good evening fellow traders and investors welcome to the stage good to
see everybody in here I see paper I see Emperor door oh well I guess I shot you
the invite there anyway I see Nick in the audience I see Michael now's good stuff
okay feeling good looking good market is sitting pretty nice don't about y'all but
I've got a bunch of crypto in my portfolio so today was a good day
at least just looking at it although I finally I finally Jordan have gotten out
of the mindset of day by day I'm not gonna lie what it does on a day-to-day
basis I really couldn't care less so much you just don't care huh yeah yeah I
don't know it used to be like oh my god you know the portfolio went up 2% today
oh no you're like whatever as long as it's not crashing all the way down I'm
happy yeah yeah yeah welcome to the club welcome to the club he's made out I
know that the profits are big enough there you go there you go that's what it
is I suppose that is what is happening here good to see you on stage paper good
to have everybody in the audience all right we're gonna get rolling here into
our hour and five minutes content that's coming up here look who's in the crowd
though mr. Danny Nas chilling like a mean mugging villain down there trading and
charting but that being said we're gonna roll into our market sentiment I
actually looked to be quite honest at who did good last week who did bad last week
I won't call you out too hard don't worry but let's take a look real quick I'm
just gonna pull up the sheet just see how we did in comparison to the market I
know the markets been a tough one yeah this is like super super split we were
almost flat Wow almost exactly flat across the board and obviously we had
things like FMC and stuff like that and I think that we had a couple of
stocks well maybe I brought down the average site through GCT in there but I
also I also blame paper with SMC I short I had a gap down day like
hundred-something dollars that wasn't fair it's true it's true it did come
back around today what a run into the end of Monday all right I see people are
kind of coming up and coming down off stage hopefully we can get people on
stage and get them staying on stage all right let's kick into it though with
our market sentiment we don't have Andrew here this week I believe so we
are gonna roll into it with Nick Drendel all right like you said it's been a
tougher environment than what the stocks have been showing lately early last
week we had rotation into the energy stocks so it looked like all right the
higher risk appetite might be on hold for a little bit and then I think it
was Thursday or Wednesday we had that gap up and from that point on we had
basically tight price action on the indexes just pulling back into five EMA
but growth stocks were back on and especially as you covered crypto the
semiconductors Nvidia closed at the new high on Friday and followed through
again today SMTI back through the five ten twenty EMAs nice move there and it's
it's hard to be bearish and I wouldn't be bearish with the indexes holding up
well we had just another undercut of the 20-day moving average followed by like a
couple gap ups which if you go through this entire run every time we pull into
the 20-day moving average or even close under it for a day or two we get a
very strong reaction followed by like an unfilled gap to the upside and then
follow through and that trend has continued so as much as I keep on like
getting off the gas then having to get right back on it's better than fighting
the trend all the way as it climbs higher so right now I've got a couple
positions back on but not as heavy as I'd want especially seeing all the green
today but that's okay there's no no rush to to make profits or trade but
overall seeing semis lead the way seeing crypto and a couple of the IPO is like
reddit and what was the other one ALAB both were up over 20% today it seems
like the risk appetite is back on until otherwise otherwise noted so not a
trend I'll be fighting and just looking to trade from the long side sounds good
thank you Nick for kicking us into it their paper these comments are funny
love to see them happening by the way I did buy a Vax when you told me that it
was already up too much I should have waited for a pullback but I'm still up 40%
I think I think you have yikes I'll keep my commentary oh yeah we'll get
there look at look at the Solana chart then overlay a avalanche chart and I
think you'd have an idea of where you're gonna go all right well I am holding
maybe 50 soul or something so we'll see nothing crazy sounds good paper you want
to go next for some market sentiment sure yeah so I mean if you if you
follow me then you know you know post FOMC basically my call was that the
market goes into a rest period right for me what not for me but like whenever an
index moves the length of an average week within a 48 hour period and just as a
reminder that's exactly what we did we should we should expect a breather right
that doesn't mean a reversal just to be crystal clear right that's not what
that means markets are either running or they're resting they're not running and
reversing and so right now I think we're getting we we've gotten a lot of that
rest period through I mean if you look at today's open we basically pulled back
to about 50% of that FOMC move and tomorrow honestly it's a weird setup for
the week right so Friday we have PCE that's the biggest day but the
market's closed Thursday with GDP I think you know what and then and then
it's the quarter end and we're opening April which is like one of the best
months of the year so if we get a dip I think it's the Bible one I think it's
pretty shallow and short-lived is is my sentiment to be completely fair you
know and you guys had mentioned crypto I mean that if if I really I mean I've
kind of torn down I almost want to pick the grayscale theory and trust because I
did pick up a lot more that at 25 last week because I mean I do think like
okay that one's got that one's got room but you know that's thick there's
clear strength in that sector right now it's had another big move though
and there's some other setups doing really well if you look across the board
though the indices are not equal so like the diamonds this month have had the
biggest outsized move and now we're we get real close to that Dow 4k and we
pulled back right and we pulled back almost kind of aggressively today the
cues have not broken out of the trend for the month and spy we're looking at
a retest of that that early Friday NFP high but the cues are still right inside
of that trend like they're not they have not broken out so I like to see to me
I'm looking at breath widening I think it's time for my favorite sector to
really get get going so I really hope it does but you know time will tell I
don't know if it's gonna be this week that's the thing right cuz PC is gonna
be it you know be a big one but I will say you know for this week tomorrow
Wednesday Thursday tomorrow Wednesday really it's feeling like the setup is
the market likes to front run a lot of numbers and though they'll realize that
the last number to come is on Friday so maybe we get some front running
tomorrow or Wednesday pull back a little bit Thursday and then we see
the real follow-through continuation beginning next month which is next week
so that's that's kind of my sentiment right now I'm not looking for any major
breakouts it's really more like what's the setup for the next big move and
where can I pick my spots right now that's what I'm looking for very
enticing excited to hear how the picks end up going a while back you were the
one that put ethe on my radar god it might have been when I was trading at
like 13 14 bucks yeah yeah you know 27 now and I like what you're looking I I DC
ate up like up like 80% anyway so you know there's yeah I had a big dip here too
so if you like that setup all right very nice thank you paper let's go over to
Nate what's up guys sorry I missed out on all the fun today on spaces but
sounds like there's some good conversations I'll be checking out a little later but
yeah market sentiment overall I'm just looking at the charts and nice nice
little like I think paper said it perfectly is the rest period right and
we're getting that nice you know pull back a little bit but nothing to cause
panic or fear anything like that holding well above the 20-day moving average
which has basically served as support on this steep trend that we've been on for
spy and holding the five-day as well like today basically closing right on top
of that five-day moving average so I like the overall direction of things of
course and I don't see anything changing from what we've been seeing in the
recent months almost feel a little bit like broken record because we continue
to hold well above the 20-day moving average not really giving more than a
day or to close below the five-day and remaining really bullish overall so
love to see it portfolios loving it and if you look at SMH you know the
semiconductors continuing to hold and looking to move higher right Nvidia broke
out of the wedge micron with the big earnings and big move last week and SMH
holding above 224 is that's the level I'm looking for it to hold and it held
nicely today and pushed up it's above its five-day and 20-day I mean again just
really nice even after the pullback there was only one day that we spent any
amount of time below the 20-day moving average for SMH and then jump right back
above it so and that was just last week so definitely looking for more and more
upside but also just trying to pick my spots I do think that it's gonna be a
bit of a stock pickers market their names in the semiconductor space that
looks like they could run and there's other names that look like they could
maybe pull back a little bit or just rest I'm gonna keep using that paper so
when I'm looking around other spots you know energy has been on its rip and I've
been bullish on the energy sector overall as well but we might get a bit of
a rest here as well because you know we got XLE back up to its September highs
from last year and that you know a little bit of a pullback today after
reaching those highs intraday highs so maybe we see some sideways action after
this really steep run in the energy sector ExxonMobil doing really well to
lead the way basically kind of like the Nvidia of the energy space you might I
don't think that's a great comparison but as far as the ETFs are concerned
it's a similar kind of waiting for the sector so yeah just continuing to see
across this the very sectors right industrials financials just strength
across the board I guess the one cause for potential concern would be that
utilities have started to really move and they continue to move higher so
curious to see if that's like a move towards yield in and some caution or
just the fact that they had been selling off and and finally got out of
that that downwinds trend and just you know starting to make a move higher not
really something to be too concerned about just watching utilities because of
that but overall there's just not enough out there to get me thinking that we
should be too concerned yet about any reversals or pullbacks last note I'll
mention the queues have been trading sideways nicely for a little bit so
we've had some consolidation going back to February at the top of that range
now and trying to fight to get over 44650 so big tech right is is allowed
other names to catch up and consolidate a little bit this past month and a half
which I think is not a bad thing so I'll leave it there and I look forward here
with other panelists have to say thanks well yes sir thank you Nate good stuff
all right let's go over to Ben all right say it on there um all right so look
I've been waiting to get bullish on IWM for a long time and and I was you
know pretty bullish on it until he got that hot CPI and PPI and I for like one
week I was bearish and I went into FOMC net short and I quickly realized my
mistake turn that around save the day by you know pounding into IWM calls but
that was very significant for me first of all you know either with the reason
I'm looking IWM RK risk assets because they've underperformed QQQ spy big tech
and I think there's an opportunity for them to catch up and the turning point
for me was quite kind of a qualitative assessment of pals commentary on
Wednesday he used words like you know he completely dismissed the hot PPI
almost completely dismissed the hot PPI and he was talking about the big
picture he was talking about the story hasn't changed I'm like this is this is
different man this is like you know I've had the suspicion that there's
some politics involved here and for me that sealed the deal that their intent on
at some point this year dropping rates because of the election year and that
that really sealed the deal for me so I've been extremely bullish IWM since
and I know the markets been digesting things pulling back but I think you're
gonna see relative outperformance and you saw that today I put that in our
early morning note for our institutional coins this morning that if you want to
kind of protect the IWM long you can consider a pair trade kind of short spy
or something like that if you wanted to protect it but I'm not I'm just long IWM
because I think you're gonna see relative outperformance of IWM and that's
pretty clear cleanly seen in the charts and I'm also seeing it on individual
risk assets so yeah that's that's where I'm focused on is and by the way
also obviously NVIDIA which man Vegas been killing week after week after week
the gift that keeps on giving but NVIDIA we saw that and actually for the
first time since I made it the topic of the day on Thursday and Friday for our
clients because of the technical strengths higher lows and the AI
conference so that's but that's that's not driving NASDAQ see QQQ used to go
up directly with like in the video let it but last couple days and videos to me is
clearly headed for a new high QQQ is not going with it so I fear there's a
little bit of weakness potential for a pullback in QQQ spy but I'm extremely
extremely bullish risk assets IWM and I'll be focusing on some smaller cap
names in the coming period as long as along with along with NVIDIA I've been
late to the party with NVIDIA but NVIDIA looks pretty good so yeah that's
me we'll take beautiful thank you Ben some good market sentiment up here Vegas
are you ready to jump in yeah ready are you guys ready yes ma'am so I will say
that you know obviously the long weekend this weekend on Friday markets closed and
so you know usually the most exciting part is when they have a fresh start
