BTC $40k & $COIN, Swing Trading, Multi-100% Gainers #E43

Podcast Overview

The podcast goes live every Tuesday at 11AM EST, drop your questions in the chat!

Get ready for Episode 43, where we delve deep into the dynamics of trading the multi-100% gainers and the art of holding trades longer.

In this episode, we discuss the exciting surge of Bitcoin over $40k and analyze the potential of $COIN stock. We also touch on PayPal's current position and whether it's a good buy, along with broader market trends that you need to know. Plus, don't miss our insights on trading discipline, using BookMap, and other key indicators. We wrap up with everyone sharing their gameplans, providing a comprehensive look at our diverse trading strategies.

0:00 📈 Trading The Multi-100% Gainers
13:57 ⏳ Holding Trades Longer
19:02 📊 BTC over $40k & $COIN Stock
26:45 🌍 Macro Feeling "On The Ground"
31:15 🤔 Is PYPL A Good Buy?
34:32 📉 Trends in the market
42:10 📊 CMND Stock Trading
45:02 💡 Discipline As A Trader
51:13 🗺️ Trading BookMap & Indicators
55:55 🎯 Everyone's Gameplans!

👉 https://youtube.com/live/eqMPqQJSwjI🎧

As always, we're incredibly grateful for your support. If you have any questions, suggestions, or feedback, please don't hesitate to reach out or leave a comment below the video. We're always here to help! 😊 Happy trading and stay tuned for more episodes!

#Love from the insiders ❤️

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Full Transcript

00:00:00.000 --> 00:00:02.970 
Danny Camozzo: I'd love to see Cmd get a pop and reclaim.

00:00:04.070 --> 00:00:06.969 
Alexander Winkler: Yeah, I was waiting for that the whole time.

00:00:08.659 --> 00:00:16.149 
Alexander Winkler: That was. I thought we were, gonna get that around like 10 that I thought maybe 1030. And then it just never happened.

00:00:18.539 --> 00:00:22.759 
Alexander Winkler: Okay, so we're live. I just clicked it.

00:00:22.779 --> 00:00:25.109 
Alexander Winkler: And now I gotta make sure

00:00:26.419 --> 00:00:28.958 
Alexander Winkler: I haven't muted on my other screens.

00:00:29.309 --> 00:00:34.629 
Alexander Winkler: Yeah. So I'm trying to figure out the new format here, which is basically obs recording myself

00:00:34.669 --> 00:00:39.409 
Alexander Winkler: or recording my screen. So if anyone has any better tips because it seems like

00:00:39.720 --> 00:00:41.950 
Alexander Winkler: this might not be the best setup.

00:00:42.000 --> 00:00:44.730 
Alexander Winkler: I would have to like click on. Who's talking here?

00:00:45.070 --> 00:00:49.489 
Alexander Winkler: So I don't know. We'll figure it out. Just gotta play around with these things

00:00:50.460 --> 00:00:53.538 
Danny Camozzo: trial and error. I would. I think that's how I would do it.

00:00:53.950 --> 00:00:58.629 
Alexander Winkler: Yeah, seems to make the most sense, for now and then I don't know

00:00:58.980 --> 00:01:05.619 
Alexander Winkler: we could. I'll just have to figure out if I want to share my screen. I'm not even entirely sure the best way to do that. I guess I'll just like.

00:01:05.929 --> 00:01:07.499 
Alexander Winkler: move my

00:01:07.610 --> 00:01:12.458 
Alexander Winkler: my trade journal or not. Trade journal, I think, or swim over over the

00:01:12.679 --> 00:01:14.869 
Alexander Winkler: Zoom Meeting. But we'll see.

00:01:15.549 --> 00:01:17.580 
Alexander Winkler: Yeah. So

00:01:17.710 --> 00:01:25.158 
Alexander Winkler: I guess we could talk about Cmd. It's already on the forefront of all of our minds, for sure, except maybe, Colby.

00:01:26.809 --> 00:01:31.719 
Danny Camozzo: I'm actually watching it for a trade here. If it breaks down under 60 and gets back over quickly.

00:01:32.090 --> 00:01:35.580 
Alexander Winkler: Yeah. kind of eager beaver about it, too

00:01:36.429 --> 00:01:40.110 
Alexander Winkler: cool. Did you do some research on the the gappers?

00:01:40.340 --> 00:01:41.970 
Colby Warshel: Well, no, I didn't.

00:01:43.169 --> 00:01:48.779 
Colby Warshel: I was just talking about vvos because Lance Bristign had a tweet about it, and everybody was really mad.

00:01:48.980 --> 00:01:59.219 
Colby Warshel: They were saying that vvos was like untradeable, and he was saying that it's a shame if you aren't like studying this ticker, and it made a bunch of people like angry, I guess.

00:02:00.000 --> 00:02:10.879 
Tommy Salerno: What do you mean? Wasn't tradable. That thing was tradable all day. The the volume on that and the liquidity on that day was so high you could trade it all day long.

00:02:12.029 --> 00:02:17.960 
Colby Warshel: Yeah, he was saying. The break of 20 was the easiest entry, which is just straight up like a breakout trade.

00:02:18.100 --> 00:02:26.538 
Colby Warshel: which is probably why I got flak. Because why are people buying breakouts in 2023? I don't know.

00:02:27.289 --> 00:02:35.289 
Tommy Salerno: Yeah. It was an extended extended move coming into power hour. Yeah, usually, something like this, you'd see in 2021.

00:02:36.139 --> 00:02:40.659 
Yeah, we haven't seen something like this since 2021, yeah, I could see how a lot of people were

00:02:40.669 --> 00:02:44.578 
Tommy Salerno: over size to the short side. I also saw

00:02:45.470 --> 00:02:48.879 
one of the guys from investors underground was saying that the

00:02:48.950 --> 00:02:53.239 
Tommy Salerno: the shares to go short were the

00:02:53.259 --> 00:03:00.948 
Tommy Salerno: the cost to borrow were so cheap that it could have also caused people to oversize, oversize to the short side.

00:03:00.990 --> 00:03:12.149 
Tommy Salerno: Especially after it's big move from 4 to 20 or 4 to 18. You know. How much higher is that going to go? If you look at, and then they get thrown out. Yeah.

00:03:13.480 --> 00:03:14.500 
Tommy Salerno: the

00:03:16.669 --> 00:03:19.409 
Alexander Winkler: how are you guys is trading on Vbo as

00:03:20.000 --> 00:03:21.859 
Danny Camozzo: I'm trying to pull that up now.

00:03:22.070 --> 00:03:26.240 
Danny Camozzo: Unfortunately.

00:03:26.309 --> 00:03:29.489 
Danny Camozzo: Trader View isn't really doing a good job showing my trades on it.

00:03:32.200 --> 00:03:36.328 
Danny Camozzo: I traded it well, II locked up just over 3,000 on it

00:03:36.769 --> 00:03:37.899 
Danny Camozzo: last week.

00:03:41.120 --> 00:03:42.989 
Danny Camozzo: I just can't see where I traded it.

00:03:44.379 --> 00:03:48.909 
Danny Camozzo: But yeah, I mean, it had decent action and decent volume on it all day.

00:03:51.090 --> 00:03:58.860 
Danny Camozzo: and it was the first thing that actually moved strong was the first real momentum stock we had had in

00:04:00.090 --> 00:04:19.509 
Alexander Winkler: probably months. Right? Yeah.

00:04:19.840 --> 00:04:31.379 
Alexander Winkler: So from basically 8 30 until like 9, 45. And then I actually ended up wrapping it up. And I missed the second leg. So I missed both the beautiful legs on it.

00:04:31.710 --> 00:04:37.899 
Alexander Winkler: Actually, all 3 technically, cause I had that last power hour move as well.

00:04:41.080 --> 00:04:46.308 
Danny Camozzo: Those first day. Big movers are really hard to trade. Well, yeah.

00:04:46.799 --> 00:04:55.668 
Danny Camozzo: because you're always expecting or you're you're never expecting to move like that when it's been dry for 2 straight months.

00:04:55.850 --> 00:05:04.029 
Alexander Winkler: Yeah, every pop you're just like, no, I don't trust that. It keeps running for 30 min. And you're like, wait a second. I trade this.

00:05:07.450 --> 00:05:14.470 
Tommy Salerno: Yeah. It was nice that we got. We got that momentum, though, last week that was probably the hottest week of the year, actually.

00:05:14.740 --> 00:05:24.549 
Tommy Salerno: as far as amount of gappers and tradability of these gappers and volume profile with best week of the year.

00:05:24.929 --> 00:05:26.668 
Tommy Salerno: As far as you measure it that way.

00:05:26.750 --> 00:05:30.729 
Danny Camozzo: It was definitely the highest week in the last, like 2 2 and a half months

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Tommy Salerno: for sure. Yeah.

00:05:32.620 --> 00:05:43.058 
Tommy Salerno: Then we got we got that one stock any Xi. Now II knew I was even warning people like once you see something like this.

00:05:43.269 --> 00:06:01.619 
Tommy Salerno: what was that stock that you got caught in Alex, that you got caught on a so that was like a similar situation. You know one of the leading gappers kind of carrying no momentum forward.

00:06:01.759 --> 00:06:09.470 
Tommy Salerno: and then you get caught and it gets into a T, 12, halt and opens up 50%. Or in your case, 80% lower.

00:06:09.500 --> 00:06:22.168 
Tommy Salerno: that's going to completely destroy any momentum that we were having. And that's exactly what happened after this. Opened up 50% lower. We didn't get anything else on Friday afternoon.

00:06:22.210 --> 00:06:33.408 
Tommy Salerno: Monday was kind of like hit or miss kind of like. So so and then today is like also very, very choppy as well and not not good for momentum.

00:06:34.629 --> 00:06:49.828 
Alexander Winkler: Yeah, people get nervous when they see that I mean, I'm still. I'm still in a hole from Edx. I haven't been able to get out of it just just because my training hasn't really been that great yet. Edx doesn't even load on the charts. But yeah, it's been a bit of a bit of a grind for me.

00:06:50.100 --> 00:06:51.480 
Alexander Winkler: unfortunately.

00:06:53.980 --> 00:06:55.809 
Colby Warshel: doesn't even show up anymore.

00:06:56.009 --> 00:07:04.370 
Alexander Winkler: If I loaded on thinkers swim, it often doesn't pull off, but if I move it to a smaller timeframe, sometimes it does.

00:07:05.350 --> 00:07:11.340 
Colby Warshel: That's funny. Mine works on a large time frame timeframe. Yeah. Yeah.

00:07:11.809 --> 00:07:13.440 
Colby Warshel: Says, it's at 63.

