Bitcoin, OIL, CHINA #bitcoin #tradingstocks #stocks

Bitcoin, OIL, CHINA #bitcoin #tradingstocks #stocks

[Applause] [Music] [Music] [Music] [Laughter] [Music] [Music] yes yes yes yes yes yes what’s going on man so let’s turn that down hopefully you can hear me um hey bitcoin here so you know what’s causing this move there’s a lot of rumors speculations as a money flow trader and it just is what it is i mean nothing saying you know nothing wrong with reading reading formulating ideas you want to have fundamental opinions i think it’s um it’s tough to be strictly a technical traitor in my opinion um i shouldn’t say that i guess that could come easy to some people if you have an intellectual brain or you like to read or you kind of like to know what’s happening you’re gonna have a hard time being straight up technical trader if you want to be a technical trader dude do not watch the news at all like put nothing in your head if you want to technically trade bitcoin just using charts don’t listen to don’t read anything that was your breakout that’s all you need to know anything else is data that has nothing to do with your charts so i don’t do that i’m not gonna lie i’m not i used to be a technical trader i was obsessed with technical trade like that was it like trying to come up with a combination that statistically over time i would consistently win and you know people jim collins pulled it off he has computer programmer programs that run 100 different trading strategies and they make billions of dollars it’s hard for a human being to do that then there’s other kinds of technical trading right there’s just people you know i don’t believe i have any interpretive abilities when looking at a chart i think i can just see what is happening and if i look at bitcoin what do we have price has broke out look at the moving averages they’re pointing straight up man just straight up it just went straight up and look where it stopped like i talk about this all the time right price has memory where’s it gonna go where it was before and then it stops i don’t know why i don’t know why that happens i really don’t um i just know what happens now it doesn’t mean it’s going to stay here but dude it’s probably stopping for a minute right like this is where it stopped last time it’s going to stop and we’re gonna need some energy to push that through here’s the problem rsi is already banging 70 but this is crypto this is bitcoin man this is different let me show you what i mean let’s close this down if we back this up and we’re looking at the chart here’s price right now right here’s price here’s the previous highs up in here right if we back let’s back this up a tiny bit taking it out a little bit dude it can run on an rsi at 70 for a minute watch that’s where it first hit it and look look how far it goes after that this is the problem with indicators man they’re not they’re not they’re not fill proof man they’re just they’re indications right we try to put them together maybe in a soup or a combination or a recipe trying to get some sort of edge man and look that was kind of like a little previous high banged it and then it went on an extreme rsi for another two weeks man before turning so it’s not a you know okay so now it’s hitting it’s hitting that again price is at previous high where it was rsi’s on 70 and i think could run for another two weeks into the extreme and be okay you know if you get too bogged down in the news i’m sure if we pull up cnbc right now or look there’s some senator wants to regulate bitcoin they want to do something and government’s trying to like oh i get it all of that though you got to decide are you trading price movement are you combining the two is there like something you could read that would make you say okay well i’m gonna buy less like i don’t know how you quantify that when you go down that road then it’s just gut and feel like well hmm you know so bitcoin’s breaking out we have a stage two breakout and it’s hitting the previous it’ll probably pause here a minute it could easily run to 48 000 before stopping and here’s the thing man if you’re doing the money flow look as it climbs up it’s gonna do the little you know it’s gonna if it you know if it stays on path it’ll sideways it’ll run up right it’ll start to top out it’ll pull back right so we don’t want to buy in here if we’re looking to buy we’re looking to buy down here right so what do you do once this runs focus on other just let it go so there’s no more buying you guys say should i buy bitcoin no you should have already bought bitcoin let it go now we got to go look at something different this just goes now you let it go and now you’re looking at something else that looks more like this like it went down now it’s going sideways you know so the buying is in these stage ones that’s over the horses left the barn so if you’re not in it you missed it that’s how that goes if you’re trading i mean unless you just don’t give a it i’ll just buy the highs okay but don’t cry when it turns i mean if if you’re trying to get the best prices possible so no i wouldn’t be buying here unless you got a lifetime i mean holding i mean i could it i guess then you just buy you don’t need charts if we’re looking at it like