of a new month so let this month close up and then probably starting next week
we'll start seeing some more action so you know this week don't expect too much
and when I think we you don't expect too much and nothing much happens you're not
disappointed you know so when you actually just just be patient you know
this week Friday is March 29 and then we have the long weekend and then we
come back on Monday April 1st and you know the market should be ready to put
the cash to work with the start of a new month and people gonna want to
put money into many things and maybe into their investments maybe their
retirement accounts so I think we'll see more excitement next week I know the
markets closed Friday but we have obviously Powell speaking on Friday no
one cares what he's gonna say anyway so just repeats the broken record just
repeats the repeats repeats the same thing so I think that once the month
is closed off q1 is closed off then I think we'll definitely see you know
we'll get the spending report people are always watching this core PCE it's
usually released when the bond and equity markets are closed which is this
Friday the market has a tendency to obviously rebound the following week so
we'll definitely be seeing some action in the market and you know I was
actually quite pleased with the market today I mean I was really happy with the
way AMD were bounced right back from that pullback because that news on
the weekend about the China chips and I just thought you know I just ignore that
news because there's you know Andy such a great company and the chip sector is
still so hot so I always feel like these dips on these chips well that even
rhymes dips on chips always get bought up so you know take advantage of these
opportunities you know even when Nvidia is pulling back I never get shaken out
with that when I just keep you know holding and I you know just go into a
new trade or take a contract with more time but I never let get freaked out or
worried about the pullbacks because you know that's just the way the stock
behaves and if you're okay with that you know especially like I've been
trading NVDX I've been talking about this thank you to Gavin this NVDX for
quite some time and I'm quite happy with the performance of NVDX ETF so
we're happy to see this having a continuation and we'll see what happens
as the week evolves but you know we're not expecting anything major and I'll talk
about one of my couple picks when we do it when we go about full circle perfect
thank you Vegas always good to have you on in here from you and I love seeing the
people commenting below that they're excited to hear the picks from the
panel okay Jaguar do you want to jump in next with market sentiment yeah can
you hear me yeah in my car okay good good so in terms of the market sentiment
it just amazes me how every bad news just gets dismissed like it doesn't
matter like it's it completely like just doesn't matter nobody cares today's
Dallas Fed Manufacturing Index was not good it was actually god-awful it was a
terrible terrible diffusion index which was trying to tell us about the economy
in the south for from one of the most important regional Fed surveys and you
look take a look at that and you look at the month of March and compare that
to February in terms of new orders shipments backlog employment all of
that just huge just you know deterioration from month over month
meanwhile the price is paid went up prices paid went up so and it was
completely dismissed by the market entirely like it just doesn't even
matter and same thing you know happened with a couple different data points last
week as well and this week is despite shortened week but it is a lot of
macro data that's coming up so we're gonna find out if we're just gonna keep
dismissing every one of these data points completely altogether so that was
my biggest observation in the market today it was extremely light volume day I
don't know where we finished at the end of the day but at 3 o'clock in the
afternoon so an hour before the market closed when I was looking at the
volumes we were at 37 percent of daily average on the share volume and we were at
48 percent on the on the option volume site I mean there was it just wasn't
much action anywhere and I think it may stay this way for the rest of the week
so I don't really have anything significant to add to the to the big
picture view except just to just to make a note how dismissive this market is of
every single macro data point doesn't matter how bad it might be so that's my
high-level tick perfect appreciate the thoughts there Jaguar thank you and
we're gonna come over to Michael now's and that'll do it for our market
sentiment after him and then we will roll into the stock picks go for it
Michael now's there's not a whole lot to add because it's not not a whole lot you
can say about this market which is good for traders it's bad for I guess
content creators around the space because we just keep grinding higher all
the time I will say from you know the overextended point of view that
everyone's insane I know I've been annoying saying you know if you can't
survive the bull market you won't survive the bear over and over and over again
for what seems like a year now but you know there's the beauty of futures
contracts and the beauty of looking at the market is you can look under the
hood and see where people are positioned commitment traders report for those who
don't know is usually the best way to do it where if you were a large
speculator you have to report your trades you know this goes back to people trying
to you know corner the silver market and blah blah blah blah again people can look
it up called commitment trader report and what's interesting to note is that
large speculators are still not long the SP 500 and they haven't been for a very
long time both on the consolidated statement and on just the current front
month of the mini SP 500 people are still short right so you know to jaguars
comment that the stock market keeps going up all the time on on good news
or on bad news well that makes sense right if most of the world is still
short the SP 500 as a whole when it comes to you know speculators then they
probably going to continue to use downticks and bad news in order to buy
Nasdaq 100 just looking at this because he's come that weekly so I like to look
at it every Monday it's a little bit more flat you know commercial hedgers are
starting to short it the large traders are still flat on it but yeah if you
look at the SP 500 you know people are still short it now you know could this
be hedges against other things of course there could be all kinds of all
kinds of stuff going on in the background but when I look at that I
don't see an overheated market generally speaking an overheated market everybody
will be long and right now that's just not what we're seeing so this to me is
what's going to lead to you know things like the catch-up trade which could
occur when you have things like semiconductors potentially cooling off
whenever they do and people buying other things because again everyone's still
short so it means that they're buyers not sellers and in the long run if you
look a lot of these large speculators are wrong most of the time so I don't look
at this as any sign that someone knows something and we're going to take from
here but it just makes me think that on dips there is still an underlying bid
that will take place in the market so at some point we're going to need to
pull back but I think that point could be way longer away than a lot of
people think just because right if you regardless what surveys and your
read indexes and all that kind of stuff says people are not positioned for this
market so that catch-up trade is definitely going to have to occur at
some point so until there's something out there that scares me about the
market I'm continuing to run all of my long systems which obviously have been
doing phenomenally it doesn't make you a genius if you have long only trading
systems and they're they're working right now but I have no reason to
bear them down or turn them off at this point some good thoughts there on this
market which is just keeps on going but gets participation from different types
of folks all right really good stuff there spent the first 30 minutes here
covering some market sentiments we are going to roll into our stock picks we
did have some stock pickers that really knocked it out of the park this
past week coming in hot for a third or fourth win this year doubling down on
that NVDX we have our first place winner and we'll get a little drumroll
Vegas really great picks here NVDX up nineteen point seven nine percent the
AMD I think you know it has moments it ended up turning down a little bit
towards the end of the week but didn't hurt you too much eight point six six
percent average the gift that keeps on giving NVDX Vegas excited to hear what
you have for us this week yeah you know what I mean listen Johnson along he's
amazing he's genius and I just love this NVDX done really well with it still
holding until the end of the year I don't care if it pulls back ten dollars
I'm not afraid of it he's gonna keep going I think you know a lot was said
at his presentation and I don't know if anyone's taking the time to really
listen to it and you know even just one time but even listening to it two
three times over and over and taking notes because he has said a lot of
things and he said we're in a historical moment and there's just so
much going on with Nvidia and it's just this is just the beginning of a really
big movement coming so even though AI is hot and a lot of people are getting into
AI a lot of companies are getting to AI Nvidia is just so much going on
everyone needs their product and I think eventually it's just the growth is
just insane and I look forward to the next earnings report that he will be
having because I really want to hear what's happening with the revenue I'm
sure they're making a killing and also being able to supply the demand because
there's just so many backlogs of orders so I would like to hear what is
happening with that and the revenue but the earnings is not till May 22nd
so we have a lot of time between now and the next you know space show and
then so I'm still gonna stick with NVDX and then the other one that I'm gonna
take as a risk not really as a risk but I'm gonna also take a stick with AMD
because you know AMD I saw so much money flowing in on AMD that I'm really
looking for this to still make a move I know it had some of that news but the
market didn't care they bought those dips and I still think AMD has so much
going on I mean Lisa's is just such a great leader and she's not afraid to you
know take things on it is a chip leader there was some worries on it but I still
think AMD is just phenomenal I know they're waiting in the CPUs the AMD is
completely fiercely in CPU market for PC servers and they've gained market share
in the desktop and server CPUs they kind of struggled actually just in the
laptop market so the strategy with with AMD is you know so very strong and you
have some competition clearly but I think the strategy with diverse AI product
portfolio and open AI software platform has established their partnerships and
position them as a significant player in AI even though there's companies like
Nvidia and Intel and you know what Micron was a phenomenal phenomenal trade
and great earnings it was an earnings winner so I still think AMD looks really
good and it's very determined to becoming more competitive in the CPU market so I
think AMD is ready for a big move and I think we'll probably start seeing the
move trigger next week so maybe not this week although didn't make a phenomenal
phenomenal comeback I still think it has room to go higher so I'm gonna say
that kind of debate to the AMD and coin because crypto is having soon but this
is not the right week to pick it this week because the having is not
happening till next month so I'm gonna just stick with NVDX and AMD and then
I'll change it up next week I'll probably still keep NVDX and I'll replace
AMD with something else but I'll just stick to these two for now I know that
sounds like it's boring but let me tell you if when you stick to the trades you
stay concentrated you can make very good money and that is paid extremely well
so you know just stay focused on the you know couple setups and put a chunk
of money in there if you like and just keep writing the channels because when
you ride them I don't need to be in like ten trades and I could just stay
focused on two to three long-term setups and NVDX is my long term I don't
have any AMD but I do like it from an options angle and I still think the
stock has a lot of room to go so I still like it and looking for it to go
higher this week if the market will let it go it's a short week so I'm really
not expecting a huge move but I'm expecting a huge move maybe the week
after so that's my thoughts on those two and we'll see what happens as the
week evolves so thank you yeah you definitely hit on a great point there
it's the people that have conviction real conviction in quality products that
often end up making the most convictions how you get rich diversifications how you
stay rich right and so I think that you hammering that point right some
people probably made 10 20% on NVDX took it all ran and you've kind of
just come back and hammered it several weeks in a row yeah you know what don't
be scared of pullbacks in this market it's a once-in-a-lifetime opportunity to
make very good money so any pullbacks on phenomenal cash flow positive companies
growth do not be scared of holding on we'd have to ride the waves but you'll
definitely will definitely make leaps and bounds so just because just have
confidence in the trade if you're not afraid of pullback if you're afraid then
obviously have to manage your dream but I'm not afraid of the pullback but
I love it beautiful thank you Vegas we got our first couple of picks on the
board let's go to our second place winner from this past week who's been
coming in with some high performances that would be Nate nice job there on
Draft Kings and Square both having great green weeks you were actually the only
predictor this week who both of their picks were correctly predicted in the
right direction hey I'll take it and I think this is like the second or third
time I have trailed Vegas on the podium so shout out to Vegas is crushing
it this year I'm trying I'm trying to get the top of the podium it's hard to
do and he got picks like that but yeah there's a good week for Square and
Draft Kings giving the madness hope everybody's enjoying the basketball go