00:07:14.360 --> 00:07:16.359 
Colby Warshel: Yeah, it's totally messed up.

00:07:17.139 --> 00:07:34.109 
Alexander Winkler: I think it was they. It basically closed. This takers not listed anymore. And it was it was basically taken private. And then thinkorswim or Tdm merit, ray told me, like I got, I don't know, like Tenten, $10 a share, or whatever it was.

00:07:34.440 --> 00:07:39.399 
Alexander Winkler: And then my shares were gone. So yeah, that's basically how how it ended.

00:07:40.240 --> 00:07:43.028 
Colby Warshel: That's so funny that the market works like that.

00:07:43.120 --> 00:07:49.519 
Alexander Winkler: Yeah, it's pretty terrifying. Huh? Yeah, that's a big loss. The fact that you can buy something at 60 fucking dollars a share.

00:07:49.620 --> 00:07:51.229 
Colby Warshel: and then the market's just like

00:07:51.570 --> 00:08:05.399 
Alexander Winkler: you. I'm taking your money. Sorry. And this you just gotta be like, well, okay.

00:08:05.529 --> 00:08:08.058 
Alexander Winkler: game over crazy.

00:08:08.669 --> 00:08:10.729 
Colby Warshel: that's a risk.

00:08:11.129 --> 00:08:16.009 
Colby Warshel: There's probably people who like can make some argument that, like

00:08:17.019 --> 00:08:20.500 
Colby Warshel: their size on edx, would have made them like

00:08:21.210 --> 00:08:37.220 
Colby Warshel: an investor in the company that's large enough where they're like, you know. Whenever a company goes bankrupt they give the class a shares to the people who invested first, and they pay out. The first investors like that'd be interesting if they did that for something like this, too. I'm sure someone that bought that stock

00:08:37.420 --> 00:08:39.419 
Colby Warshel: got some money back. I don't know

00:08:39.430 --> 00:08:45.729 
Alexander Winkler: somebody made money. I mean that money doesn't disappear right? It's a 0 sum game how to end up somewhere.

00:08:46.019 --> 00:08:47.638 
Colby Warshel: True.

00:08:49.279 --> 00:09:07.079 
Alexander Winkler: but II couldn't answer that. It was a little confusing. II always kept trying to research more about it. But I was basically just taken private. And I guess if you're short, you would have been doing pretty well, but I mean it also was. It was like a 1520 x, so II don't know how you would have short at that one, either.

00:09:07.619 --> 00:09:08.599 
Alexander Winkler: So

00:09:10.420 --> 00:09:12.890 
Colby Warshel: yeah, I went from 15 to 80 in one day.

00:09:14.329 --> 00:09:35.529 
Alexander Winkler: Yeah, that's absurd. Okay, yeah. More like an eightx. But yeah, that that, I think, was that was ridiculous. So I'm a little bit cautious. I've been actually spending most of my time trading pre market, and it's been actually going a little bit better. I'm not great around trading halts, and I think that's a big reason why so just kind of disting distancing myself from a little bit of the chaos of the opens lately

00:09:35.710 --> 00:09:41.038 
Alexander Winkler: has has been a little bit good for me, or what somebody said.

00:09:41.420 --> 00:09:50.680 
Alexander Winkler: I think Jim Bean, and our discord said he was just waiting till 100'clock. So that's like another way to approach it, and just kind of trading a little bit later in the morning.

00:09:50.940 --> 00:09:59.409 
Alexander Winkler: And I yeah, I kinda I totally agree. I think if I was in West Coast I'd probably do that. But since I'm in Europe right now. I'm I'm doing the pre-market version of that.

00:09:59.710 --> 00:10:04.609 
Danny Camozzo: And it's my open has definitely been choppy and difficult. Recently.

00:10:04.690 --> 00:10:08.450 
Alexander Winkler: Cure chaos. Yeah, pretty much.

00:10:10.220 --> 00:10:12.439 
But I kind of expected at this point.

00:10:12.630 --> 00:10:13.390 
Alexander Winkler: Yeah.

00:10:13.910 --> 00:10:18.720 
Danny Camozzo: And I see people making good money. I know. PI know you can make money

00:10:19.019 --> 00:10:24.630 
Danny Camozzo: at the open. Just have to be careful and adapt to how stocks are moving.

00:10:25.950 --> 00:10:26.750 
Alexander Winkler: Yeah.

00:10:27.289 --> 00:10:29.939 
Danny Camozzo: I'm still interested in CM. Nd here

00:10:34.640 --> 00:10:38.598 
Tommy Salerno: last week was MINM. This one went from

00:10:39.170 --> 00:10:41.190 
Tommy Salerno: a dollar to $10

00:10:42.029 --> 00:10:46.068 
Tommy Salerno: was another really good one. I did okay on that one.

00:10:47.269 --> 00:10:50.509 
Danny Camozzo: Yeah, IM. And M was another good one for me. Last week

00:10:51.890 --> 00:10:56.609 
Danny Camozzo: we have vpos IM and M, we have vue CAPT.

00:10:57.279 --> 00:11:08.589 
Alexander Winkler: Yeah. I made a quick one K on M, right in the beginning, but I thought it was done, and then I locked it in, and it kept on rolling. What are the chances? What a crazy!

00:11:10.380 --> 00:11:14.450 
Alexander Winkler: That was a beautiful pre-market session that was like a classic, you know. Nice.

00:11:14.650 --> 00:11:24.759 
Alexander Winkler: Oh, the pre-market wasn't super clean, but I mean, compared to like most action. It was pretty nice, but then, you know, the open again on that one was super hectic. It was just.

00:11:25.019 --> 00:11:26.230 
Alexander Winkler: I don't know.

00:11:26.279 --> 00:11:34.179 
Alexander Winkler: It would have been tough to trade you, you basically, it feels a bit like rolling the dice, you know, it's gonna flush down is gonna flush up. And then in 2 min that's the whole move.

00:11:34.609 --> 00:11:37.598 
Alexander Winkler: And after that it was kind of over.

00:11:39.099 --> 00:11:47.878 
Tommy Salerno: Yeah, II think the hub best pop the best trade after the open, which probably I can share my screen here, so

00:11:48.009 --> 00:11:51.419 
Tommy Salerno: I should probably take off desks. I don't think I'm allowed to

00:11:51.650 --> 00:11:52.730 
Tommy Salerno: stream that.

00:11:55.769 --> 00:12:00.108 
Tommy Salerno: Yeah. I think you can get in trouble for streaming. Das trader, right? Live streaming it.

00:12:00.630 --> 00:12:02.660 
Danny Camozzo: Yeah, they don't like you to do that.

00:12:03.279 --> 00:12:05.329 
Alexander Winkler: The level 2

00:12:05.710 --> 00:12:15.128 
Tommy Salerno: yeah, I guess, like, quick, demo. Or just yeah. So here's the my nm, so I think the best trade after the open was definitely here, cause you have the

00:12:15.380 --> 00:12:16.858 
Tommy Salerno: You have the shakeout

00:12:16.880 --> 00:12:24.500 
Tommy Salerno: and then the reclaim. I'm not sure if it was a shakeout, or if we we stopped out shorts first, I'm not sure which came first.

00:12:24.809 --> 00:12:28.630 
Tommy Salerno: but you've got sort of that fan candle, that's usually, you know, a sign that

00:12:28.769 --> 00:12:35.338 
Tommy Salerno: little bit of, you know. Shake out either from the shorts or the for the Longs. And then, you know.

00:12:35.559 --> 00:12:41.509 
Tommy Salerno: as we're kind of creeping back up to reclaim that that's definitely a more of a higher win rate setup.

00:12:41.650 --> 00:12:46.019 
Tommy Salerno: Actually, especially in this hotter market, the hotter market environment.

00:12:46.049 --> 00:12:48.949 
Tommy Salerno: And then just pretty much just catching the break at this 1 min. High

00:12:49.400 --> 00:12:54.319 
Tommy Salerno: And I'm I think it like, immediately went up to like $9.

00:12:54.710 --> 00:13:01.990 
Tommy Salerno: So that was probably the best read. Even if you can kinda take a starter down here, as it's creeping up and then just adding into it.

00:13:02.700 --> 00:13:08.659 
Tommy Salerno: probably would. It would have done well, but I didn't. I didn't trade that one I didn't trade that setup.

00:13:11.150 --> 00:13:16.278 
Tommy Salerno: And then again, like after pre-market, you know, you see a move? Or is this like 700%?

00:13:16.789 --> 00:13:19.659 
Tommy Salerno: How much higher is that gonna go after the open.

00:13:19.769 --> 00:13:20.670 
Danny Camozzo: right

00:13:22.190 --> 00:13:25.730 
Tommy Salerno: so. but very, very good. Set up there.

00:13:25.950 --> 00:13:31.858 
Tommy Salerno: And I like how the this market, like it's still kind of

00:13:32.299 --> 00:13:37.339 
Tommy Salerno: when the market's hot. It's still producing those moves that we were getting

00:13:37.509 --> 00:13:43.999 
Tommy Salerno: previous years like a thousand percent moves are now normal for a hot market, which is great. I love that.

00:13:45.170 --> 00:13:49.528 
Alexander Winkler: Yeah, yeah, that's true. Once they squeeze, they squeeze hard. It's nice.

00:13:49.750 --> 00:13:50.609 
Tommy Salerno: Yeah.

00:13:50.869 --> 00:13:58.690 
Danny Camozzo: especially right now, when things have just not been moving, and then shorts, get caught underwater and have no idea what to do at that point

00:13:59.000 --> 00:14:04.980 
Alexander Winkler: is, is anyone holding these moves longer? Is that anyone anyone's trying to do that at all or no.

00:14:05.410 --> 00:14:10.809 
Danny Camozzo: I do try to. I haven't really had the chance very much lately.

00:14:11.670 --> 00:14:18.700 
Danny Camozzo: Last week was the first week of like hot momentum. So I wasn't really holding stuff I was. I was holding intra

00:14:18.809 --> 00:14:22.999 
Danny Camozzo: intra moves for like a couple minutes of time at least. But

00:14:24.000 --> 00:14:27.398 
Danny Camozzo: nothing's really holding longer than that still.

00:14:29.579 --> 00:14:39.209 
Alexander Winkler: yeah. yeah. I also don't have a lot of faith in holding it kind of feels like there's a big green candle you want to jump in on it. You definitely don't want to wait for a red candle.

00:14:39.269 --> 00:14:46.990 
Alexander Winkler: I'd rather buy high on a green candle. Then wait for the red pull back, and then you might get 20 randomly.