that right so where’s bitcoins when the big five where’s oil let’s look at the uso we’re at 49 on the well let’s look at let me see brent same chart right so this is brent crude the continuous contract eod dollar signed brent 74 dollars a barrel seventy four dollars a barrel in oil is now above the 20-day moving average and price is moving up it’s breaking out if you’re a chart trader you know what to do if you start implementing news other variables you may be like well you know there’s this and news and this maybe i don’t do it or maybe i do a lot that wasn’t a very big dip that’s the part i don’t like but it was a dip this is a stage two breakout oil is moving higher so what do you think that means for oil stocks so if you follow oil and oils in a stage 2 breakout let’s go look at exon exxon has not broke out yet oil is breaking out exon has not broke out why is that happening why the disconnect man did you wake up this morning and ask yourself why is there a disconnect between exxon and oil why is oil breaking out and exxon’s not you probably didn’t even think about that what about chevron it ain’t broke out either so for traders do we want to trade the oil itself or we want to trade the oil stocks that maybe tend to be lagging it let’s look at maybe this is unusual look at gold so this is the index right gld all the stocks involved in the gold sector right let’s see if they look the same hey you why they’re actually lagging a little bit so this is one that i’m building what do we see you see it come on come on man now look watch this you see that day right there what was that july 15th tried to make a run for it look at that moving average look at that 20 day straight down baby you you’re trying to break out against a straight down rarely works sometimes it does what that tells you is it wants to rip and if you notice it pulled back a little and now we’re starting to do it again and you’ll see that on a bunch of stocks man as you watch charts intimately and you stop worrying about stupid crashes and stuff if you’re on here i’m not making fun of you that was one of my texts i talked to a lot of people man the guy says hey and it was a good question i mean i’m not picking on the question i’m just trying to use it to create a point here how much should we be worried about a crash and how much should i prepare for it i wouldn’t worry about it at all and every time it’s ever happened in my in life it’s been an opportunity i think the fear is they might not have money when it goes down you know prices go up and down man you got to get real comfortable with your account going up and down volatility how do you think hedge fund managers do it what do you think they were doing when you were in high school and they were in an 82 crash was the 87 crash 95 or 96 2002 2008 coveted crash we had a mini one in 2015. what do you think buffett’s doing like oh what are we gonna do like no they just handled the day they’re given man and so you wake up and deal with the in front of you man and those guys if you haven’t noticed are continuously buying why see the one thing that people the difference between a trader like kathy woods and warren buffett is people are constantly giving them money so they’re constantly buying and reallocating their perfect assistance non-stop machine of money churning of trying to reallocate so that they can beat on the way back up if the market pulls down they’re not trying to get away from the down they’re trying to to restructure to catch the up and downs that’s just part of what happens they control that i mean some of them heads themselves some of them buy you like there’s different things you can buy that go opposite but that’s not the plan the plan is to have assets that are higher quality than the index and try to beat it that’s all that’s what they’re trying to do man this is just the natural flow of life the money flow you just see assets running through stages you know what’s the difference between this stock here and this stock here if you work there you think the guy that takes out the trash noticed a difference oh man nothing different at that company just less people don’t want to they want to own it today than owned it before same with bitcoin bitcoin didn’t change right it’s just going through its flow man all these assets move up down up down look teledoc got smashed at the open look at that man where did it stop right what was before now you see this and you go well you should have just bought there yeah okay if you got some sort of perfect hindsight i guess you didn’t know it was gonna go up right here you didn’t know that now what i did know and you know i’ll tell you all the time where’s it gonna stop where it was before where’s it gonna stop up here where it was before and it’s gonna travel and then stop and then travel right stop and then travel and stop and then travel and what stop and then travel right and it’ll get hung up right around in here where it was before and then if it breaks through it goes to the next one it’s like a spider web or a magnetic force it just pulls it from one zone to the next zone and in between zones it’s got free rain baby it can just fly so if you got big ranges it can just fly through those ranges right