Arizona well then they can be Clemson on Thursday and continue on but that aside
yeah it was a it's a stock pickers market and that's a it's you get
rewarded if you're able to find these names at the right time and also though
you know I mean I had some humble pie a couple weeks ago so it goes both ways
for sure but yeah this week I like a couple of setups actually one in the well
before I get to those one name that was looking at wolf because you're talking
about crypto at the top of the hour but I can't get myself to get into it
is any of the miners you know I'm looking at marathon and the miners are
just not working along with the crypto so there's something I've noted they're
not really participating I'm not sure why or what that's about maybe there are
some smarter people out there I could talk to that but yeah I'll avoid that
trade for now and I will shift my focus over to the semiconductor space testing
support in a major ways Marvell is retested this level a number of times
bouncing again today off of it also happens to be where anchored view up
comes in from back in November the lows and we've got a nice you know set up
here to go long and when Marvell gets moving it really gets moving so I mean
we can solidate for a bit here but I think we've had enough of that I'm gonna
look for some upside so I'm gonna go long MRVL it's Marvell technology not the
comic books but I'm a fan comic books are solid but yeah long Marvell
technology this week and then I mean I've been kind of watching and probably
should have traded this a little while ago but I like to break out here
potential move to continue higher for a trade desk TTD so it's been on a rip
over the last week after selling off a little bit after earnings and now it's
looking to get above this key level 85 really the volume shelf coming in at 85
and it's above it now launching off of it so let's see if we can continue to move
higher so I'll have two long picks and the second is trade desk TTD see we can
get some more upside action this week
beautiful all right we've got two names here we've got Marvell and it wait was
that one was TTD yeah trade desk it looks like trying to break out there
all right so Marvell that's gonna be obviously within that industry which has
just seen so much strength this year I think this one recently powered up to 52
week highs got all the way up to 85 Wow has come back down had an interesting
day-to-day shot up sold back off I'm certainly willing to keep my eyes on
the name like this I've been seeing it pop up a little bit around that it's
had some good moves it's still pretty nicely up from those blows in October
even from the start of the year has had a nice bounce and they got earnings out
of the way so yeah we'll continue to look at them and then TTD trade desk pretty
close to 52 week highs as well not too far off from them maybe about seven
bucks good-looking few candles here very strong bounce off the 200 SMA one that
I've I know that shy and others really like names like this a lot as well they
just seem to have some pretty strong fundamentals going for them and have to
look further into that better understand it but a couple good picks here Nate
great job any other comments now I appreciate the opportunity and let's
keep this market pushing high thanks wolf perfect all right let's go on over
to third place on the leaderboard great job by Nick Drendel CEG long STNG long
average 5.33% between the two picks also by the way not a pick of yours
but an F big down day today I believe or maybe it was an up day they had a down
day recently and they started selling off a little but they haven't really given
it all up just yet yeah big down day 10% down day yeah it's finally broke
through that the five ten twenty on another big volume day so and that's
like great chart to study but I don't know definitely in the basing phase after
some what was a 280% something like that with this market really going like
risk on at this point I am taking a look at carvana as one of my longs so carvana
heavily shorted name continues to kind of gap up consolidate and then follow
through to the upside Friday really nice action they kind of undercut the
the 10 day the day previously but then gapped up or not Friday what was that
Wednesday Wednesday sorry on FOMC closed right at the high and new like closing
high since the four dollar lows really tight price action on Friday bouncing off
the five day and then we do get a little gap today I'll be looking to play
this ideally on weakness if we open up like near the five day moving average
and yesterday's close right around that eighty six dollar area that way I could
keep my stop under Friday's low and still give it enough wiggle room where if it's
gonna work it shouldn't really undercut Friday's low especially after today's gap
up but with these high volatility names like you do need to give them some room
to play otherwise you're just gonna get stopped out and frustrated but if we
continue this risk on this is a name the weekly chart looks just phenomenal and
very little resistance up until about a hundred hundred two dollars there so
about ten percent of upside potential without much resistance there so carvana
is gonna be my first pick and then where is that another one second pick is
gonna be APP this is one that had a really nice 2023 and then based out
similar to SMC I except SMC I was basing at all-time highs while this was
basing near previous resistance back in 2022 but after multi-month base broke out
on earnings and then continues to fly higher today kind of gapped down a little
bit to start the day right at the five day moving average buying support came
in then we closed right at the highs again so both of these aren't the like
if you're gonna play them you got to be a little bit more nimble because if
the market does kind of lose its momentum then they're gonna turn around
very very quickly but if the market stays with the trend and the momentum
then these are the names that are gonna have very large upside so just how I'm
gonna be managing APP is if we take out Friday's low it doesn't mean I'm gonna
be taking it off my watch list but I will try to step aside and then get
back on later on if it like sets up another pivot but both of these I'm not
looking at giving them like multiple multiple days to work against me if they
don't work right away I'll take them off my screens come back or take them take
the positions off keep them on my screens then come back to them later but
this is the type of market where if you get a couple of these right like
reddit today or CDLX you can you can really move your portfolio but the the
whole goal is to manage your risk so you could take these one percent little
hits over or one to three percent hits on your stops and then catch one or two
winners that'll pay for all of those so the two is gonna be carvada cvna
and then APP risk on environment huh that's that's what I'm seeing with
crypto IPOs and semiconductors leading again so until I mean maybe today's the
top and I'm saying that right as everything gets pulled up but that's why
you have stop losses yeah the top signals are in I hear you I hear you I
actually we had a call out for carvada on our space this morning and it felt
like it had been a little bit since I'd actually heard anyone call out calls on
it so carvada right now is I mean pretty nice-looking chart to the upside if
you're asking me surprised we haven't actually been talking about it more it's
up about two thousand percent since the lows of December 2022 reminder it did
over a thousand percent last year let's see what's going on this year
right now so carvada I'm just moving between couple websites making sure that
I have accurate data is up 72 percent this year and it is currently at the
highs of the year I believe today it hit new 52 week highs yeah so some good
relative strength there you know great call neck I'm surprised this has not been
on my radar a little bit more looks like they popped off of some earnings
the last two earnings both of them and are continuing to not you know have
this crazy thousand percent move that they had last year but somehow just make
this a nice smooth decent looking chart I guess when you're moving a thousand
percent a year and then you're up only 72 percent the next year it doesn't look
too crazy huh I mean that's basically another 800% off off the low with that
72 percent compound yeah yeah pretty nuts I appreciate you bringing that back
to me maybe I should be trained that more in the mornings here let's take a
look at the other one said APP right yep all right cool haha yeah I mean this is
even a more bullish chart I suppose what's this thing up since the lows lows
of 2022 691 percent right around there yeah not too shabby not too shabby yeah
definitely I see what you're saying you know heading for the risk on and just
kind of power it up this one had a big jump off of earnings it's continuing to
move so yeah I mean I hear exactly you're saying right like just in a risk
on environment people are scared to hop into these things but this is where they
run exactly yep very cool awesome good picks Nick thank you for putting them
on our radar thanks yeah absolutely all right let's keep it rolling over here I
feel like there's you know honorable shout out right here to Andrew who
cannot make it tonight but did pick MSOS and PayPal last week and PayPal
actually had a pretty decent week I don't believe that he sent me any picks
for this week I will go ahead and I'll give a double check in the chat nope no
picks for this week I do okay then I do want to keep things rolling around here
and I know that paper you usually have a hard stop so I'm gonna come over to you
first appreciate it will be actually MSOS does look good too but I think I'm
gonna stick with kind of a general theme that we were talking about I do
like crypto here but I do you know since the equity kind of picked here I'm
gonna go my first pick is is not leverage I almost wanted to go coin
because that's it we have the 2x leverage now on coin but but I like this
setup better on hood and I like the recent kind of like pre-release and the
run into earnings late April but hood here to me she looks ready testing these
highs around 19 I got a near-term target closer to 23 on this one I mean
it's been a huge move off the lows no doubt but it's again another one of
those stocks that have just like massive reversal but but we're in
extension territory here and I think she can get some serious legs and we're
probably gonna have some upgrades coming before earnings at the end of next month
anyways and I think this is set up just the setup in general the the where it's
playing I think it's got a lot of room to the upside and it's it's ready to
roll it's super squeezy or it's sitting and and it I think this is one of
those names that could totally absolutely fly regardless of whether or
not crypto breaks out or not I don't think hood is as is as sensitive to that
as let's say like a coinbase or any of those and then the the other one the
other one's more of like a retest for me it is a leverage so that the other
one I'm gonna go along is lab you which is IVB essentially so the biotech ETF so
but if you look at IVB don't turn it lab you but IVB is kind of consolidating
towards the highs and this would be where we're gonna lock in like a retest
of that initial bounce and if you I look across sectors in general and there are
a lot of setups today at the close since I am swing trader the the best setups
that I found were honestly in that biotech sector so I'm just gonna go with
the kind of like land grab lab you long and for the land grab for biotechs is I
do think that those are setting up a lot the this is an example of some
that's already been in a significant rest period so IVB as a as a as a sector 90
day consolidation this would be you know locking in one two three fourth higher low
after breaking structure here should be should be ripe and ready good for IWM
at this does go as an aside but it's just it's just one piece of IWM but I
think you know when I was looking at like I was saying when I was looking at
my setups for today a lot of them were looking long in in the biotech sector so I
love I love that I know the ETF that you said for the coin you said leveraged one
oh you know C-O-N-L C-O-N-L yes C-O-N-L yeah C-O-N like man C-L like hon like hon
L yeah yeah 18 and a half percent dirty
those phenomenal jeez this is crazy dude I did I'm not 137 percent well if yeah I
was like I think we just go along coin coin I'm gonna get some coin out tomorrow
thank you oh yeah thank you paper hey shout out Vegas I'm actually bringing not
this week or next week cuz he's traveling but in a couple of weeks I will be
bringing the CEO of granite shares on to spaces who created Connell yeah I'll put
a note to invite you we got you we got you he's a great guy too really fun we
had a chat from the other day paper was all nice and buddy buddy up with him and
he's gonna get him to make a double lever system CI for us I don't know I mean
papers gonna work is magic all I was focused on was trying to get papers baby
some granite your swag so we had different priorities can you do a
mara-leverage one to a base one that's pretty good
just ask for the straight-up Bitcoin leverage well she got a wishlist and it
makes me we can do yeah there we go Ben you want to jump in with some pics yeah
okay great so I got two smaller cap names here beyond BYON this is not beyond
meets this is this is over stock which became beyond after they bought bed bath
and beyond so this stock's been riding up that 20 DMA got a nice pattern a
little cup formation and I'm trying to front run a potentially huge catalyst
here actually let me put in the nest one second here so the see the
executive chair is Marcus or he recently became the executive chairman of the board
is Marcus Lemoine all right here it is the tweet let me just put it up in the
nest to do stock picks for the week okay it should be up there all right so now
he has done this once before where his teased some news the most recently was
the purchase of Zulily like the day before and after hours he hinted at it
and it came true the next morning so this one was Friday he tweeted some sort
of partnership with X which is potentially huge honestly I'm not I'm
surprised the stock is not up much more just based on this tweet from Friday big
news coming over stock and X to let your imagination go wild guys but this is
something there's a lot of kind of meme kind of hype I guess ever since Marcus
Lemoine joined and became chairman of the board of beyond and now as I said