00:14:47.000 --> 00:14:57.990 
Alexander Winkler: But after that everything is just a coin toss that actually, it's not a coin toss. It's like 95% of the time it's going to going far, far lower than where it started

00:14:58.319 --> 00:15:08.419 
Alexander Winkler: really quickly. So within the next 2 min. So yeah, it's tough. I mean am I? And and that that would have been obviously in hindsight, you know, great to hold, but

00:15:09.059 --> 00:15:11.799 
Alexander Winkler: no way, no way. I think I would have been able to do that.

00:15:12.829 --> 00:15:17.828 
Alexander Winkler: But yeah, we had. We had. We did have so many multi day gappers and just 100,

00:15:18.069 --> 00:15:26.919 
Alexander Winkler: you know, multiple 100 winners that it is pretty tempting to want to start doing that when you see that back to back. But I don't think I can commit to that yet.

00:15:27.750 --> 00:15:41.670 
Danny Camozzo: I was hoping we'd see some more continuation this week. Ss, T. Was really terrible for me yesterday, and I probably just need to have like a Max loss per ticker

00:15:41.730 --> 00:15:53.119 
Danny Camozzo: like $500 per ticker. because I was down 4,000 on SSNT. But I still was. If I hadn't traded it I would have had a solid green day.

00:15:53.849 --> 00:15:57.289 
Alexander Winkler: Yeah, Instagram story. I was like.

00:15:57.910 --> 00:16:03.480 
Danny Camozzo: there's no reason for me to keep trading something that is clearly showing me that much that I'm

00:16:03.500 --> 00:16:04.619 
Danny Camozzo: wrong.

00:16:05.490 --> 00:16:11.898 
Alexander Winkler: I feel the same. There's also there's always those stickers where I just. I'm only trending down on.

00:16:12.009 --> 00:16:15.659 
Danny Camozzo: That was Ssnt. For me all day yesterday.

00:16:15.680 --> 00:16:17.269 
Alexander Winkler: It's stressful

00:16:18.099 --> 00:16:42.140 
Danny Camozzo: I was doing dip buys. I was trying everything. I had stopped doing breakouts on it, and then, even when I was trying to buy dips on it, it would just it would fill me on the ask, and then it would get me out on the bid every single time. So even with the like 10 spread or so trying to nail those dip entries, I get filled

00:16:42.509 --> 00:16:50.759 
Danny Camozzo: on the ask, and then And then, if it doesn't pop right away, you kind of have to bail. So I was just locking in paper cuts constantly.

00:16:53.470 --> 00:16:56.189 
Tommy Salerno: Yeah, it's been my experience past 2 past 2 days.

00:16:58.089 --> 00:17:04.079 
Tommy Salerno: but last week I had my first green week since late October at least, though

00:17:04.470 --> 00:17:06.689 
Tommy Salerno: it was a decently solid week.

00:17:07.900 --> 00:17:18.359 
Alexander Winkler: Green weeks are nice. Yeah, I feel the same. Last week was also my first green week in a while, and it wasn't that big. But it was just like, oh. thank God!

00:17:18.500 --> 00:17:19.259 
Alexander Winkler: But.

00:17:20.440 --> 00:17:23.798 
Colby Warshel: Bro, I feel like I haven't even looked at my pnl in months.

00:17:23.990 --> 00:17:27.490 
Alexander Winkler: I just don't even wanna see it.

00:17:27.579 --> 00:17:32.480 
Alexander Winkler: Those are sometimes the best streets when you don't, when you forget about Pnl altogether.

00:17:32.789 --> 00:17:34.608 
Colby Warshel: not for me.

00:17:35.490 --> 00:17:37.950 
Alexander Winkler: What's up with all that Christmas stuff in the background?

00:17:39.210 --> 00:17:54.088 
Colby Warshel: My sister has a work party. His sister, my girlfriend. Yeah, let's confuse those 2 things. My girlfriend has a work party. Yeah, for real. She has a work party, and she is like they're all these fucking.

00:17:54.130 --> 00:17:55.828 
Colby Warshel: I don't know table settings.

00:17:55.940 --> 00:17:56.619 
That's

00:17:57.880 --> 00:17:58.880 
Alexander Winkler: that's it.

00:17:59.470 --> 00:18:03.990 
Colby Warshel: I saw yesterday on your calendar. I saw $950 green day.

00:18:05.200 --> 00:18:09.539 
Colby Warshel: Yeah, I mean. it's not real money. So who cares?

00:18:11.049 --> 00:18:17.490 
Tommy Salerno: Well, that's good, though, cause that that'll get you on contract to start training.

00:18:18.369 --> 00:18:30.890 
Alexander Winkler: Yeah, that was, that was a trade that I don't even wanna talk about, because it was still just me being pissed and making money that I shouldn't have made, and I got lucky, so I don't even

00:18:31.049 --> 00:18:35.119 
Colby Warshel: I just did it. And I was like I felt worse after I was like cool.

00:18:35.140 --> 00:18:44.608 
Colby Warshel: You had 4. You. You sized up 4 x your size. You held it for fucking 2 h because your stop was either blow the account or make money.

00:18:44.680 --> 00:18:51.269 
Colby Warshel: and then I made money. And I was like, Oh, great, wow! Feel so good. It was a $2,000 trade. I was down a thousand already.

00:18:51.890 --> 00:18:52.740 
Colby Warshel: So

00:18:53.480 --> 00:18:57.539 
Alexander Winkler: yeah, okay, yeah, I close it on. I was like, Oh, that's great.

00:18:57.740 --> 00:19:00.308 
Colby Warshel: I don't feel anything.

00:19:00.819 --> 00:19:02.528 
Don't kill anything

00:19:03.119 --> 00:19:04.390 
Danny Camozzo: dead inside.

00:19:04.630 --> 00:19:18.239 
Alexander Winkler: Luck is anyone. Here's a here's a pretty big topic. You guys can't go on Youtube without seeing it right now. Bitcoin. Over 40,000. I know coin base is up like 300, almost 400

00:19:18.339 --> 00:19:24.940 
Alexander Winkler: since it slows. Are any of you guys on the Crypto Crypto trend right now?

00:19:25.289 --> 00:19:28.430 
Danny Camozzo: I'm not. I actually was blissfully unaware.

00:19:28.490 --> 00:19:32.078 
Danny Camozzo: Now I have $300 in Bitcoin. I just checked

00:19:33.369 --> 00:19:36.068 
Danny Camozzo: up from like

00:19:37.089 --> 00:19:38.170 
Danny Camozzo: I don't know.

00:19:40.519 --> 00:19:58.250 
Alexander Winkler: I think the word bliss blissfully unaware in Bitcoin now, up from like 260 a month ago. So yeah.

00:19:58.839 --> 00:20:05.209 
Danny Camozzo: yeah, I don't. I don't pay attention to Crypto pretty much at all. Why is it up?

00:20:06.400 --> 00:20:15.749 
Alexander Winkler: I think it was just, you know, I had a really big sell off, and it kind of found its bottom. And like there's some etf news. And

00:20:15.809 --> 00:20:20.329 
Alexander Winkler: I was checking it out. I mean, there's nothing really, Major new, I would say.

00:20:20.759 --> 00:20:28.440 
Alexander Winkler: I think it just found a bit of a bottom and bounced up. I mean, I actually would have liked to accumulate the last few months. But I just

00:20:28.849 --> 00:20:37.409 
Alexander Winkler: man most of my I don't know. I have a lot of funds in my Ira, I don't want to take it out of my Ira. I have my other. I have funds allocated other projects.

00:20:37.559 --> 00:20:43.278 
Alexander Winkler: and I've you know I've gotten really wrecked 3 times from Crypto, and I'm just

00:20:43.299 --> 00:20:53.380 
Alexander Winkler: a little bit like it's a little bit sad watching this rally because I had like and blocked fine. They disappeared. So I was just like, Hmm, this would have been a nice rally.

00:20:53.789 --> 00:20:56.798 
Alexander Winkler: but seems like a good time for me to maybe sell.

00:20:57.089 --> 00:21:16.388 
Alexander Winkler: Yeah, yeah, right, I mean, when everyone's signed my crypto, it's usually a good time to sell, and then, when no one's talking about it, it's a good time to buy but it might still be early in the rally. I wouldn't be surprised, even though basically already 5 x if you know over the next year it was basically just a big bull trend. And then.

00:21:16.809 --> 00:21:26.868 
Alexander Winkler: you know, it's gonna get really talked about again. And then it's probably gonna have its its next dump. but it's consolidate at a higher level would be my guess.

00:21:28.380 --> 00:21:47.689 
Alexander Winkler: But I'm I'm not really holding much, Bitcoin. I have. I have a few $1,000 left because I had it on wallets and different places. And that's basically what was left after the after the block fight incident and my hack incident. And what was the other incident? Don't even remember right now. But I'm just like screw it. I don't know.

00:21:48.019 --> 00:21:49.838 
Colby Warshel: Finance

00:21:51.539 --> 00:22:11.109 
Alexander Winkler: finance. Oh, yeah. So, by Nance, had yeah, cez just got caught with money laundering and a whole bunch of other issues. But he's he's where is he in like Uae or something, so they don't have extradition orders with us. So I think he's safe. But yeah, he's

00:22:11.519 --> 00:22:19.720 
Alexander Winkler: like a billion or something something retarded. But he he's he's doing a lot of shady shit. So

00:22:20.250 --> 00:22:29.750 
Colby Warshel: yeah, when I heard that I was like Crypto, have a fun life. I'm never fucking touching it. If if the fucking, if Ftx and finance are fucked.

00:22:29.869 --> 00:22:32.519 
Colby Warshel: Okay, then what the fuck do you buy it on

00:22:32.980 --> 00:22:54.140 
Alexander Winkler: one of the better platforms? They are pretty transparent. They're all they're public right? So all the other exchanges aren't. So I think that helps a little bit with transparency. I mean, technically, Robin Hood is public, but they you don't. You can't withdraw the currency, the crypto from your Robin Hood account.

00:22:54.170 --> 00:22:59.819 
Alexander Winkler: So it's a little bit different. Coinbase is actual. You can buy the crypto itself. But

00:23:00.869 --> 00:23:25.429 
Alexander Winkler: yeah, there's probably a good argument that it is a good time to buy because of finance and Ftx. And all this bullshit I would like for there to be a bigger sell off because it just had a really strong rally. And now it's like, you can't open Youtube without seeing a bunch of crypto videos. I wouldn't be surprised if there was like a 20 to 30 random big dip.

