a prop firm.
It's how a lot of people get rolling there.
It allows you to basically, instead of dropping $10,000, you put up 30, 40, 50 for a simulator.
If you perform well on it, you get a fully funded account.
Then you trade on that, and then you can just withdraw profits as needed.
Keep 80, 90% plus, et cetera, et cetera.
It's the best system that I've seen if you are going to try them.
And if you do want it, just DM me simulator, but try to do it fast
because I am going to head out in a few minutes from here, and I'll get it over to you.
And there's a discount code built into it if you do the one-step evaluation.
It's a 30% discount code.
So just wanted to put that out there,
but definitely want to also voice my appreciation for this amazing panel.
We've got some studs up here that just consistently come and drop a lot of knowledge.
I'm always learning from them.
So huge thank you to Yellowbird Alpha, Frank, Kim, Shark, Sim, Evan,
and of course Elite Trader Funding for inspiring us to do futures trading
and really giving us all the power to do so.
So just a super fun morning.
I'll keep it over for another minute or two.
If anybody else has anything that they want to call out on here,
and then we'll wrap it up.
Google, by the way, still pushing right here.
Plus 5.38%.
And nice day for anyone that hopped into the longs.
Obviously, you know, you heard us.
Definitely I was a little botched in the beginning,
and that worked out off the bat.
But since then, it's been the longs.
Maybe we were due.
Right.
NQ, like the volatility in NQ is unbelievable.
And, you know, we had an uptrend overnight.
We opened.
We looked like we were going to fail like yesterday.
We came in almost 100 points.
When it made the bottom, you know, I tried and then rallied.
I tried to buy that second dip, and I got two off.
And I'm like, ugh.
And I just blew them out because I was so frustrated I didn't get it.
And I didn't chase the short.
You know, I've been sitting here watching it go straight up.
So you don't get many shots at it.
You got to be almost perfect.
And, you know, a lot of people got whipped around in that first half hour.
So, you know, my recommendation.
That's why I don't trade the first half hour, first 45 minutes.
It's just it's too whippy.
You know, sometimes I grab it.
But today, you know, it was quick.
And I kept saying, like, look at Microsoft.
Look at Microsoft.
Like, Microsoft was the tail.
So those one days move, make the market very volatile because everyone's jumping in on the opening.
Trying to jump on the trend in Microsoft down.
They all got they all got whipped out and got crushed.
Yep.
Paul, any other commentary for yourself?
Well, I just want to thank everyone for coming out and having another very interesting morning.
Watching the futures market this morning and discussing, you know, what everyone has their eyes on.
I love to hear everyone's commentary always, you know, makes me question my biases and gives me a little bit more information myself.
I look at these as, like, great learning opportunities personally.
Kim, you know, if you check out those micro Bitcoin futures, we'd love to hear your thoughts on that on the future space.
So definitely let us know how it goes if you take a look at them.
Thank you, everyone.
Yeah, I've traded them before.
Gosh, you know what?
You always should have, would have, could have.
Sim always says don't think about that.
But that's why I love you, Sim.
But, you know, like Bitcoin, that was just such a great – I like to use the futures.
If you really want to start a long or a short position to give some alpha to your portfolio and you want to swing it, you know, when the Bitcoin got down there, that was a time to start building a position in it because it doesn't take as much capital out of your account.
The only thing people need to be aware of is it does cash – what's the word, Frank?
Cash settle every night.
So if you're going to hold them overnight, you just need to have the cash in there to be able to, you know, pay it if it isn't going your way.
It's just a great way to get along with smaller amount of capital, though, or short.
Sounds good.
Okay, people, my party people.
That is going to do it for this morning's future training space.
Frank, you got anything else there?
No, I'm good, guys.
I think that, you know, there's somebody – who was it that went long early today?
Yellowbird.
Yeah, that was – you know, he had the market.
You know –
It's like we're trying to break out of a flag here.
Yeah, he had it right.
And the thing is, if you don't have the strength to stay in for a 40-point move and Q, you know, you can get whipped out.
And, you know, he was right.
Look at it go.
Good trade, my friend.
Go, bird.
New high.
Way to go, bird.
I love it.
Well, since he's in the other –
Watch Apple.
Since he's in the other room.
Well, quickly, before you do go over to that, I did mention the newsletter that we just dropped, giving a deep dive into Amazon's workforce.
If you want the link to that, send Wolf Financial a DM, and he will get the link over to you.
Shout out to that.
Check it out.
Good stuff.
Free.
And we're putting a lot of work into it.
But just send Amazon – sorry, send Wolf the DM Amazon, and he will get the link over to you.
Blood my DMs.
Why not?
I already sent 15 of them.
Okay, fine.
Send them to me.
I will take care of it.
It's a really fun newsletter, and we have our own graphics team making the designs as well.
We're not just, like, stealing other people's graphics or anything.
And Evan put a lot of time and effort into writing it.
I did some editing.
So it's free.
You guys can check it out.
I'll probably post it today as well, but if you want to get it sooner, you can just drop me a DM, and I'll send you the newsletter.
It's a good-looking one.
I like that there's no plagiarism.
Wolf, do you ever throw your – so after you write the letter, do you ever – one time you should try to throw it in chat GTP and see how it changes?
Maybe once I get Glock.
I – gosh, I hate chat GTP for that.
My students are always using it.
I love it.
Chat GTP saves me so much time.
I said for that reason because my –
It's unbelievable.
It's just a headache.
It saves me so much time, but gosh, I can't wait for a better version of it because that thing just has problems.
It's got problems.
All right.
That's going to do it.
They say that AI is – right now, AI is about as – it's going to take years to get to where a human is.
It's like maybe 20 years.
I don't know about 20.
They say – but I actually – one of the guys that I was listening to that's pretty proficient at it said that we're at the level of a dog right now.
I don't know if my dog – my dog doesn't have quite that understanding of contract law, Frank.
It's not –
But they say that, you know, with language, it's like a dog.
That's how smart it's eventually going to get.
Maybe it's – maybe it's –
Maybe there's some smarter dogs out there.
My dog is dumb as shit.
So, Hannah, I don't think that you can put Jachipstia and my dog in the same – my dog's cute.
That's about all she has going for her.
All right.
That's going to do it.
Sharky?
Oh, no, Frank.
I was going to say we're coming into this 1609 level.
This was important last week.
I love it.
Okay.
Well, I'll tell everybody.
There's more trading.
If you want more trading, my boy Jordan, Ace the Kid, TA, is in the other room, about 10 feet away.
I'm going to go say hi to him.
Go on over and trade with him.
I'll probably happen to that space in a little bit as well.
All right.
We'll see you there.
Wolf, thanks so much for having us.
Thanks, everybody.
Take care.
Enjoy the morning.
Thanks, Paul.
Thanks for having us.
And we'll see you next Thursday.
See you all then.
See you all then.