we're riding up that 20 DMA nice chart pattern stock is I think overbought on
the daily in the weekly but this potential catalyst looks imminent here and
the short position I think is pretty big well the dates to cover has been oh
wow people have been covering used to be five point nine million share short we're
down to four point six nine million share short so the shorts have been
covering year since late September two point four six days to cover but in any
case I see a clear technical target and breakout on the news so I'm hoping
I'm assuming we're gonna see this news with Elon Musk this week and my target
on this is thirty nine twenty seven you can see that clearly there that's
actually a 52 week high and depending on the strength of the news maybe we can
make it all the way that 200 week moving average at 46 we'll see all right but
I'm in beyond I've been in that since Friday with some call options so that's
the number one pick number two pick is good rx I'm going back into this one
because this was their topic of the day back on earnings day which was over
here on February 29th which is awesome for us see a big open green candle so we
met our objectives there on earnings day let me just review my notes for you on
their earnings so they beat EPS by 15% they guided revenue to 1.8%
be over estimates for the full year and they proved the 450 million dollar
buyback they beat full year EBITDA guide this is the most important one by
20% all right I usually look at the full year guide beat versus estimate for kind
of a barometer of how you know high the stock can go on that day one move and
that's how why we picked it on that day of earnings day so the big move by the
way there's a huge short position here one second what is the short position
now short position is wow nine point ten million shares four days to cover okay
so big short position here pull back I guess the shorts were able to pound it
back down to the 20 and then the 50 DMA but the RSI kind of got reset to an
oversold level and then this morning you come in with Wells Fargo and there's
a reason I'm back in here Wells Fargo with a $10 price target they increased
from I think equal weight to overweight I think is what they said yeah they
raised from equal weight to overweight with a $10 price target so beyond I think
there's an opportunity here because it did have a nice morning I'm sorry GoodRx
did have a nice morning pulled back to right about the 20 DMA RSI is still
oversold so in this risk on rally with IWM I think is gonna be strong you can
lift stocks like this GoodRx I think it was an inflection point ER on their
path to profitability actually they are profitable now EBITDA at least so
GoodRx that's the number two pick and actually let me throw in I have a tweet
on that as well I can put in the nest it's in the comments here all right so
I'll put that up while you while you chat about it go ahead yeah it's been a
it was funny when someone said GoodRx I was like hmm there's a here's an M I
haven't heard in a while kind of like that classic movie scene and
immediately my head was just like GDRX like I just had it in my head right
there so I knew exactly you know what you're talking about I haven't even
looked at this chart and God knows how long but I I know it's it's been the
type of stocks that you're looking at looking for that value looking to see
if we can get a pop it's been just reversing for forever I mean years at
this point after that that crash down to 2022 so I'd be intrigued to see it
make a move I'd have to look at like the fundamentals and stuff I know that
they don't they don't make too much money from what I've seen but I know it's
a helpful lap yeah you know I look for the inflection points so somebody's not
about the quantitatively exactly how much money they make but if you look at
the last couple of earnings reports this inflection point to profitability is
when you can really see gigantic moves over like a multi-month period so hood
was one of them too so hoods in my portfolio hood had an inflection point
so good RX also I think was an inflection point ER very nice and then the other
one looking pretty solid too so that is gonna be the beyond one I think that's
a more you know chart that just kind of looks like it's moving to that upside
it's cracking through the 52 week eyes are damn close to them and it's up
already 30% year-to-date so kind of riding this wave didn't even know that
they had kind of rebranded the ticker there so appreciate you putting on my
radar 1.6 billion dollar company by Owen and GDRX good stuff that appreciate it
all right we got two more to go and ten more minutes on the space let's go to
Michael down first and we'll wrap up with our heavy hitter Jaguar yeah sure
thing so again I'm continuing to run the relative strength algorithm because it's
working phenomenally in this market and until I see some reason to change to
a pullback algo or you know low-float algo or something which I do when the
market gets a little bit more volatile I will but just FYI these are
algorithmically driven stock picks I just kind of do a quick eye check to make
sure the charts also look nice and have good places for risk management and
they are always in the little tab there below a little purple bubble if you
want to check them out so the first one here is S P R Y A R S pharmaceutical
company I like the look of this one again because it was from the algo but
has a short float about 11% small float company so beware right it's only under
a billion dollar in market cap and only a hundred million under a hundred million
shares in the float so again you've got to be careful when something says
pharmaceutical in the name and it's low flow like this but I like these because I
like leverage I can just assign less capital to each individual trade that's
how I manage my risk is if it's volatile you just take it smaller in my opinion
so S P R Y just looks very interesting big move from seeing about four dollars
to about nine dollars on the chart here so I like stocks that have doubled off
their lows just shows that something good is going on with them
fundamentally at least to the point that anyone who short should have a reason
to cover that also corresponds to a little bit of monthly resistance that we
have on the longer term chart up here and then just been basing sideways
since kind of the beginning of March so almost a month now basing sideways
again these challenges just run from Monday to Monday but for myself I'm
just looking for a clean break of this resistance area which is probably nine
dollars and fifty cents give or take and then a stop would go around eight
bucks if I'm wrong then it's time to move on and that's mainly what I look
for when I'm looking at the charts it's just that you know that dispersion of do
I know where I'm wrong and can I get out number two from relative strength
I'll go today so these are ranked by how good their number one was wing
stopped which looked good but just not suitable for this challenge I don't
think but it's not a throw that out there but number two was I and zy which
is another low-float pharmaceutical company so again be very very careful
when you trade these names again you have to size accordingly when you're
talking about pharmaceutical especially low flow ones if you're right you can
make 30 40 50 percent overnight if you're wrong you can lose 30 40 50
percent overnight so again for me it's perfect because I can just assign very
small amounts of capital to these knowing that if I'm right the percentage
returns will still add up freeze up money do other things but that's just
boring to talk about so this one again just a nice move from three dollars to
about seven and then has been pulling back in a nice controlled manner here
and then broke a trend line today on about 1.6 1.7 times normal volume so a
nice look on this one so for me personally I'm just watching this over
today's eye tomorrow just to see if I can get a push from there and I'm wrong
on this one at about 550 so I don't know if it's coincidental that it was
first wing stop and then a couple names that were low float pharmaceutical
companies or if there's any you know theme there that we could say maybe
wing stops gonna send people into into needing pharmaceuticals but who knows so
those are the two names so again that's I N Z Y and S P R Y I N Z Y and S P R Y
sad you didn't take wing stop not gonna lie that I don't know what they're
putting in the wings must be AI I don't know if anyone else has not looked at
that stock but I believe that they have gotten the wings to the talking and
communication stage based on the stock could being up on a freaking only about
you know 100% when I pass here pretty crazy the if you look at the
evaluation metrics love them love them big fan really oh yeah this space has
been sponsored by wing stuff yeah the space is not sponsored by wing stop if
you were doing we not do we not get like a hundred-dollar gift card or
something if we say once and say like look we have 500 people that love your
company simultaneously oh yeah I'll get to work on it I'll hit him up as long as
they give me an endless supply of their honey barbecue sauce intro intro them
to cryptocurrency yeah ticker symbol wing good stuff all right
Jag we're coming over to you you got a couple of pics for us yeah this is just
like 2021 isn't it cryptos are running tech basically led by AI is running
everything you know I mean why was reddit up today 30% I don't even know no reason
on that one I thought that was crazy I have no idea why I read it was a why is
my micro strategies are 50% in three days crypto did not go up Bitcoin did not go
up 50% in three days but micro strategy that maybe we see 2000 tomorrow it's
like a daily it's like a daily dose of just hyperactivity of just momentum
that it's I don't even know what to make of it at this particular point it just
was just how zoom video was at one point in 2021 or when people were chasing
these you know these COVID vaccine makers from Novavax to Moderna to
everything in 2021 so the thing is that in this type of market and this is
something I've been saying now you know for several weeks I've been on here to
make these weekly picks that it's nearly impossible to win this weekly contest
unless you go with the strongest toughest you know the the chase basically the
the easiest the biggest chase where the momentum is that means you gotta
basically go to the risk level where even if you're not personally comfortable
taking the position just to win the contest you got to go with the mania
and that's just not what I do that's just not what I do practically and that's
not what I advise either so I'm just gonna continue to stick with my book
which is extremely boring nobody likes to trade these names nobody wants to own
these things and that's perfectly fine with me I am pretty sure that next week
too I'm gonna be at the rock bottom of this contest nowhere in the top two
three four five will probably be like literally right right rock bottom so I
have two really really boring stocks and one is mark the pharmaceutical
company MRK I expect that a stock to go up tomorrow they have a PDU FA for one
of their trucks it's a very difficult name to say so I will not even try but
let's see if the stock responds positively to that tomorrow and the
second one is another pharmaceutical company called Amgen AMGN and that thing
is pulled back basically it started to bounce off the key technical resistance
level the downtrending resistance level today saw some night strong close today
I think it can get some follow through for a couple more days and maybe we
see another 10% 5 to 10% upside in Amgen in the next coming day so two
extremely boring day boring names both are large-scale pharmaceutical companies
one is mark MRK and the second one is Amgen AMGN nothing wrong with boring in
the market boring is beautiful I know it's a competition but people do come
here and take some great ideas away as well so there you go two names from
Jaguar MRK which I'm very familiar with and honestly has had a pretty sexy last
few months if you ask me you're going from 100 to 125 it's not bad for stuff in
that area and then AMGN which is Amgen this one trying to bounce off of its
200 SMA not looking too shabby so kind of in between earnings nice little play
here all right there we go we got that from Jag Jordan I got about a minute
left here so I'm gonna come over to you if you want to throw in your two picks
and then my roles in our next space can you hear me is it working okay yeah
oh let's go this is my first time being on spaces on a computer so we're gonna try
and make this work but um Nick I love the carvana pick I was gonna do that I'm
actually long carvana right now for a swing so love that but since you took
that I'm gonna go long Netflix Netflix has just been insane this we were we
caught the daily breakout on February 14th and wrote it for a little bit
caught some more intraday plays on it and I've just noticed this name has
just kept going slow melting up on the daily here so we're we're kind of just
consolidating above the nine here I'm thinking we could get another leg up
above that 630 we'll see so I'm gonna go long that and then I'm gonna go short
M phase as well I was thinking I was kind of getting on your side Nate with
the longs we do have a weekly high or low which does concern me a little bit
but this daily is just looking nasty we got a nasty day today rejecting that
9am a I'd love to see this fill the gap all the way down on the daily and then
get long off that 101 10 so that's what I'm looking for there we're gonna run
with the end face short but perfect so I'm gonna do this week all right you
got your Netflix long and your end face short okay that's it we're at the time
here so we're going to our next one but real quick to recap and this is
getting posted right down to my page so if you'd like all the pics go to my
page look at the last post share with your audience book market do whatever you
got to do drop your pick since people seem to always have opinions and thoughts
on ours we've got all of our picks for the week Netflix and short MPH from ace
the kid NVDX and AMD from I love stocks which is Vegas trader Nate had Marvell
and TTD Nick Drendel had kirvana and app lot of longs here paper games hood and
labu Jaguar analytics AMGN and Merc Michael now's I N Z Y and story
trading BYO N sorry Michael now's I actually didn't your second one I will
comment it below at BYO N and GDR X all right I'll comment Michael now's the
second one below which was SP or Y and we're gonna roll into our next space