00:23:25.589 --> 00:23:27.689 
Alexander Winkler: I would probably wait for that. But

00:23:28.839 --> 00:23:34.538 
Alexander Winkler: Dca is typically your best bet with these long term plays, because you'll never really time it perfectly.

00:23:35.750 --> 00:23:44.088 
Colby Warshel: Yeah, it's tough, too, because it's like, go for a couple of 100 and Bitcoin, or just buy the Nasdaq and make 50. Yeah, yeah.

00:23:44.660 --> 00:23:45.900 
Alexander Winkler: yeah, exactly.

00:23:46.549 --> 00:23:48.160 
Colby Warshel: I think the Nasdaq is up.

00:23:48.569 --> 00:23:51.819 
Colby Warshel: What? 35% this year?

00:23:52.269 --> 00:23:56.849 
Alexander Winkler: Yeah, the netsbags on fire. Huh? Quite a bit. Yeah, yeah.

00:23:56.930 --> 00:23:59.209 
Colby Warshel: So here's January first.

00:24:00.250 --> 00:24:05.499 
Colby Warshel: and we are up 40, 47%

00:24:08.480 --> 00:24:10.410 
Alexander Winkler: since January first or

00:24:10.819 --> 00:24:13.319 
Colby Warshel: since January first of 2023.

00:24:14.049 --> 00:24:15.069 
Alexander Winkler: That's awesome.

00:24:15.950 --> 00:24:17.098 
Alexander Winkler: Yeah, that is

00:24:17.829 --> 00:24:19.329 
Colby Warshel: 47%. Yeah.

00:24:19.500 --> 00:24:24.348 
Alexander Winkler: yeah, it was definitely a large cap environment without a question.

00:24:25.069 --> 00:24:29.009 
Colby Warshel: There's also the very bottom low, which was January. But

00:24:29.079 --> 00:24:30.489 
Colby Warshel: still.

00:24:33.079 --> 00:24:40.150 
Colby Warshel: that's insane. I bet the market makes a new all time high before, like March of next year.

00:24:42.599 --> 00:24:46.579 
Danny Camozzo: I don't know, but I would kind of like to see it consolidate under

00:24:47.299 --> 00:24:48.929 
Danny Camozzo: just under hives

00:24:48.980 --> 00:24:53.789 
Danny Camozzo: for a little bit, so that it actually sets up for a stronger break.

00:24:53.960 --> 00:24:57.250 
Danny Camozzo: because if it just breaks through the previous top.

00:24:57.880 --> 00:25:01.349 
Danny Camozzo: I think there's just going to be a lot more profit taking rather than holding.

00:25:02.700 --> 00:25:17.179 
Colby Warshel: Yeah, I bet it holds here for a while. Maybe it dips like 5% and holds the spot. But this is pretty close to all time highs. We're only 6% away Aztec, at least. So if it does for a couple of months. And I bet it goes 5.

00:25:17.599 --> 00:25:25.898 
Colby Warshel: Yeah, I think it goes like 5 to 10 above the all time high. And then we see, like another decent. maybe 20% pull back

00:25:26.019 --> 00:25:29.769 
Danny Camozzo: something like that spy is like, so 3 or 4% away.

00:25:31.679 --> 00:25:33.099 
Colby Warshel: Yeah, it's ridiculous.

00:25:33.269 --> 00:25:36.190 
Alexander Winkler: You guys really think that there's gonna be like another

00:25:36.539 --> 00:25:43.099 
Colby Warshel: another goal market another 5 10 year bull market. That's a good question. That's what we're in, honestly, at least, from what I think.

00:25:43.309 --> 00:25:46.789 
Tommy Salerno: I don't think. But some people say we did.

00:25:47.500 --> 00:25:55.429 
Colby Warshel: Yeah. When the recessions here, it's way too late to making stock market predictions anymore. So the predictions are gone 6 months ago.

00:25:55.860 --> 00:26:04.048 
Colby Warshel: If you're making predictions now, I feel like just so late to the game. Once the recession actually starts. That's probably when the bull market's gonna get even stronger.

00:26:04.449 --> 00:26:10.139 
Colby Warshel: because everyone's going to be pissed about something and trying to sell the market, and that's whatever all the hedges are. Gonna buy it

00:26:10.230 --> 00:26:12.690 
Alexander Winkler: the interest rates might get lower.

00:26:13.500 --> 00:26:19.920 
Colby Warshel: If you add up the tickers like the Fang tickers with Nvidia and Tesla and Meta.

00:26:20.159 --> 00:26:30.730 
Colby Warshel: well, Apple Amazon, Google and video tests on Microsoft Meta. If you add them up, they did make an all time high 2 weeks ago. So

00:26:31.389 --> 00:26:32.070 
Tommy Salerno: well.

00:26:32.530 --> 00:26:39.429 
Colby Warshel: yeah, and those are basically 80% of the entire stock market in terms of weight. So

00:26:40.329 --> 00:26:43.719 
Colby Warshel: yeah, probably more. I mean, it's probably 90, 95%.

00:26:44.010 --> 00:26:45.358 
Danny Camozzo: It's not surprising.

00:26:45.869 --> 00:26:46.650 
Colby Warshel: Yeah.

00:26:47.519 --> 00:26:59.059 
Alexander Winkler: what are what are your guys vibes on the ground like, how does it feel in your your communities in terms of the economics? Does people feel like they're in any sort of recession is that people are spending money like crazy?

00:26:59.179 --> 00:26:59.989 
Alexander Winkler: Or

00:27:01.349 --> 00:27:05.940 
Danny Camozzo: it seems like a pretty tough environment. Still, people having a lot of trouble

00:27:06.090 --> 00:27:11.369 
Danny Camozzo: just with like normal, everyday expenses and stuff like that.

00:27:11.900 --> 00:27:17.420 
Danny Camozzo: at least from my perspective, what I'm seeing across social media and like, just talking with people.

00:27:18.630 --> 00:27:23.349 
Tommy Salerno: Yeah, same here, for my previous job. And then also with,

00:27:23.769 --> 00:27:27.539 
Tommy Salerno: yeah, just just like talking to people in in public.

00:27:27.670 --> 00:27:33.750 
Tommy Salerno: Definitely, people are feeling the cost of living increase, you know, rent or just actually through the roof.

00:27:33.980 --> 00:27:38.519 
Tommy Salerno: So just like General, I think most people are just trying to get by

00:27:38.719 --> 00:27:47.958 
Tommy Salerno: paycheck to paycheck, and you know the the income increasing as an employee does not match

00:27:48.019 --> 00:27:49.329 
Tommy Salerno: the increase in

00:27:49.340 --> 00:27:56.409 
Tommy Salerno: lifestyle and living costs. So I mean II felt it

00:27:56.710 --> 00:28:07.699 
Tommy Salerno: for sure. and it kind of puts you in a different head space to where, like, you know, I only wanna be spending on my necessities. I don't wanna be going out on extravagant

00:28:07.739 --> 00:28:18.690 
Tommy Salerno: things, you know, going out for for dinner every weekend, or going out to the club, or, you know, doing all these things are going on vacation just to save that, save that money because

00:28:19.090 --> 00:28:21.800 
Tommy Salerno: because, you know, you don't know. You know you don't know.

00:28:22.219 --> 00:28:27.778 
Tommy Salerno: You know you could always lose your job, you know. Things can take a turn for the worst. And you guys be prepared.

00:28:28.769 --> 00:28:29.550 
Danny Camozzo: Yeah.

00:28:30.969 --> 00:28:34.898 
Colby Warshel: I've lived in a poor town my whole life, so nothing's changed here.

00:28:36.150 --> 00:28:39.568 
Colby Warshel: Everyone's been poor when we were in full market. And they're still poor.

00:28:40.949 --> 00:28:41.920 
Danny Camozzo: Yeah.

00:28:42.210 --> 00:28:49.710 
Danny Camozzo: even with inflation slowing. It's still it's still positive inflation. So things are still increasing in cost.

00:28:50.539 --> 00:28:55.778 
Colby Warshel: Not that Joe Biden, though, Joe Biden? He says inflation's 0% month over month.

00:28:56.239 --> 00:29:06.119 
Colby Warshel: Is that what he recently said? I didn't see that one. He tweets that basically every month when the Cpi number comes out, inflation is 0. It's like what the fuck are you doing.

00:29:06.170 --> 00:29:11.039 
Colby Warshel: hey? Literally tweets that it probably means growth, inflation growth.

00:29:11.789 --> 00:29:18.980 
Colby Warshel: Well, that is what he means. But you can't say inflation is 0%. You gotta say the change month over month is 0.

00:29:19.210 --> 00:29:23.059 
Colby Warshel: It's still 7 fucking percent, though. And that's the fake fed number

00:29:23.219 --> 00:29:26.210 
Colby Warshel: basically double that. And that's the real inflation.

00:29:26.730 --> 00:29:28.539 
Danny Camozzo: You mean in terms of like, what

00:29:28.690 --> 00:29:32.280 
Danny Camozzo: businesses that kind of stuff have started charging

00:29:32.840 --> 00:29:43.909 
Colby Warshel: just everything. I mean the fed. They they omit the top and bottom 10% of all inflation data. So it just skews the the true number to adhere to their little

00:29:44.300 --> 00:29:48.398 
Colby Warshel: 2% goal. which is ridiculous. But

00:29:49.239 --> 00:29:56.730 
Colby Warshel: I don't know. Basically shut the fuck up by this bye. that's the answer. Always. Just never ending.

00:29:56.780 --> 00:30:00.889 
Alexander Winkler: Colby. Were you focused on the jolt job openings report today at all?

00:30:01.159 --> 00:30:02.579 
Colby Warshel: I've

00:30:03.739 --> 00:30:11.650 
Colby Warshel: I mean I watched it, obviously. But I don't. I don't try to make an analysis of it, because anytime I ask why, I'm usually just

00:30:11.679 --> 00:30:16.639 
Colby Warshel: gonna spend a lot of time figuring out a reason to take a trade. And then

00:30:16.650 --> 00:30:18.409 
Colby Warshel: I'm wrong, anyway. So

00:30:19.150 --> 00:30:23.460 
Colby Warshel: it's better to just see the data. See how the market reacts and then just trade it.

00:30:23.969 --> 00:30:24.929 
Alexander Winkler: Yeah.

00:30:25.059 --> 00:30:33.248 
Danny Camozzo: I had a really nice position on Tq. A couple of weeks ago that I sold the day before Cpi.

00:30:34.019 --> 00:30:45.648 
Danny Camozzo: because I wasn't sure which way it was gonna go, and we were already sort of in a Bull Run and Tqs is up $3 a share since I had that position. Unfortunately.