here so thank you so much to the stock pickers on the panel you guys crush it
every single week the audience loves it I love it and we're gonna roll into my
next chat now speaking of alpha in the market you are coming for picks and
plays and investments for the week boy do we have one for you tonight got my
friend Eric up here on stage with me we've got the mojo count up here if
you want I can go ahead and drop you that co-host you can jump up onto the
panel with me too I see Drew's already up here Vegas great having you around I
see we got you making me crazy coming on stage K talk coming on stage the
panel is excited to go here we're gonna be talking about smart money
smart money protocol doing a deep dive into everything that they've got going
on Eric how's your evening going can I complain just getting ready for NFT NYC
and probably one of the busiest weeks of my entire year but I'm excited for all
the new projects and people that are about to enter my life and emojis one
of them so I'm excited for everyone to hear about what they're up to and vice
versa yeah I loved it when you brought them in my radar because I always tell
people I like to follow the money and I like smart money and I call these
types of things and these guys really are doing smart money right they're
transforming that market chaos into opportunity and that is so I mean when I
saw that transform market case an opportunity I'm like that is what we do
daily here on X so this is perfect let's go ahead and let's kick into it
emoji I'll turn over the mic to you first if you want to first off just
introduce who's behind the account so you know who we're talking with and then
you can give us the elevator quick pitch on the company and we'll take it
from there we've got some great people on the panel here I can't wait to hear
from as well yeah yeah guys well one appreciate y'all having me and I really
enjoyed the previous discussion anytime you can get some some educated stock pick
information it's always helpful you know very quick background so my name is
Robbie Greenfield founder of emoji been in crypto since 2011 sorry my
career Goldman Sachs been a financial engineer for over a decade now and
most previous head of social impact at consensus and the TLDR on emojis I mean
as you all know retailers get the short in the stick whether it's trad-fi or
DeFi does not matter statistically proven that you know crypto went whales
and hedge funds sell their losses to retail but we're starting to see a
flippening in terms of global AUM so I don't know if you all know this but
52% of global AUM is retail investment money and so now we're entering an era
in which retail actually has the most capital yet on average the gains that
your retail investor will have or about four times less than you know the
average index you know performing on you know some of the stock exchanges most
adopted stock exchanges and so our goal at emojis is how can we democratize
wealth creation for the first time in human history how can we enable retail
investors to be able to access asset management that is at a Goldman Sachs
level but have the financial literacy of just purchasing a stock or a token you
know something that's very simple to do and the way that we do that is we
effectively embed asset management strategies within the money itself right
so instead of having a normal dollar that you know gets hit with inflation
because of Covid stimulus or you know bricks you know starting to exist and
de-dollarizing you now have money that can trade itself that can protect against
risks that can optimize its yield into certain market conditions and in doing
so you can create new assets what we call smart money right that doesn't act
on a motion and that doesn't require you know a retail investor to get an MBA
or a master's in finance to learn how to trade derivatives just because they want
you know an edge or a better life and so that's a quick TLDR and what we're
trying to accomplish and you know looking forward to talking to you all
more about it beautiful well I appreciate the TLDR off the top I will
say something that you said in there kind of blew my mind and I'd like to just
dig into it a little bit further before we continue and that was understanding
the percent of the market that is controlled by retail I know within the
stock market itself it's always gonna it's always been a bit lower right it's
usually been around 20 to maybe 30 percent so it sounds like maybe you're
including crypto markets other pieces how you get into that 52% number and what
does that signify to you seeing retail in such a strong position yeah so that
52% is global assets under management across all markets and and so you know
that can be you know those with private wealth accounts those with crypto
accounts trading accounts across every jurisdiction you know at least you know
so far as I've seen it I believe that was an old tech number and I mean yeah
I mean the biggest issue is is that you still have if two biggest you know two
things I mean one the cost of asset management creates you know asymmetric
returns you know for institutions hideout with individuals and retail and then the
second is is that you also have you know nepotism and political might that
change the rules based off of which part of your your with right we've seen
this game stop recently in the United States but you also see this in crypto
you know and the way that cryptocurrencies hit exchanges in the
process that they go through before they reach the hands of retailers on
Coinbase and Binance and so this puts them in a particularly precarious
situation in which they really can't hedge against losses when it's the
start of the bear market because they don't know it's necessarily coming and
they can't optimize yields as efficiently without we're going to you
know the the LIDOs are you know kind of obvious yield you know creating
opportunities that almost everyone's using but doesn't give you as much
money as you know other strategies might okay perfect got it thank you for the
answer there all right Eric I want to roll it back to you for just a second as
we're kind of getting into this my audience a lot of investors a lot of
traders you're someone that studied this you know got into with the project
coming from yourself you know someone outside of the company why do you think
people should be paying attention to this and care about this as we dig in
deeper here yeah I mean I think in general financial literacy obviously is so
important for our world and just over the past couple years we've seen huge
swings in generational wealth due to opportunities ranging from crypto
ranging from stocks and post pandemic pre pandemic situations we also see
inflation baking in increased cost of goods and services without an increase in
pay and wages so that plus the increase the cost of living it's a lot to think
about it's it's a lot that can cause anxiety and stress and just a lot of
other complicated things that come with the unfairness that does make life fair
to some extent and I think you always want to be equipped to be able to put
your best foot forward in any industry and I think the financial sector is
intimidating to a lot of people and I feel like this project is a perfect way
for people to slowly ease into something that typically would require a lot more
effort and energy and work and so for anyone that is on kind of a
traditional finance side or maybe on a decentralized finance side DeFi I think
what they're doing and let me know if I'm if I'm wrong Robbie but from my
understanding from what you guys are doing you're essentially democratizing the
process of hedging and investing and making it just more accessible to an
everyday person as opposed to you know a specific level of fully accredited
investor or whatever other types of prerequisites are necessary to be able to
even communicate with people offering financial tools and services is that
is that correct yep yep I mean effectively automating leverage trading
strategies the ability to hedge certain assets go long on certain assets in a
way that's an incredibly simple and then that someone can understand so instead
of looking at a wall of numbers and spreads you know on a dare bit you're
looking at something that's a lot more akin to Uniswap extremely minimalistic
and you understand exactly you know what you're doing and you know the goal
is to embed that within the assets yourself in which case financial
literacy is no longer a barrier at all and a huge part of that is stripping you
know a lot of the innate risks of trading in which you know even copy
trading platforms you kind of have to deal with so you're absolutely correct
very cool yeah and I also went through your site and there's a bunch of
different quests and things that people can get involved with in order to
essentially gain rewards and benefits and perks I don't know if you want to
talk about any of that side I personally did like I think six or seven
steps so far and I feel confident and comfortable with it all and I've been
trying to figure out how do I get the most for my time effort and energy in
learning about what you guys are building so do you want to talk about any of that
end yeah yeah yeah no no certainly certainly no secret I appreciate you
bringing it up so yes I mean we do have you know drop rewards for anyone who you
know spend some time learning about a moja you know going long going short
and in increasingly actually trying to share strategies that other users are
using so one perfect example is you know I won't assume anyone's you know
crypto native on the call but I assume there's a few of you but the Bitcoin
halving is occurring in mid-April what is that you might ask it will be two
times as difficult to create new Bitcoin supply your mint you know or mine
rather mine Bitcoin and that's you know likely very likely Bitcoin's price
will go up quite substantially at around this time of course nothing is
guaranteed but that's the that's the thought right and so when you have these
rare catalytic moments you know that occur in finance you know either try
fire defy it's like how do you take advantage of them because the biggest
issue you know going back to how do you you know automate all this for someone
who doesn't understand doesn't trade derivatives is how do you go long you
know when you know or feel very strongly from your research that you know the
price of something is going up and so you can do that literally on a moja
right now and earn an air drop you know in addition to doing that you can go
along 10x leverage having zero issues with liquidation because we protect you
against that because that's embedded within that strategy and take advantage
of those catalytic moments and so we're trying to make asset management is set
it and forget it as possible and certainly going through the quests is a
good primer for how to do that very cool I dig it and we'll now do more quests
drew your hands up how's it going no yo hope you all doing okay so I have a
quick question for you I mean totally great right like you know fundamentally
retail more than time for average Joe average retails you know excellent
equity especially I don't have access to Bloomberg terminal all these other kind
of things those advantages they know the the big guys have but fundamentally when
we're talking about defy I guess with your platform like how how specifically
does it even the playing field besides just making it like easy to where I can
just invest with one one click of a button or you providing playbooks I mean
like why would I go to yours to hedge or to invest when I can just do this via a
trading bot or something else that may be kind of similar as to a one-button
investment yeah no that's that's an excellent that's an excellent question I
think it depends on who you are right and we have different types of end users
as to why you know they would use us you know versus something else I can
tell you that for the primitives that we have on there right now which are
synthetic options so they're options that are replicated from underlying
futures trading that the benefits aren't just one of ease of use and
automation but their costs and flexibility benefits as well so for example you know
to your question like why would you know use kind of you know a one-click way
to hedge you know your Bitcoin losses or go long on Bitcoin before the
happening versus doing that on deribit you know or doing that on Binance I say
the first reason is because you cannot get liquidated on a mojo and this really
gets at you know one of the things that makes a financial experience safer and
I would even dare to say a better user experience for someone who has less
financial literacy when you take on certain strategies manually and this
includes using copytrading tools you are innately taking on certain risks and
liquidation is one of the biggest risks right and if you're not aware of what
liquidation is or how to maintain your margin or all these things you can
copy a particular strategy or use a platform manually and can get
completely wrecked lose all your money and it happens in crypto all the time I
mean you have multi hundred million dollar liquidation days and I'd imagine
coming into the bull run we'll probably see another billion dollar
liquidation day like we did last year occur and these are individuals that
trade every day and the issue there is is that the innate those innate risk
aren't stripped from the user experience of the strategy itself and
that's something that you know particularly for someone who has
limited financial literacy and complex markets like derivatives that needs to
be eliminated for them altogether you don't even expose them to that risk you
know it'd be like allowing somebody to ride a bike knowing that one of the
tires is flat you know you you you just eliminate that altogether and so you
know you know to the point you know because we use underlying futures
trading and because we automatically maintain margin you get strikes that you
wouldn't be able to get via standardized options you get terms that
you wouldn't be able to get via standardized options you have less
counterparty risk because futures markets are 30 times more liquid than
their options counterparts and it's also easier to use if you didn't even know
what an option was to begin with because you're mapping it to a particular use
case rather than seeing it as this amorphous thing and so that's you know
the value that we provide now in the future I think it's really time right
you can only affect so many asset management strategies at once by
yourself and so I really do think in the future if people are going to have
portfolios of asset management strategies that are much more complex than just
having a stock here and an index you know there which is rather vanilla
they're gonna have things that do all types of tricks and tips that they
wouldn't otherwise be able to do if they didn't have an asset manager account
like you know of a black black rock or a Goldman Sachs and that saves you a lot
of time because the fact is is that the individuals who need these wealth
creating tools the most oftentimes don't have the time to become more
financially learned because they're you know working retail or they're in
college and they're doing classes all these different things and so those are
some reasons you know that I would say but of course I'm sure that there
others gotcha okay interesting do you have any reports or anything kind of
published for use cases of like estimated returns given you know three months six
months that y'all have been doing this and also I'm assuming this also requires
KYC is this also available in the US yeah so so I can answer both of those
so in terms of the comparatives like one that we oftentimes compare ourselves to
is like you know what's the value or the cost and capital efficiency
comparatives against Darrubit right Darrubits you know one of the most
liquid options exchanges for Bitcoin and eat at least for the primitives that we
have out right now right to try to compare apples to apples as best we can
and effectively it's a trade-off between capital intensity and costs on average
our synthetic options are always going to be more affordable and they're always
going to be more flexible than anything that you can find on Darrubit because
you take on trading costs over time dependent on market volatility rather
than taking on a non-refundable premium at the point at which you purchase that
option now capital intensity can be more so let's say you wanted to go long or
short for many months you know 12 months you know because this is a
non-traditional option you're putting down collateral right that affects that
allows the trading strategy to occur it leverages your collateral to affect the
trading strategy and so you actually might put more capital down albeit
more fundable than you would if you were you know an expert trader you know
you know purchasing options and so that's really the trade-off you know in
terms of performance but I would say that in volatile markets it's not
necessarily the best cost strategy to go long or short for you know over six
months just because things can change so rapidly and to the second question
yes Americans can use this the entity that you know is kind of supporting the
foundations offshore came in with a BVI so it's compliant with a virtual asset
license or believe the name is to that effect but also what you're purchasing
isn't you're purchasing anything at all right you're really getting exposure to
a clone of something and so you're not trading derivatives we're not we don't
sell derivatives and you know you're really just getting exposure to kind of
a trading engine you know that's you know tokenized in a convenient way under
a convenient interface and because oftentimes you know particularly calls
and puts you can lose money and gain money it's also not seen as investment
revenue as a principle protected structured note might be seen as and
that's why Athena for example which they have their high-yield synthetic
stablecoin doesn't allow Americans to use it because that would be investment
revenue for better lack of words and of course we have an opinion letter as well
you know an oncoming token not being a security as well so we try to you know
keep as compliant as possible I would not I would be remiss to not say that
you know allowing that access in the US still makes us pretty pretty paranoid
just because the US doesn't really have its stuff together regarding DFI
innovation but we do try to remain as compliant as possible given the
current guidance really good questions lady chair you want to jump in yes
absolutely thank you so much for having me up here I have a couple of questions
for the team I am a QP leader I do have a very solid community that actively
invests in projects in the early rounds especially I would like to learn more
about how you're planning on you know the lounge strategy and everything are
you going to do an IDO have you already picked lounge pads all of those things
yeah this is a great question what I'm very passionate about I do consider
myself a token economist or at least as much as I believe I am so I mean one
big thing is is that we have kind of sequence is called strategic
sequencing so there's a few you know big announcements that we put out like the
finishing of our four million dollars seed round a week or so ago and a few
upcoming things like we are doing a launch pad private sale for six million
dollars and early April right before the Bitcoin halving we do have an
extension round that's going to occur next week that's open to institutional
investors as well and then TGE for us will be in mid-June and we're trying to
give both community and investors exposure at a relatively low token price
because we do understand right the market dynamics of people getting excited and
why they're hot all right they want to make money and then make sense but then I
do think that there's a more responsible way to do that then to dump
on retail which I think I see a lot of projects doing trying to get the
highest token sale or hope token price you know possible you know a TGE and
there's also some pretty large announcements that we haven't you
know at least blogged about publicly but it is discoverable publicly so I'll
share with you on your little alpha so we are going to launch bitcoins
first high-yield save a coin and in May as an example of this is the type of
product that you can create and we can create infinite Athena's if we wanted to
right because again it's the underlying trading primitives that allow assets
like that to exist and so it's a flagship product strategy much like how
layer zero created Stargate right nobody knew what the hell layer zero was
when Stargate was out they were like oh this is just a decentralized exchange
that operates across multiple chains how cool and so sometimes when you have a
more complex protocol you need to use the flagship product strategy to introduce
something that is more digestible for you know retail market but just stop the
market more generally right to create a narrative around so that's what we've
been doing to date and you know over the last month since beta launched about
four point four million in a notional value transacted and have a community
around 45,000 people so a lot of work to be done but that's kind of the quick
summary as to the opportunities to come the opportunities that have passed and how
we think about going to market so would you have like a traditional ideal on any
major launch pads that that are mainstream or are not yeah so for the
private sale we're working in collaboration with paid which is a
platform by ignition that that's for KYC participants anyone can create a paid
account and participate in that and yeah compliant manner that that's gonna be the
community sale equivalent for what we're doing so it's paid the only launch pad so
far that you picked or are you bringing in additional launch pads that's the
only one that we've considered so far we're pretty we're pretty picky about
launch pads just because I mean obviously you have to do it in a way you
know with the offshore entity associated with the ecosystem that you know
maintains compliance and so you know the launch pads that we consider they
also have that high bar right you know because I obviously am an American and
so you know any of those those launches I can't be associated with any of their
organizations that facilitate them you know because us being being American
and cryptos effectively a liability at this point and so yeah I mean if it
meets those kind of regulatory standards that we uphold ourselves to
avoid anyone getting subpoenaed then it's a you know good potential
partnership if not it's something that we have to pass on thank you and then
can you go over the tokenomics a little bit what would be the Westing like I was
also trying to find this information on your website maybe I'm not looking at the
right location but very very interested to see you know what rounds you've
completed so far what drums are remaining and then also the tokenomics because
that's what I would like to pass on to my community as well yeah yeah yeah
absolutely and if you go to emoji dot XYZ in our docs there's a tokenomics
section that has all these details just cuz I don't want to be too crude sharing
best details on it in a space but they are there what I would say from from a
round perspective so the first and only token round was our seed we did have a
pre-seed which in had claim base 500 global mercy core ventures a lot of
tier ones and a few tier ones joined the sea as well like blockchain
founders fund the next rounds coming up will be that private sale via paid that
I mentioned and also an extension around and then in the next week and those will
be the two to two last rounds there'll be a million dollar KLL round closer to
TGE because we have we have a good you know influencer kind of army as it is
right now helping us with growth and then as far as tokenomics you know the
TLDR and utility is we use veto economics to ensure that only protocol
participants can govern veto economics is something used by or created actually
by a curve finance also used by balancer and enables you know governors
to you know earn some type of return off of staking other assets and proving
that they're participating you know they're actual citizens of that network
state the second is insurance so any asset management protocol that you all
look at in general should have an insurance pool right defi protocols are
particularly weak against black swan events right when when prices change
rapidly and so you need reserve capital that's staked either from your treasury
or you know even better from a particular contract that custody funds to
make sure that your users are whole and so that's the second and then the
third is discounts so anyone who holds the emoji token when it comes into
existence and in June gets a discount on all fees associated with the trading
strategies that we make available or you know associated with assets that are
based off of those trading strategies so discounts governance and insurance in
short on the on the utility side thank you that answers all my questions good
questions really good stuff lady trader sorry no I was gonna say the same
thing as a masterclass in customer service board a customer acquisition I
appreciate you love it Kyle what's going on what's up gab hey everybody
great to see some familiar faces on here and and thanks to Moja for for
being here man interested to learn more about your protocol shout out to tuck on
here and drew and lady trader and Lucas in the audience and many others great
to see some some familiar faces I had a couple of questions but I'll start with
just one and and certainly make sure everybody can can get around and go in
here but the first question that I had for you I think it's a it's a cool
tagline talking about turning dumb money into smart money and I see that that a
lot of that has to do with with taking advantage of leveraged positions and
so I think my question is just how do you see this being different than a lot
of the highly leveraged trading scenarios that happened in the last bull
market that caused instability in this ecosystem I think that not only did we
see leverage positions but then you also end up seeing synthetic
multi-derivative positions where you have somebody that's that's you know 20x or
100x long on something and then they end up taking a collateral position on
that long position you start to see a lot of really kind of crazy synthetic
positions that open up just wanted to hear about what your thoughts are around
how you can you know sustainably take 20x leverage for all the traders on the
platform and and how that's that's risk mitigated from just the general market
as volatility happens or as liquidity crunches happen and where the
potential economic risks are for let's say a savvy hedge fund that that that
is economically incentivized to try to figure out how to break down the
structure this is an excellent question and I can break it into two different
parts I mean one is is how do synthetic options function at 20x leverage on the
risk mitigation part and the second to your point is is you know what is the
overall strategy or sustainable value proposition of leveraged you know based
strategies more generally I answer the first the second one first and then the
first one second and extremely ADHD manner so in terms of long-term terms
sustainability so synthetic options you know which are the two base primitives
that we have right now that's just the beginning right it's not that you know
future strategies will be levered at all there are many d5 strategies like you
know spot decks arbitrage or margin arbitrage you know that don't require any
leverage you know whatsoever that we will introduce the reason why we
introduced synthetic options first is because you know one liquidations are
massive issue in crypto and so the behavior of using leverage in that
context is quite quite predominant and it needs a lot of fixing and two it's
where a lot of retail you know users have a great deal of risk right and one
thing that we notice you know when even just when introducing synthetic puts
which was you know how do you lock in your gains how do you automatically hedge
your losses that is not a behavior in crypto you know it's just not people
normal people do not protect against their losses and so you there's some
psychology training that you have to go into when introducing something like
that and obviously you do want the call side of that as well so that when you
have long moments like you know catalytic events like the BTC having
people can take advantage of it now with regards to how it works so synthetic
options in particular they're not options at all that's the most important
thing I don't know how some of you are familiar with Pokemon right game for
all you 90s babies out there right but there was a Pokemon called Ditto right
Ditto could transform into anything right Ditto could transform into any
Pokemon that's that's what his power was or her it and you should look at our
synthetic options in the same way right it is a Ditto it is a options
replicant a copy and that copy is based off of underlying levered perpetual