00:30:45.909 --> 00:30:46.710 
Colby Warshel: yeah.

00:30:47.550 --> 00:30:54.610 
Alexander Winkler: I did something similar on snow. I was, I own, snow, and I had a really nice chunk of that move it had.

00:30:54.769 --> 00:31:09.688 
Alexander Winkler: and it was like before earnings the day before earnings. And I'm like, I'm not holding into earnings through that. And it did have like another 10% pop. But I already had a nice chunk of that move. II don't regret it. I don't really like holding into the earnings. I feel like it's a little bit of a coin toss.

00:31:11.030 --> 00:31:14.469 
Alexander Winkler: But yeah, little bit of similar situation. Scenario.

00:31:15.630 --> 00:31:18.619 
Colby Warshel: I've actually been accumulating paypal.

00:31:19.389 --> 00:31:25.670 
Alexander Winkler: That's one thing I want to. Huh! It's so low. And it's actually finding a bottom. What's what's your thoughts on it?

00:31:26.369 --> 00:31:48.809 
Colby Warshel: I mean to be fair. The only reason I bought it is because I saw way smarter people than me give like really good analysis on Twitter, like the Short Bear, was talking about how Fintech is kind of the only thing left. In terms of market correction like it has not moved at all. It's completely sitting at the lows. Every other sector in the entire market has ripped hundreds of percent

00:31:48.820 --> 00:31:55.869 
Colby Warshel: and Paypal, their order flow hasn't changed much. Really, it's not like they're down

00:31:56.389 --> 00:32:01.059 
Colby Warshel: 70% from their revenue. At least, so

00:32:01.960 --> 00:32:08.778 
Colby Warshel: I don't know. Just saw someone smart talking about it, and I was like, well, if II have some money, my Ira might as well just start buying some something.

00:32:09.150 --> 00:32:13.900 
Colby Warshel: because I've been sitting on the sidelines for the whole year while the market just rips.

00:32:13.960 --> 00:32:15.050 
Alexander Winkler: That's true.

00:32:15.239 --> 00:32:18.259 
Alexander Winkler: It seems to really consistent as well

00:32:18.820 --> 00:32:28.099 
Alexander Winkler: like, you know there's so many apps like Venio or the new thing with the banks in the Us. What's it called?

00:32:29.269 --> 00:32:30.199 
Alexander Winkler: What was it?

00:32:30.409 --> 00:32:56.280 
Alexander Winkler: Yeah, Zell? But it it seems like at the end of the day people still use Paypal like crazy even in Europe, which really blows my mind, because in Europe you could always transfer with banks directly in almost instantly. I never understood why people even use Paypal here, but it's it's still seems. You know, it has its user base. It's a bit like Facebook, where it's like, everyone has a Facebook account. So it's like reliable source of communication.

00:32:56.489 --> 00:32:58.579 
Colby Warshel: They own venmo as well. I think.

00:32:58.920 --> 00:32:59.869 
Alexander Winkler: Aya.

00:33:00.119 --> 00:33:13.389 
Colby Warshel: I think they own them, though. But people are selling it because they were saying that the government's payment system is going to take over. Do you get. Yeah, what was that? I don't really know exactly what that meant. But it was like business to business

00:33:14.119 --> 00:33:18.699 
Colby Warshel: transactions. It wasn't like normal consumer transactions.

00:33:19.909 --> 00:33:30.469 
Colby Warshel: So people are selling it off for a while now, because the Government came out with, like their own payment processing system. But it's been out for months now the government wanted, and nothing's changed with Paypal. So I don't know.

00:33:32.289 --> 00:33:40.268 
Alexander Winkler: Yeah, I actually haven't heard much more about that program. I actually forgot right now, what it's called is like us transfer some like really generic name.

00:33:40.400 --> 00:33:56.369 
Alexander Winkler: I'll have to look it up, but it would. That's actually important thing to look up, and I was, I was thinking, as well. This is like a paypal killer, but well, I mean, if you look at the stock price it it looks like it's, you know, been, yeah. I've been feel pretty good, but

00:33:56.679 --> 00:34:01.208 
Alexander Winkler: I don't. I don't know if it's the worst buy either. At this point I mean.

00:34:02.030 --> 00:34:13.998 
Colby Warshel: the short bear. Dude was saying that he probably sees it ending up like somewhere in the middle of where the sell off was. So if it ended up at even whatever 150 which would be way below the middle.

00:34:14.769 --> 00:34:16.030 
Colby Warshel: Actually, not really

00:34:16.389 --> 00:34:19.668 
Colby Warshel: would be a basically a 3 x move back.

00:34:20.090 --> 00:34:25.079 
Colby Warshel: Yeah. so right now, it's a descending wedge, those typically break to the upside.

00:34:25.199 --> 00:34:27.389 
Alexander Winkler: you know. Who knows we? We could see it.

00:34:28.019 --> 00:34:33.530 
Colby Warshel: Yeah, I'm just looking for flushes. So what are you guys thinking about?

00:34:33.570 --> 00:34:35.188 
Danny Camozzo: State of the market

00:34:35.619 --> 00:34:37.570 
Danny Camozzo: current?

00:34:37.699 --> 00:34:42.170 
Danny Camozzo: current moves trends next 2 weeks or so?

00:34:45.639 --> 00:34:50.228 
Colby Warshel: For me. I've noticed that.

00:34:51.269 --> 00:35:17.418 
Colby Warshel: So my strategy is not working well for the last month, and well, not the last month less like 2 weeks, and I've been noticing that pretty much every day that the Nasdaq is up, the dow and the rustle are down, and then the es just kinda is pissing around, just chopping everywhere. And the way that that means that it's a rotational market, and the rotational market is very hard to trade, because, first of all, I'm using like volume weights.

00:35:17.440 --> 00:35:42.760 
Colby Warshel: the advance, the client line tick. And all this data to try to see what's going on inside of the market. And it's basically faking me out every single day because the market is just rotating. They're just selling Nvidia, buying Russell next day. They're selling Russell, buying Nvidia, and it's just like the market is going absolutely fucking nowhere except for straight to the straight to the right, just going up, breaking out of previous day. Hi, massive flush

00:35:42.760 --> 00:36:02.119 
Colby Warshel: break previous day, low, massive Rip, and it's just everyday. Fake out long. Fake out shorts, fake out long. So I'm trying to like stay hands off as much as possible. If my system is not saying to trade. I'm just trying to just not even look at the market, because it's so tempting to just try to short every single rip, because even at the even the spy today, if you look at it

00:36:02.190 --> 00:36:02.980 
Colby Warshel: it

00:36:03.030 --> 00:36:06.579 
Colby Warshel: the jolts number came out, ripped like 20 points.

00:36:06.809 --> 00:36:17.900 
Colby Warshel: fucked around for an hour broke out again, and it just dropped like 25 points out of nowhere like no, there's no reason for that to to for that to drop. It's just random, so

00:36:18.230 --> 00:36:19.298 
Colby Warshel: don't trade it.

00:36:19.510 --> 00:36:25.639 
Colby Warshel: And Mark, and it's like, I think, that that's kind of common in an extended bull run where

00:36:26.280 --> 00:36:55.070 
Colby Warshel: shorts are still trying to short, they think we're still gonna have the fucking great depression or some bullshit. So they short everything, and then the second it breaks previous day, low, though, by the dip dudes, who are sad that they weren't in here for the last 10% move. And the spy they're buying the shit out of it. Rip the shorts out short. Stop out at high of day. Long's don't want to buy it high of day, because it's an extended Bull Run. So the shorts pile back in. And it's just this rotational movement every single day forever. So

00:36:55.320 --> 00:36:57.259 
Colby Warshel: can't wait for that shit to end.

00:36:57.750 --> 00:37:04.998 
Danny Camozzo: It does seem like, there's a lot of doom saying. And I'm looking forward to the market kind of just picking

00:37:05.119 --> 00:37:14.369 
Danny Camozzo: which way it wants to go solidly, cause yeah, it's it's grinding higher, but hasn't really made a convincing move yet.

00:37:14.909 --> 00:37:15.679 
Colby Warshel: Yeah.

00:37:20.579 --> 00:37:29.219 
Colby Warshel: yeah, even like, oh, 8 and O, 9. The market looks like this is just as much, and these big rallies they can get easily flushed right back down doesn't matter at all.

00:37:29.360 --> 00:37:35.559 
Colby Warshel: I don't know, I think any. If you're even looking out more than like 30 min. Just stop.

00:37:35.900 --> 00:37:43.619 
Colby Warshel: Don't try to predict more than 30 min out, because you're going to be wrong, and the default should forever always be

00:37:43.650 --> 00:37:47.148 
Colby Warshel: 70%. This is the fact of reality. This is

00:37:48.289 --> 00:37:56.139 
Colby Warshel: tested data. 70% of every day in the history of the fucking stock market is a green day. So if you want to have a bias.

00:37:56.150 --> 00:38:00.639 
Colby Warshel: better not be short, because you're already fucking yourself doing that. So

00:38:00.940 --> 00:38:14.889 
Danny Camozzo: I think that selective bias on shorts that have run like vvos. Last week after day one would have been a good short stuff like that. That's really specific. But in general the market is designed to go up.

00:38:15.409 --> 00:38:16.070 
Yep.

00:38:16.429 --> 00:38:21.409 
Alexander Winkler: yeah, it grinds up and has that quick elevator down right stairs, up elevator.

00:38:21.650 --> 00:38:23.519 
Alexander Winkler: But

00:38:23.619 --> 00:38:27.000 
Danny Camozzo: I've been watching some Stephen ducks lately, and

00:38:27.079 --> 00:38:36.480 
Danny Camozzo: him and other smart shorts they never short something going parabolic. On day one. They'll wait for day, 2 day to day, 3 to see

00:38:36.539 --> 00:38:44.769 
Danny Camozzo: a sell off, or a long period of consolidation into the first red move, and then they can go big with a solid risk level.

00:38:46.070 --> 00:38:47.900 
Colby Warshel: She watched his humble trader

00:38:48.619 --> 00:39:01.179 
Danny Camozzo: interview. Yeah, I've watched. I've watched about half of it. I have him and Lance Brightstein the both of those interviews. I have them loaded up in tabs on Youtube. I've been getting through for like the last week and a half.

00:39:01.280 --> 00:39:12.260 
Colby Warshel: Yeah, it's just they're they're just long interviews through Dux's processes. So cool. It's wild. But like it's, it's smart and informative.

00:39:12.409 --> 00:39:18.398 
Danny Camozzo: And I think, as a long as a long biased traitor. Personally, it's really important to know where

00:39:18.500 --> 00:39:22.829 
Colby Warshel: those types of people are going to be taking their positions.