futures trading right futures for those who are less familiar with derivatives
it's just another type of derivative it's 99% correlated to their options
counterpart for the same asset but the trick is is that perpetual futures are
way more liquid than options and the reason why they're way more liquid is
because they are perpetual they have no terms options have terms like this is
going to last one day or one month or one week right and they're
standardized so there is not an infinite array of terms and the same is true
for strikes options have standardized strikes and so this makes them rather
inflexible and it also increases counterparty risk because there's less
liquidity on things that are more unique perpetual futures are less unique and
so when you replicate options through perpetual futures trading and you're not
replicating the payout which is very important you are replicating the value
of the option you are constantly trading perpetual futures to replicate the
aggregate value of that particular option at that particular term at that
particular strike you gain an insane amount of flexibility as to what someone
can do now on the leverage side of things right because to your point 20x
leverage you better be maintaining that margin are you gonna get wrecked right
this is what I call good financial UX that given that we know that when you
take a lever position you can be liquidated how do you mitigate
liquidation the way that we do it and I use a metaphor so I'll go into the
metaphor we reduce your notional exposure before you get to the to
before you violate the the margin necessary to have you liquidated in the
first place but for those who just heard that sentence and were like what
the hell did he just say imagine this imagine you have an insurance plan for
your car right and you miss a payment now technically you should lose your
insurance you missed a payment you no longer have insurance right at least in
the United States that's how it typically works unfortunately and we can
call that liquidation losing all of your insurance losing your coverage on
that car from not submitting that payment right you've been liquidated
right you've lost it we do not do that instead if you have let's say emojia
insurance in this metaphor and you're trying to cover your car and you miss
a payment and you don't top up your collateral we change your notional
exposure to covering your car to covering your bike right and what that
means is that if you have the notional exposure of say a million dollars you
have a certain collateral requirement right a marginal requirement to maintain
that position but if you minimize that notional exposure by half right or to
$500,000 or from a car to a bike your margin also decreases your margin
requirement decreases and we do that infinitesimally so if you were to continue
never to top up your collateral to maintain your position your notional
exposure would infinitesimally have and you would never be liquidated now
and we let people know you know hey you know the collateral is 7.5% you're
getting close to that 5% barrier where your notional exposure is gonna have you
know so that they know but the great thing about since is is that because
you have the flexibility to abandon a position at any time right doesn't matter
if you set a term for 12 months in the first day you're like I don't want this
anymore you have complete control over the trading expenses that you are
exposed to that and the market right really control that and so that's how we
deal with with with mitigating liquidation you're automatically being
unwound out of your position if you do not have the collateral to maintain it
rather than losing everything in an instant and that's what I call better
financial UX right you shouldn't if you know that there's a risk you
shouldn't subjugate people to that risk just because it exists you should take
it away from them make sense thanks for that detailed and thoughtful answer it
shows that you guys are putting a lot of thought into it and I think that
it's this is really important because you know there are so many adverse and
perverse individuals that want to see these things fail even though a lot of
these projects have really good intentions right I mean we see it all the
time in traditional economics my background is is in more formal
economics and you learn about currency attacks which are literally examples of
countries sovereign nations that have their currencies directly attacked by any
kind of you know foreign nation or fund or shady group where they manipulate the
currency in one way or another because the currencies market cat is small and
can be influenced heavily with load with a with a small outstanding float and
then those opportunistic traders or whoever take advantage of that and it's
exactly what we see happen all the time in DeFi ecosystems and so I think
that it's just a really important question to continue to ask and to
continue to be aware of for anybody listening and again I think that Umoja
you guys clearly are putting a lot of thought and effort into this so I'm
not saying it in a way it's that's pointing fingers at you it's just tends
to be my biggest focus in this market because of of how we've seen that
impacting the rest of the space that it can have rippling effects that last
years and potentially longer than that with respect to how traditional
individuals or or risk-averse money looks at the industry due to that
volatility which a lot of it again is not even our intention it's just other
players that are taking advantage of a system so so really important stuff
appreciate you being up here I see Kayla's got her hand up so feel free to
tap in and share your thoughts yeah so I really love the ditto game theory
here is in this theory is ditto representing an adaptable and versatile
algorithm for financial trading yes yes that is exactly yes yeah and in some
cases I mean the point the point being in that like you kind of you this is
the way in and this is another just a man of metaphors today that like I guess
using like it makes it silly but I use ditto because you know ditto in and of
itself is different from the Pokemon that it's representing you know but it's
giving the world exposure to that Pokemon through what it becomes you know
another example would be like you know you you can have a bricklayer who has
a whole bunch of you know natural resources to build a house but if they
don't have you know the architecture to build a house they can't really do it
and so the point being is is that how can you create you know financial
primitives that are stripped of their risk right they have better financial
UX they're easier and less risky to use but they're replicating strategies that
are used by you know hedge funds or pro traders you know in a very similar way
and so yes that's that's that's exactly what I meant well I love that metaphor
because I think in metaphors and so that really resonated with me and then
my question would be what kind of algorithm is it and how does that prevent
what Kyle asked about so how does that prevent it from liquidating me yeah so
so to be clear on the on the on the liquidation side so the synthetic
options algorithm again it's a whole objective is to trade both short and
long levered at 20x professional futures positions to continue to replicate the
value of that option based off of market conditions so you know if you you know
are you know effectively creating a synthetic call option and you know the
price goes up right the aggregate value right your balance both the collateral
that you put in to initiate that trading strategy and all accrued P&L up until
that point should be up right it should be replicating what you would otherwise
see on on a dare bit now the way that that's done I mean it's a little bit of
black shoals it's a little bit of you know using you know multiple price
references across different exchanges particularly liquid ones like dare bit
especially when you come up with the with the fee all right because there's
no you don't pay a premium to use a mojo you just put down collateral and
you pay a small fee but you know the rest is probably a lot more complex to
describe on this particular call but on the liquidation the prevention side
effectively like again it's you in order to maintain someone's margin forever you
have to minimize their notional exposure right that's the key sentence
there right so if you put down again if you mojo requires 10% collateral down if
you want to go long or short to next right so let's say you put a hundred
thousand dollars down you want to go long on Bitcoin right before the happening
meaning that you have a million dollars of exposure and let's say that for
whatever reason right something terrible happens and the Bitcoin having does not
be it's not the event that you thought it was going to be everything's going
down and so you have increased market volatility that eats away at your
collateral that hundred thousand dollars that you initially put down right because
there's trading fees remember right that collateral is refundable minus the trading
fees of the trading algorithm doing its thing and so now you have fifty
thousand dollars worth cloud right you know even though we require 10% down to
give you some buffer we use 20x leverage meaning that when you are at
fifty thousand dollars which is five percent of million dollars you are at the
liquidation point or where you should be liquidated otherwise right the way that
we prevent that is is that we take that notional exposure that you initially had
which was a million dollars right and we lower it we force you to lower it so
now it's a half a million dollars and ten percent a half million dollars is
fifty thousand dollars so now you're back in the green right your margin has
been maintained and then that will continue to happen I mean if the market
keeps on going down you still keep this call position open you know and then
now you only have twenty five thousand dollars again five percent five
hundred thousand dollars what are we gonna do we're gonna lower your
notional to two hundred fifty thousand dollars now twenty five thousand is
ten percent of that and that happens forever that happens until you have zero
dollars and so it's unwinding a levered position in a way that spares your
collateral is the way that we mitigate liquidation risk now this is not a
fault-proof strategy and this is why it's important to have an insurance pool
if a black swan were to occur and Bitcoin were to go from you know seventy
one thousand dollars is it now to twenty thousand dollars in an instant there's no
protocol and don't let anyone tell you that there is that can defend against
that in fact this is why black Thursday happened with maker you know a few
years ago or a year or so ago I don't think I don't forget which when and you
know where you had died on collateralized because CDPs liquidated is
such a rate at which they couldn't protect against it and this is why you
need reserve capital reserve capital at the end of the day is the only thing
that is going to protect you know decentralized asset management protocol
users it's the only thing that can protect them at the end of the day if
something very extreme happens however black swan events are within the you
know one percentile of events you know on a spectrum of what could happen and
so obviously you know the risk is low but it does exist to be clear yeah
algorithmic trading is definitely the future so that's awesome
sweet I'm gonna pop in for a second cuz Toki I know you just can't get that
hand up so let me bring it over to them like a talk thank you thank you so
recently we've seen a lot of mean clean skill up and I can definitely see
how there's a lot of plus sides to getting with Bitcoin Eve and Solana but
as far as mean points go and algorithmic trading I know a lot of people that
would love to be able to do that is there an actual possibility within this
so they can kind of yeah get the best of both worlds as quick as possible
because I mean this is literally a day-to-day conversation with some of
my closest trading friends we've been asking a guy if he's going to build a
bot just so we can do algorithmic trading on mean coins I mean it's
insane so yes and I've gotten wind of this conversation from other people so you
know it depends on the context right it depends on the strategy that you're
trying to replicate for synthetic options to create a synthetic option
strategy as we have it created the underlying asset would need a futures
market right so you know that meme coin would need a future market doge has it
has a futures market for example on Binance and so there's some mean coins
that do do have futures markets in fact there are a few that have like crazy
market caps that you can do that with now I think the real alpha that's going
to benefit traders that are focused on making gains in that way aren't
necessarily going to be synthetic options based strategies because
oftentimes when you're talking about mean coins you're talking about a very
short-term investment horizon with a very new asset and so likely it's going
to be like levered decks positions rather than sex positions sex what
centralized exchange be to be clear
yes I do think that it is possible to replicate those strategies I would love to
work with traders like yourself if you see a trading primitive that you think
can be replicated for that because we see the same thing with Uniswap LP
positions as well people want to be able to hedge exposure in a pool of two
assets against one that is the one they don't really want and that's like a kind
of another defy native strategy outside of like meme coin stuff and I do agree I
mean like if you can replicate a trading strategy that does something similar to
that the returns would be insane and just to give you all like you know a bit
of you know understanding is to the returns that you get from synthetic
options I created a call at the right before Bitcoin shut up in the past few
days at 60 I think it was at 62,000 I think I've made like like $20,000 in the
past few days and I did nothing I took me 15 seconds to set this up my
collateral is maintained when it was going down because it never hit that 5%
to half my nose you know and now it's doing very well right so imagine that
level of simplicity and set it and forget it capability with something in a
market like meme coins that has like a thousand X returns you know in a very
short period of time just from spot market exposure and then that's why we
call these wealth creating tools because otherwise you would need a quant