00:39:22.869 --> 00:39:30.590 
Colby Warshel: What was the one thing he was saying is something like the average. Any ticker so has to be below 300 million market cap ticker

00:39:30.619 --> 00:39:41.820 
Colby Warshel: or he's completely not even looking at it. And then it has to hit a certain amount of dollar volume. I forget what his number was, but once it hits a certain amount.

00:39:42.239 --> 00:39:45.760 
Danny Camozzo: I think that he's looking for it to rotate its market cap.

00:39:46.420 --> 00:39:47.500 
Colby Warshel: Yes, yeah.

00:39:47.860 --> 00:39:58.248 
Colby Warshel: And it can do that like one. So he has a number calculated for how often that can occur, and then he bases everything off of statistics. And I. The thing that I thought was super cool is how he was like.

00:39:58.570 --> 00:40:18.849 
Colby Warshel: if I ever get within 80% accuracy of my strategy, I'm quitting trading, and I was like what cause he's like. Well, I made like 16 million, or whatever he made 12 or 16 million last year, and that was only 20% of his strategy. If he actually traded every single waking second of his strategy, he would have made 100 million

00:40:19.769 --> 00:40:21.849 
Colby Warshel: that year. It's fucking insane.

00:40:23.489 --> 00:40:26.028 
Alexander Winkler: It is really insane. That's nice.

00:40:26.179 --> 00:40:31.568 
Alexander Winkler: I'd love to get that calculation, even though he's short biased, though it's good to see somebody

00:40:32.099 --> 00:40:37.349 
Danny Camozzo: with a real system and making a lot of money as a retail trader.

00:40:37.980 --> 00:40:38.750 
Colby Warshel: Yeah.

00:40:39.750 --> 00:40:48.449 
Colby Warshel: yeah, if you like to get to that level, you gotta be doing some weird. super complicated statistics because it's no longer a game of

00:40:50.429 --> 00:40:52.768 
Colby Warshel: like competition. It's more of like

00:40:54.039 --> 00:40:55.079 
Colby Warshel: I don't know.

00:40:55.690 --> 00:40:57.599 
Colby Warshel: Seems like most people.

00:40:58.400 --> 00:41:01.219 
Danny Camozzo: the interesting thing for him and how he trades is.

00:41:01.559 --> 00:41:13.230 
Danny Camozzo: you know, we have our momentum scanners and all of that, and they put the stocks in front of us. That might be good, but we have no idea how high it's gonna go. He gets to see instantly when something goes parabolic.

00:41:13.269 --> 00:41:20.329 
Danny Camozzo: He knows what the potential downside is, whereas on the long side we don't really know what the potential upside is.

00:41:21.519 --> 00:41:30.289 
Alexander Winkler: Yeah, the way is, typically, I'll just look for that. Those price levels. But you don't know how many. It's just gonna rip through right?

00:41:31.099 --> 00:41:41.719 
Alexander Winkler: But yeah, there's there's a few ways to kind of estimate. Okay, nice low float has a catalyst. It's above the 180 sma, the daily actually looks somewhat digestible.

00:41:41.849 --> 00:41:48.449 
Alexander Winkler: right? And all those things help. But yeah, it's it's a little bit different, because you're not. You're not. Yeah.

00:41:49.050 --> 00:42:09.548 
Colby Warshel: yeah. It seems like to get there. It's almost like cause. Most of the stuff that we're all doing is still like partially discretionary, like even me. I try to be more systematic, but I still have to use discretion all the time like, how am I less likely to go long?

00:42:11.789 --> 00:42:14.248 
Danny Camozzo: Who? Who? Who just groaned, was that Tom?

00:42:14.920 --> 00:42:16.690 
Tommy Salerno: Yeah. Cm, and d.

00:42:16.960 --> 00:42:18.989 
Danny Camozzo: yeah, I'm long from 604.

00:42:19.579 --> 00:42:22.260 
Tommy Salerno: Nice. Gotta wait for a pullback here.

00:42:22.360 --> 00:42:25.820 
Colby Warshel: Sorry, Colby. Looks like.

00:42:26.190 --> 00:42:28.358 
Alexander Winkler: But yeah, I feel, you man below. Voab.

00:42:28.619 --> 00:42:32.530 
Alexander Winkler: I'm I'm the same way. I've been taking too many big losses below. If you want.

00:42:35.219 --> 00:42:41.219 
Colby Warshel: Yeah, I wonder if you could calculate dollar volume on these tickers to see whenever it's less likely to go long

00:42:41.480 --> 00:42:45.590 
Colby Warshel: to be strong or something like that, just use stuff. But inverse.

00:42:45.780 --> 00:42:57.349 
Danny Camozzo: Right? That's why I've been watching it. It's super interesting and well informed and scientific and data driven. And so stuff like that. I feel like, I can actually get something out of.

00:42:57.519 --> 00:43:05.389 
Danny Camozzo: Yeah, whereas the stuff like there's a lot of traders out there who are good traders, but they trade mostly off of like trends and

00:43:05.659 --> 00:43:17.679 
Danny Camozzo: price action and stuff like that that's not able to be transferred over to something else as well as did it. Trade its market cap. What's the percentages that kind of stuff?

00:43:17.699 --> 00:43:19.168 
Alexander Winkler: I feel the same way.

00:43:20.019 --> 00:43:29.259 
Alexander Winkler: I was trying to apply some that to our style of trading, and it's fundamentally a little bit different. I mean, we do look for a lot of similar things. Right? The volume

00:43:29.380 --> 00:43:40.739 
Alexander Winkler: II you know how many times volume is being traded things like that. I mean, that's a really nice channel. Oftentimes, if I if we're trading a ticker, and I see like really low volume, even though it it's moving.

00:43:40.800 --> 00:43:44.719 
Alexander Winkler: I typically leave it alone because I'm gonna expect a lot of false breakouts.

00:43:45.119 --> 00:43:49.809 
Alexander Winkler: So take her like, you know, this is actually a pretty nice size volume today.

00:43:49.940 --> 00:43:52.259 
Alexander Winkler: Not sure why this had so much volume.

00:43:52.559 --> 00:43:53.568 
Alexander Winkler: but I guess.

00:43:53.730 --> 00:43:56.019 
Alexander Winkler: offering yeah, it'd be hard.

00:43:56.730 --> 00:44:11.170 
Colby Warshel: It'd be hard to do it from a dollar volume perspective, because all the tickers you're trading start with basically $0 volume, whereas all the tickers that he's not, he's not even looking at a ticker until it's like doing one rotation a market cap in terms of dollar volume.

00:44:11.170 --> 00:44:27.588 
Colby Warshel: So it's kinda like, nothing's even scanning until he's there, whereas you guys, you gotta have it on the scanner when it's up 5 already. You gotta be ready. It'd be almost be easier if you if you calculated the average dollar all you was put into every ticker on like throughout the year. And let's say it's

00:44:28.000 --> 00:44:38.869 
Colby Warshel: whatever 25 million. And then you could say, Well, once this hits 25 million, it's probably likely to die out or fizzle out. So I need to get in before we get to that level.

00:44:39.199 --> 00:44:42.630 
Colby Warshel: I don't know that'd be much different than shorting. That's for sure.

00:44:42.809 --> 00:44:57.039 
Danny Camozzo: yeah, I, really like how he like, we were just talking about earlier, if it has lower than or or higher than 300 million market cap. Right? That's that's what it is. He just won't touch it.

00:44:57.119 --> 00:44:58.409 
Danny Camozzo: I really like

00:44:58.539 --> 00:45:03.440 
Danny Camozzo: that kind of thought process cause. That's what I need to do. A little bit more is just.

00:45:03.829 --> 00:45:20.239 
Danny Camozzo: I know the stocks that I trade really well, and it can be pretty easy to get caught up in a bad move that you just know you shouldn't be touching. So it's it's way easier to make bad decisions over and over. Once you break the ice just once with one bad trade.

00:45:22.059 --> 00:45:24.739 
Alexander Winkler: I totally so true. Yeah.

00:45:25.429 --> 00:45:28.800 
Colby Warshel: one bad mistake can just be so awful.

00:45:28.880 --> 00:45:36.039 
Alexander Winkler: Yeah, I even felt myself. Today, I was, I was like. I wanted to keep my it us, open and I was like

00:45:36.110 --> 00:45:55.509 
Alexander Winkler: this is exactly yeah, this is exactly where I started trading stupid stuff. So I closed it. I was like, Okay, that's good. But like you do it one day, then the next day you do it, and then on date number 3, you have a big loss because you kind of broke that rule of, you know. Don't stare at in a crappy market because you will trade something at 1 point.

00:45:55.619 --> 00:45:59.059 
Alexander Winkler: So yeah, I think better. Just to get out. Yeah.

00:45:59.070 --> 00:46:14.929 
Danny Camozzo: that was me yesterday with SSNT. I'm down 4,000 on SSNT. Yesterday, and I'm like coming into the market open. I had even typed into chat. I was like, I don't think this looks good. It's done pretty much. A full round trip from a ties

00:46:15.599 --> 00:46:24.079 
Danny Camozzo: going into open. I was already kind of bearish on it, and then, you know, next thing you know, it's just one of those tickers that you're really big. Read on. Yeah.

00:46:25.409 --> 00:46:47.239 
Alexander Winkler: wow, yeah, I can't tell you how many times that that's happened to me where I ride in the discourse. I'm like this market scrap better to log off 15 min. Well, it's so much easier.

00:46:47.340 --> 00:46:51.849 
Danny Camozzo: It's so much easier just to not get involved. In the first place.

00:46:52.510 --> 00:47:02.099 
Danny Camozzo: James, Clear talks about that in atomic habits, where basically, it's way easier to control your environment than your behavior in the wrong environment.

00:47:03.230 --> 00:47:09.210 
Danny Camozzo: Like, if you don't want to eat the oreos, then just don't buy them. Don't have them in your house.

00:47:09.639 --> 00:47:12.739 
Colby Warshel: That is such a good point. And

00:47:12.809 --> 00:47:28.460 
Alexander Winkler: yeah, Tom, you were, you were saying like, Alex. Can't you just leave to us open and not trade. I was like, yeah, sometimes I can. But you know there's so where I do something really stupid, and it's like overall. I believe I've pretty good discipline.

00:47:28.460 --> 00:47:43.769 
Alexander Winkler: But man, like when I see a a taker pop. And I'm like, Okay, this is the one you know. I jump in it. But then I'm like after I traded, and I'm down 500. I'm like, wait a second. No volume. It was a 20 pop or no news. I was like, what was I doing? You know, that was like a total board trade?

00:47:43.960 --> 00:47:56.108 
Alexander Winkler: and yeah, sometimes you just get impulsive when when nothing happens for an hour and a half, and you have the charge on the screen, and then you're just thinking, or you're not thinking. And then you're like, Oh, I gotta jump in on this one. It's like, No, you don't.

00:47:56.559 --> 00:47:59.559 
Alexander Winkler: Yeah, right? That is such a good point.

00:48:00.380 --> 00:48:02.280 
Colby Warshel: I've been talking to this one guy that

00:48:02.480 --> 00:48:04.920 
Colby Warshel: has made a couple 1 million trading

00:48:05.039 --> 00:48:21.509 
Colby Warshel: And he, he's been training for like 15 years. And he is all about like mindset and just trying to master psychology because he actually thinks that psychology is pretty much everything in trading. Once you have a strategy, and once you know what you're doing, at least. And

00:48:21.670 --> 00:48:28.829 
Colby Warshel: this is really interesting. The other day he sent a message to everybody, and he was like, Hey, I'm not trading today.

00:48:29.010 --> 00:48:41.119 
Colby Warshel: The only reason I'm not trading is because I was really excited to make money today. And he's like, I'm not gonna trade because I was excited to make money. And I'm gonna trade in the SIM, but

00:48:41.809 --> 00:48:50.760 
Colby Warshel: not gonna do anything. And I was like, Wow, that's a fucking weird. I've never thought of that, because every single day I go to the market I'm super excited to try to make money every fucking day.

00:48:50.989 --> 00:48:54.440 
Colby Warshel: and then that's the reason why I take trades that I shouldn't take

00:48:54.469 --> 00:48:59.800 
Colby Warshel: cause. I just want to fucking. Make money, and it's like such a simple idea. But

00:49:00.429 --> 00:49:08.429 
Danny Camozzo: I I'm pretty mindful about that, too. I think that if you come into the market super ready and hot and excited to trade.

00:49:08.610 --> 00:49:10.949 
Danny Camozzo: That's pretty dangerous.

00:49:13.690 --> 00:49:16.980 
Danny Camozzo: It's just as dangerous as being in a bad mind set, I think

00:49:17.179 --> 00:49:21.769 
Danny Camozzo: every day you just have to come in at 0. No expectations.

00:49:23.960 --> 00:49:30.048 
Colby Warshel: Yeah. I think it's safe to assume as well that if you're going into the market not being 0,

00:49:30.179 --> 00:49:43.940 
Colby Warshel: let's say, you're like, really excited or really not feeling good. There's a pretty damn good chance that's not gonna be your best day ever. I guarantee you actually that it won't be your best day ever. And there's actually much higher chance that probably gonna be a bad day. So

00:49:45.150 --> 00:49:49.378 
Danny Camozzo: yeah, not to say you shouldn't be in a good mood.

00:49:49.909 --> 00:49:52.610 
Colby Warshel: Yeah, you should be in a good mood, is helpful, but

00:49:53.159 --> 00:50:06.099 
Alexander Winkler: just just the right amount of good mood, you know, like E, even if you drink too much coffee, it's probably too much of a good mood, too optimistic, unless it's like a really hot market. Then coffee might actually be beneficial.

00:50:06.699 --> 00:50:14.798 
Colby Warshel: Yeah, if you can just make mistakes left and right and still make money, then fucking cause you'll be making more mistakes. You'll be more watching. Cmd here.

00:50:14.980 --> 00:50:19.318 
Alexander Winkler: Yeah, I see it on my 5 min chart. It's it is tempting. Huh?

00:50:19.639 --> 00:50:21.108 
Danny Camozzo: Don't do that to me.

00:50:21.530 --> 00:50:23.398 
I'm long at 26.

00:50:25.889 --> 00:50:27.809 
Alexander Winkler: There it is in the bottom right corner.

00:50:31.480 --> 00:50:33.800 
Danny Camozzo: Give me a bounce. Come on

00:50:35.599 --> 00:50:36.489 
Danny Camozzo: where?

00:50:38.469 --> 00:50:42.019 
Alexander Winkler: Get back? 300 off the top. Not too bad. It's

00:50:42.610 --> 00:50:45.708 
Danny Camozzo: been a slow day. Slow, tough day.

00:50:45.849 --> 00:50:46.789 
Alexander Winkler: Yeah.

00:50:47.469 --> 00:50:54.059 
Alexander Winkler: I'm wondering if the jolts kind of messed up the the flow today. Usually Tuesdays. Aren't this depressing?

00:50:56.699 --> 00:50:57.579 
Sure

00:50:57.739 --> 00:50:59.869 
Colby Warshel: markets just rotating, man

00:51:00.710 --> 00:51:05.858 
Colby Warshel: straight, or just buy the pre market. Low breaks and short. The pre market high breaks.

00:51:07.059 --> 00:51:08.539 
Colby Warshel: Just do that forever.

00:51:08.670 --> 00:51:14.030 
Alexander Winkler: Yeah, alright. It's some classic range trading. I love that.

00:51:14.099 --> 00:51:16.119 
Alexander Winkler: Alright. Any of you guys using bookmap

00:51:16.159 --> 00:51:18.568 
Alexander Winkler: stone Whistle is wondering

00:51:19.030 --> 00:51:33.190 
Colby Warshel: I used it for a little it was on to. I thought they took it off to us. But then Toby came and showed that it was still on to us. But yeah, I've tried it. It's tricky and a little odd, because.

00:51:33.280 --> 00:51:39.289 
Colby Warshel: like, Toby said, if you're using it, you're still not actually getting all of the data. So

00:51:40.400 --> 00:51:43.858 
Colby Warshel: I was even listening to a guy talk about tape the other day, and he was like

00:51:43.960 --> 00:51:53.889 
Colby Warshel: people say they read the tape. Do you fucking realize, at least for futures, how many transactions are going through the tape and every millisecond. It's a thousand per second

00:51:54.570 --> 00:51:55.530 
Colby Warshel: quotes.

00:51:55.750 --> 00:52:13.570 
Colby Warshel: So changes in the quote of price of futures is happening 1,000 times per second, and he was like, if you think you're seeing that with your fucking eyes, you're an idiot because that's impossible. So you need a software or something that can like paint that on the chart. And that's the inception of bookmap. So yeah.

00:52:13.969 --> 00:52:20.539 
Colby Warshel: I think it's an interesting idea. But the way you use it matters probably a lot. And it's much more visual.

00:52:20.840 --> 00:52:21.650 
Colby Warshel: Yeah.

00:52:22.139 --> 00:52:23.699 
Colby Warshel: it's nice. II think

00:52:24.000 --> 00:52:34.389 
Colby Warshel: I was. Gonna say, pretty much. If you have anything in any trading scenario whatsoever that's going to make you trade less. It's a good thing

00:52:34.489 --> 00:52:49.389 
Colby Warshel: always like if there's something they can show you. Oh, there's no liquidity on the sticker until a dollar gets dropped out of the price. That's gonna be probably a good thing, because if you don't see that you're gonna try to dip by it, and then you're gonna get shit on. And then, yeah.

00:52:50.980 --> 00:52:56.858 
Danny Camozzo: yeah, I think that's a good point. Anything that helps keep you out of bad trades is worth a lot.

00:52:57.550 --> 00:52:58.219 
Colby Warshel: Yep.

00:52:59.590 --> 00:53:11.688 
Alexander Winkler: Yeah. Toby talked about bookmark on the last pod, and he's trying it out. I'm I'm kind of under the philosophy of like everything I see in the markets and order flow is like

00:53:11.750 --> 00:53:19.070 
Alexander Winkler: probably just trying to mess with my mind. And it's it's being raked in some way. So I don't use things like bookmap.

00:53:19.159 --> 00:53:34.818 
Alexander Winkler: I'm sure it can be helpful if you really master it, but it's like any indicator you have to stick with it for like a few years, and really understand it better than anyone else before I think you make money off of it. Otherwise everyone would just use it overnight, and it'd be super easy.

00:53:34.969 --> 00:53:43.039 
Alexander Winkler: So yeah, for me, the less indicators, typically the better. I typically don't even over focus on the

00:53:43.099 --> 00:53:50.429 
Alexander Winkler: the level 2, unless, like, there's a few things in a consistent market that you'll see, you know, like

00:53:50.449 --> 00:53:52.789 
Alexander Winkler: I don't know the the bit getting chipped at

00:53:53.369 --> 00:54:07.750 
Alexander Winkler: it breaks through. But then, in with low volume. Then instantly the orders come back, or the big Come, the ask comes back, and it's just like, Okay, that was really, really sketchy light. I'm not gonna trust that breakout. I mean, there's like some small patterns you'll see again and again.

00:54:07.809 --> 00:54:17.739 
Alexander Winkler: But II do like the classic chart patterns and just kind of understanding the general trend and the theme and the mindset of the market. I feel like that to me, is the most powerful

00:54:18.840 --> 00:54:26.650 
Alexander Winkler: as opposed to to like, really, really specific things, because there's so much spoofing and other weird things going on. Yeah.

00:54:26.820 --> 00:54:35.110 
Danny Camozzo: yeah, I think chart pattern and volume are the 2 most important things those are. You can't fake either of them.

00:54:35.449 --> 00:54:44.659 
Alexander Winkler: Price and volume everything. Everything is just a derivative of price and volume.

00:54:45.559 --> 00:54:50.168 
Colby Warshel: Yeah, that's funny. To think about. Every single indicator that was ever created is

00:54:50.320 --> 00:54:55.989 
Colby Warshel: a different version to look at either volume price or time.

00:54:56.210 --> 00:55:08.199 
Alexander Winkler: Yeah, yeah. So if you could just read. You know the price and the volume. I think I think it goes a long way. That's why those those really simple books like chart candle books.

00:55:08.329 --> 00:55:31.719 
Alexander Winkler: I would I would reread them. I've read the the one of them, the Shark Candle Bible, or something like 6 times, and it's not like you have to study every single page, but just constantly refreshing. It's like, yeah, okay. Shooting Star. You know the classic, you know, 80% of the time. That means, you know, it's a reversal. So just kind of understanding. So you have, like a sixth sense intuition. When you see a chart, you're like Matt's a little bit bearish right now.

00:55:31.929 --> 00:55:40.340 
Alexander Winkler: when somebody else would maybe just look at and be like, Oh, it's above the Wap, you know. It's going up. It's like, yeah

00:55:40.920 --> 00:55:42.750 
Alexander Winkler: comes with time to like.