to do this which is where these strategies are being developed by
quants and so yeah long story short you know we would love to we love to
connect offline to talk about what we can create but right now we don't have
that sounds good to connect that'll be fun I'll tell someone who wants to
talk to you for sure love it jump in k-tuck hey how's it going guys I mean
this has been very interesting um the only issue is you know managing people's
money through a defy lens is gonna be catastrophic very soon um everyone is
getting you know 200 300% on Bitcoin if you bought it in the fall which was
pretty obvious it was gonna move up very soon um you're doing a great return it's
just a platform like yourselves I've just seen it gone south so many times um
regulation is coming and the issue of all these memes is you got people who are
outperforming in an inefficient market as is and I just this is really tough
because I mean there's no such thing as quant and meme coins it's really just
insider pump groups and manipulation and all that and I've seen a first-hand as
somebody who runs a small meme portfolio for people it's it's pretty
chaotic and you know I lose an ETH I lose two ETH and then sometimes I make
three to five ETH on some and there's really no rhyme or reason why one goes
up versus the other so I'm just kind of skeptical how on a defy lens with all
this restaking stuff I mean it only takes one of these restaking projects to
go down and this whole thing is cooked so how how are you guys gonna be able to
hedge against that and sort of like the Bitcoin analogy if Bitcoin were to dump
for any reason a lot of people just get wiped out and that's what this market
is it's you really win by being spot and chill you know you buy something you
hold it for a few years and then you sell this is it's definitely it's
definitely a valid concern and I would agree with you in the context of a meme
coin strategy you would have more risk though I do think that Bitcoin and ETH
are definitely an exception to your rule by far the reason why is because they're
institutionalized now or they're institutionalizing and they're not just
institutionalizing through you know the approved ETF on Bitcoin side and
hopeful oncoming approval on the ETH ETF side they're institutionalizing
because governments are creating stockpiles unbeknownst to most of the
market of these two particular now referred to as digital commodities I'll
give you a perfect example did you know that the Phoenix group which is the second
largest Bitcoin miner in the world is majority owned by the United Arab
Emirates so in that context you're not going to see Bitcoin drop too
substantially it's very unlikely ETH I think is in a weaker position because it
has an institutionalized as quickly as BTC the likelihood that it will is very
high and so now the question becomes in the context of the risk that you
presented which are very real how do you make it them there's more variables to
mitigating risks than simply the spot exposure itself it's the amount of
leverage you take the underlying asset that you're focused on how developed that
asset is and the secondary risk mitigation you know factors that you
have embedded within the strategy that prevent losses most crypto currencies I
would say would not pass the smell test if assessed across all those
variables but Ethan BTC certainly do over time you know we'll see which other
cryptocurrencies will pass that smell test and this is why very strategically
really only focus the majority of our time and creating strategies focused on
those particular assets and also to your point right there are some
strategies that can capitalize on market and efficiency so synthetic
options are certainly one and that's why we added a vax a vax was kind of
like an exotic you know cryptocurrency strategy test I use the word exotic
because and you know FX market emerging market currencies are referred to as
exotic because the lower market cap and they're more easily manipulated and they
have very very wide spreads and because they have very liquid futures
markets and so the same is true for cryptocurrency every cryptocurrency outside
of Ethan BTC has an extremely illiquid derivatives market and so the test was
not can this sustain forever but whether you can create a synthetic option that
had an order of magnitude lower cost than the other competitors that are
providing traditional options for it because if you could then you could
create liquidity concentration and you could capitalize on the short-term
in liquidity of that particular asset now in the long term that strategy may
deprecate and many strategies will deprecate but the important thing is
is that we're trying to create a protocol that is a venue for an ever
expanding library of these primitives as they deprecate and has to become a
new depending on different market cycles and that is the future whether it's
DeFi necessarily or web 2.5 that enables this I think is certainly up for debate
but what I can tell you is is that manual asset management is not going to
be a thing 10 20 years from now and the the strategies that Goldman Sachs of
which I worked you know in BlackRock today will be completely deprecated and
be considered retail money things to do in the future the strategies the high
net worth individuals and institutions will leverage will be insanely complex
and arguably not even understood by the asset managers themselves because likely
they'll have an element of AI controlling them with regards to
regulatory regimes I think the best thing that protocols can do and this
is something that we're doing is you need to read domicile into you know
geographies like the Caymans and or BVI and in the long term probably look
at regulatory centers like Dubai just because they have you know regulatory
clarity I think those changes are you know they're difficult but they're you
can do them and in the long term and then in the American context you just
won't have a market here I think one thing that you know and I know I'm a
little bit on the soapbox but one last note I think one thing in the
context of finance that the West gets wrong is that it will always be a
hegemony of the US dollar and I think that they're also somewhat arrogant to
think that that switch from one global currency to another will be just as
long as the previous one but that is to say that we don't have airplanes and
cars and the last time the British pound was the global reserve currency we
were riding on horses and so the space of things changing is not the same it's
not constant it's exponentially changing and you know the optimization of trading
strategies through DeFi or at least through smart contracts maybe not DeFi
but certainly smart contracts that's an inevitability it has to happen yeah I
mean that's pretty interesting stuff I mean for everyone out there 99% of
traders in crypto are gonna get smoked this bull run it's inevitable and
and same with computers too I know and and this is pretty disturbing but last
week on telegram I got introduced to this guy who runs five telegram groups
with 350,000 people's reach and every single week they pick a single coin on
coo coin that's kind of a week go I has some interesting stuff with the order
book and they all bid it at the same time and they're using 50 to 100
million in size and they're wiping out multi tier one hedge funds I've seen
them clear on the order books hundreds of millions of dollars in a span of five
minutes and this is gonna be more and more tribal as a space because a lot of
these centralized exchanges do not care at all if there's outright manipulation
especially Oracle manipulation it's just how the space is gone and it's
turned into a circus and it's unfortunate and that's why I'm a huge
believer in just keeping it chill spot and chill I mean you can you can have
like active management but you're gonna outperform most of the time by just
buying Bitcoin buying aetherium holding it for a couple years and selling it
on an upswing I definitely I definitely agree I mean long-term
strategies both in trans buy and DeFi end up being the best but I think that
the only argument that I would have is is that that's not wealth creating and
also spark markets are definitely manipulated right I'll give you a
perfect example gold right the economics on gold does not make sense at all
gold is a fixed resource just like Bitcoin you do not create any more
gold and it's also used for a ton of computational resources that are
increasingly important given the AI race similar to silicon and it is well
known that hedge funds create introduce paper gold into spot markets to maintain
the price of what it is today that's a known fact and so the issue with people
who don't have a lot of money to leverage that strategy that you're
saying isn't necessarily that in the long term it will give them the best and
least risky ROI which I agree it's to say that they won't make enough money
for it to be worth it it will not change their social class and it doesn't also
change the fact that the market is still manipulated and crypto to your point I
absolutely agree crypto markets are very very manipulated but I don't think that
crypto markets are more manipulated than traditional financial markets I really
don't and I've worked at consensus yeah I've worked on both sides I've seen you
know the you know the the spots behind the painting on the wall both are
equally manipulated both both benefit off of selling to retail for sure and
that's true of introduction of new stocks via IPOs right at the end of the day
it's all marketing and perceived value from 99% of assets and that's why 99%
of retail traders in any context are going to get wrecked I agree with you
there as well got to jump in here running a little short on time so Eric I
wanted to see if you had any other comments you wanted to make here and
then we can move into some final comments from emoji amazing questions
across the panel everybody up here certainly deserves a follow if you are
trying to grow especially in the world of web 3 just some great people good to
see Moby joining us up here as well and and the rest of the panel and
everyone else that had confirmed with us rolling through Eric I'll turn it over
to you yeah no I am I think that was a great discourse and it was really well
received in the messages that I'm getting on the back channel and I think
you know having those conversations but being at a slower pace so people can
actually digest and taking the time to break it down is so key and crucial and
important especially when it's in regards to financial anything which is
the core to so many different systems to be running smoothly and as we know our
governments have not done the greatest job making our lives any easier with
that so I do appreciate when a quote-unquote new competitor or
collaborator arrives that can provide that value to the consumers and let's say
more traditional side of things so I appreciate the questions and answers
and Robbie and you mojo we appreciate your time here wanted to know if there
is anything else that you guys haven't said or that you'd like to share I know
you teased a little bit of alpha earlier I don't want to let you off the
hook and not have that shared so yeah if there's a few more things that you want
to drop to the room now's the time and then the space is recorded if any
of you join late so you will be able to listen to this retroactively and in
turn catch everything that you missed and if you haven't follow you mojo at
the top or myself or wolf or all three of us and the people beneath you beside
you and above you because nobody bites unless you like that kind of thing but
um yeah Rob has it yeah yeah absolutely so like real quick 30 seconds so private
sale open to everybody on paid slash ignition there'll be plenty of tweets
from this account on that if you want to get exposure to our token obviously
mojo X Y Z if you want to go along our short in between time and you know you
get an air drop for using the protocol so you don't spend any money whatsoever
for that token exposure if you prefer to go that route we will have first high
yield stablecoin on Bitcoin in May it is principle protected which Athena is
not though I do love Athena and I love aren't the haze but you know the same and
otherwise I mean if you're if you're a trader we would love to you know get your
feedback on strategies you want to see if you're not a trader and you don't
understand what the hell is going on an emoji dot XYZ we would also like to get
your feedback to make it make more sense and yeah that's it and I appreciate all
great questions and I love the discourse and I appreciate obviously you
all offering at this stage just really really thankful and thank you too for
coming up and joining us we're always looking to bring on the best of the
crop and those can be difficult to find so shout out to Eric for putting you all
on my radar love the panel's questions in the back and forth this is I mean
this is just such a nicer and easier way to learn about a company then go in
and digging through the white papers and websites this is just so much more
human as well so hope everybody took a lot away from this hope you guys have a
great time I know Eric you're me killing it at NFT NYC everybody check him out
hope I'll see a bunch of you at NFT NYC I'll be there I'll be speaking next week
and also involved with some events and on stage a couple times so it's gonna be
a good one Eric anything else yeah I will say on a Thursday at NFT NYC if any
of you are there I am hosting a stage I've got the CEO of wallet connect of
Empire Records of even dot biz polygon ventures partner I've got a lot of really
really incredible speakers and yeah come by and say hi I'll be hosting it the
whole day I programmed it completely myself and this is the first time that
they've allowed for outside programming to happen inside NFT NYC and then I'm
also DJing every night so you could literally just follow me around and find
great people places and things to do and most of the events that I'm doing
are open bar and free entry anyway so you just got an RSVP and that RSVP link
is on my wall under new friendship tech which is just technology creating new
friendships and that's what we're doing here that's what we're doing in this
space and the acronym is NFT and yeah looking forward to catching all y'all in
New York I leave LA in a couple hours peace beautiful thank you so much
everybody enjoy the rest of your evenings I'll be back on spaces as
always 9 15 a.m. Eastern nice and early you can come here to fill of crypto and
stock trading with us then should be a good one take care