00:55:43.000 --> 00:55:53.099 
Alexander Winkler: people don't even have to know what these names are. And I think if you didn't even study it, you'd probably eventually get the feeling for it. But you might as well save you yourself a few years. Bye.

00:55:53.139 --> 00:55:54.269 
Colby Warshel: Yeah, true

00:55:54.539 --> 00:55:55.639 
Alexander Winkler: learning it

00:55:57.559 --> 00:56:06.429 
Alexander Winkler: any any thoughts going forward. I just realized the time any plan. I mean, we just kind of talk a little bit about it. But anyone want to give their quick kind of game plan going forward.

00:56:07.690 --> 00:56:09.940 
Tommy Salerno: Cmd, here?

00:56:10.349 --> 00:56:14.619 
Alexander Winkler: Oh, yeah, it's back. Everyone's game plan, cnnd

00:56:14.889 --> 00:56:16.429 
Tommy Salerno: break of 40, maybe.

00:56:16.960 --> 00:56:26.159 
Colby Warshel: I don't really have a game plan. But I do have a little thing of advice. If you are not profitable trading and you go to the market wanting money.

00:56:26.630 --> 00:56:37.159 
Colby Warshel: stop trading, get a job make money outside of the market. It's never gonna work until you make money outside of the market. That's just a fact of nature. I fought that for so many years now.

00:56:37.380 --> 00:56:39.210 
Colby Warshel: but I finally am like

00:56:39.360 --> 00:56:51.469 
Colby Warshel: ready to just be like fuck it. I need to make money outside of the market, or I'm going to just never be profitable anyway. So I know there's fucking people that are gonna hear that shit. And they're gonna be like, oh, not me. No, it's you

00:56:51.969 --> 00:56:54.690 
Colby Warshel: fucking. Yeah, it's everybody. You're not better than

00:56:55.000 --> 00:56:58.148 
Danny Camozzo: yeah, realistically, you know

00:56:58.610 --> 00:57:04.170 
Colby Warshel: the amount of times I've heard people say that. And I just was like, no, I'm fine. I'll do it didn't.

00:57:04.400 --> 00:57:06.099 
Colby Warshel: Hundreds times.

00:57:06.170 --> 00:57:34.798 
Alexander Winkler: They'll make you trade better when you don't have to. When you don't need the money. If you need the money abysmal. Yeah, severely diminished. Yeah, yeah, direct correlation with how much you need the money.

00:57:34.820 --> 00:57:39.719 
Danny Camozzo: I didn't let anything ruin my day like I did yesterday. So

00:57:39.809 --> 00:57:52.150 
Danny Camozzo: I know that I can make a lot really quickly on the right moves, and all I have to do realistically is just wait for those moves. And

00:57:52.659 --> 00:57:54.190 
Danny Camozzo: yeah, that's pretty much it

00:57:56.780 --> 00:58:01.559 
Tommy Salerno: with me. Just kind of the same thing. Kind of waiting for the setup to come to me. Not kind of

00:58:01.579 --> 00:58:11.778 
Tommy Salerno: trying to force the dip, trying to force the breakout. Sometimes the dip wants to dip a little more, and then you just we're gonna be selling

00:58:12.340 --> 00:58:17.070 
Tommy Salerno: when you should be buying the dip, because that's happened to me today on C. Mnd.

00:58:17.309 --> 00:58:23.148 
Tommy Salerno: Trying to buy the dip just couple seconds too early, and then it dumps another 10 cents.

00:58:23.210 --> 00:58:29.449 
Tommy Salerno: and that's where I should be buying. But instead, I'm selling, and that completely screws up my psychology.

00:58:30.130 --> 00:58:42.739 
Tommy Salerno: and now I'm now it bounces. And now I'm trying to chase it again after it's already done. It's bounce and then taking over 10 cent loss. That's really what happened with me today on Cmd. I'm actually gonna be ending red today.

00:58:43.500 --> 00:58:52.889 
Tommy Salerno: But small red day that can make back is is always responsible. You know, a successful red day is is key

00:58:53.199 --> 00:58:56.268 
Alexander Winkler: like that successful red day?

00:58:59.880 --> 00:59:01.818 
Danny Camozzo: Nothing wrong with a small red day?

00:59:01.889 --> 00:59:03.500 
Tommy Salerno: No, yes, so they're all

00:59:04.269 --> 00:59:25.128 
Colby Warshel: he asked. Do you trade between Christmas and New Year's? Or is it too slow? For the first time ever I took off during Thanksgiving, and it was fucking amazing. I looked back on the week, and I was like I would have lost that day. I would have lost that day. I would have lost that day. I would have lost that day, and I was like, well, thank God, I did not trade. So if you're ever thinking, should I go? Have fun

00:59:25.280 --> 00:59:36.539 
Colby Warshel: or trade? Guess what every other market participant is also asking that question, and the people that go have fun are making more money than the people that try to trade. And that's just a fact of nature. So

00:59:36.600 --> 00:59:49.208 
Colby Warshel: go have fun at Christmas, and do not try to touch anything, because there will be no volume, no one's trying to do it. You're gonna be fighting like 3 people, and the other 3 people are probably better than you, or have more money than you, so they'll win, so

00:59:49.619 --> 00:59:51.279 
Colby Warshel: just don't

00:59:51.529 --> 01:00:01.560 
Alexander Winkler: beacon facts. The the market's so inconsistent, too, around the holidays. I also took Wednesday, Thursday, and Friday off around Thanksgiving thanksgiving was Thursday, I believe.

01:00:01.630 --> 01:00:08.420 
Alexander Winkler: and II remember one year, I think, was like in 2,019. Maybe it was 2,020. I did not take

01:00:08.659 --> 01:00:19.238 
Alexander Winkler: the days leading up to Christmas off, and I just had one red day after another, and it was so frustrating because every day was so inconsistent that, like the price. Action was so different than the weeks leading up to it.

01:00:19.359 --> 01:00:39.560 
Alexander Winkler: And I think it's because a lot of participants are just mia, because they're enjoying their life like Colby was saying, so, yeah, II totally agree. And if what I do now and also it kills your Christmas because you're like the day before you might be at a Christmas party. You're like, Oh, I need to get home, because, you know, tomorrow I want to trade, or some some Bs when it's like dude. Live here, live the week up, man like

01:00:39.560 --> 01:00:50.699 
Alexander Winkler: you became a trader to do whatever you want in your life, so I always. I always tell myself that if I I'm ever in a crossroads of decisions like Wait, why did I do this to to begin with?

01:00:50.930 --> 01:00:52.060 
Alexander Winkler: And

01:00:52.119 --> 01:00:57.488 
Alexander Winkler: there's tons of weeks where there is nothing to do. And you know, that's when you want to trade.

01:00:57.810 --> 01:00:59.548 
Alexander Winkler: That's what everyone else is. As well.

01:01:00.329 --> 01:01:01.329 
Colby Warshel: Exactly.

01:01:02.260 --> 01:01:03.010 
Yeah.

01:01:03.689 --> 01:01:14.130 
Alexander Winkler: Yeah. I, for for my day plans going forward, I'm you know, doing what Danny and Tommy are doing for sure. Trade, basically trade less without a question. Wait for the steps to come to me.

01:01:14.600 --> 01:01:21.118 
Alexander Winkler: And like always try to rush it and close to us. Just close it.

01:01:21.329 --> 01:01:34.149 
Alexander Winkler: Just leave. Throw your computer out the window the next day, cause you'll probably be making more money. Did you? Did you talk about it a little bit?

01:01:35.479 --> 01:01:48.920 
Alexander Winkler: Yeah, I just said, get a job you're fucking broke bitches when you're a beginner. It's like, Oh, when

01:01:49.010 --> 01:01:52.930 
Tommy Salerno: when I was successful trader, you know, everything's gonna be great.

01:01:52.949 --> 01:01:57.059 
Tommy Salerno: And then, like 3 years, 4 years, 10 years down the line

01:01:57.279 --> 01:02:06.529 
Tommy Salerno: you're like, wait! Am I even a successful trader yet like I don't think that moments ever gonna come where you just feel like, oh, I'm a successful trader, and it's always just gonna be like.

01:02:06.640 --> 01:02:10.359 
Tommy Salerno: God damn! What the hell am I doing? What I

01:02:10.880 --> 01:02:16.479 
Danny Camozzo: there's success in terms of like. I'm making enough on trading to pay my bills. But

01:02:16.510 --> 01:02:23.368 
Danny Camozzo: every good trader that I know is almost always unhappy with how they're doing.

01:02:24.829 --> 01:02:30.560 
Danny Camozzo: not maybe not unhappy, but always seeing where they're going wrong.

01:02:30.979 --> 01:02:34.559 
Alexander Winkler: Yeah, there's always room for improvement. Every trade teaches you that. Yeah.

01:02:34.689 --> 01:02:36.430 
Alexander Winkler: yeah, yeah.

01:02:36.750 --> 01:02:37.500 
Alexander Winkler: yeah.

01:02:38.130 --> 01:02:43.819 
Tommy Salerno: that's what you need, though that's what you need. It's necessary. That's the the ingredient for success in this.

01:02:44.069 --> 01:02:50.038 
Danny Camozzo: Yeah. you always have to find that little one about where you could be doing better.

01:02:50.109 --> 01:02:51.880 
Tommy Salerno: because the the margins

01:02:52.060 --> 01:02:55.609 
Danny Camozzo: can make all the difference in making money or losing money.

01:02:57.510 --> 01:03:01.779 
Colby Warshel: The competition is heavy.

01:03:03.189 --> 01:03:09.060 
Alexander Winkler: Alright, guys. Good luck to anyone still trading. Cm. And D. I don't think I will, but you never know

01:03:09.420 --> 01:03:12.270 
Alexander Winkler: you'll see me the discord.

01:03:12.279 --> 01:03:26.179 
Alexander Winkler: 5 min later I'm watching it. I'm pretty interested in it. It's pretty heavy up here. It's having a lot of trouble. But if it can get through this area 6, 60 or so.

01:03:26.680 --> 01:03:36.560 
Danny Camozzo: then it's doing something that it hasn't done all day, and over 650 should have room to 8 if it could hold it. So we'll see?

01:03:36.939 --> 01:03:38.609 
Alexander Winkler: Alright, guys. Good luck, then.

01:03:38.619 --> 01:03:40.189 
Alexander Winkler: Yeah, right

01:03:41.000 --> 01:03:42.349 
Tommy Salerno: alright. You see this

01:03:42.449 --> 01:03:43.719 
Alexander Winkler: touch better, boys.

01:03:50.930 --> 01:03:52.060 
Alexander Winkler: and.

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March 16th, 17th combined (-$65) DRC

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