and what stop where it was before man it’ll stop right around where it was before how long i don’t know i don’t know you know now it may dip it it’ll start creating them it’s organic man shit’s alive and then stops right so on the way down what happens that becomes the zone and price goes in this little flow of you know not knowing anything man we don’t know tomorrow i don’t know how anybody could think they know where the market’s going that’s complete lunacy you’re an idiot if you think that because you don’t know what’s going to happen tomorrow you might have some game theory some statistical thing you’re like oh it’s 48 okay now i don’t mean you know you don’t know so the one thing we play with is uncertainty i mean once you get that established and you realize now here’s a big listen myself and other people i explain this listen if right here i’m under water and when it hits a 70 rsi right where it tag and you’re still under water that does not mean the stock won’t go down now listen to what i’m saying this is going to confuse people man that’s why i’m doing it on the boot camp they don’t even deserve it on my regular account this is too deep right here like i don’t even want them listening to it if they don’t really get this what we’re talking about this was a completed swing trade it doesn’t matter if you were under water or not if you took money off and and booked a loss on part of your position and let it come in so that you could put it back on wait gerald are you saying i could use skills to trade my way out of losers that that would take time and discipline but i could do that i’m quiet for the effect the rsi goes extreme it doesn’t give a if you’re in the green or in the red it’s extreme you see how you added a variable that ain’t got to do with the situation now at that point you have to make a decision i like my position here i’m cool if it comes down matter of fact i hope it does the guy who says that is a guy who believes that ultimately it goes here but if you hey uh what about a crash what it’s not a crash it’s called a stage four decline it’s not like it’s just a price pattern movement it’s just going faster than normal good this is man i’m telling you once you get what i’m saying this game is so stupid look at the dow back it up just fill in a stock for the dow if you’re a patient person could you have traded your way out of a loss if you took a la let’s say stay with me pretend like this game existed before you decided to play it that’s what i have to remind people all the time okay what happened on covet yeah well it’s freaky and it was a big and nobody knows what’s happening it’s not it’s just a number on the chart the chart doesn’t care it doesn’t know what it’s just movement look you can go back a hundred years and you have these sell-offs oh there’s there’s coven back here is what that’s 2008 man world completely collapsed stops going heads up could you have traded what if you got long right here the day before the massive drop could you have traded your way out of this yeah if you were patient and believed in what you were doing you could have out of any stock that you purchased man as long as you’re buying real businesses whether it be z this cracks me up man draftkings okay look pltr let me give you an example three years from now when i’m up 400 percent in this and people are like should you know what do you think like uh trade it trade it man trade more than one have a bunch of these some will be going up some will be going down and guess what you may have weeks and months where you don’t make your balance is red okay you don’t think that’s ever happened to warren buffett like every person that trades stocks on planet earth this is what happens man your count goes up it goes down the difference is they don’t stop they keep playing constantly and guess what they get new inputs of money all the time so if they were buying some up here they’re damn sure looking to buy some on the stage one down here that’s not normal trading to people they think it’s in out in out in out and somehow you’re just churning making money like it’s just consistent like you’re a job punching in punching out pay me that’s not how it works man that’s not how it works for any of them anybody presenting to you that that’s how it works is full of oh i got these spammers over here man what an idiot all right robbie wants me to stop my class for him and talk about amc let’s do that robbie we’re going to do this just for you okay we’ll stop me from teaching about stocks and we’ll look at your stock for you sir let’s do that all right guys this is for robbie robbie wants to know about amc since he doesn’t want to learn the strategy so they could answer his own question i’ll do it for him let’s see right robbie since you’re too lazy to buy the book or learn i’m gonna do it for you sir right there was your last stage two breakout you lazy bastard now watch and then go buy the book son and you won’t ever have to ask me this question again you’ll know exactly what to do from here on out so that was your last breakout at the previous high i would have took some off that’s right there listen up robbie right there all right are you listening i would have sold some that’s your first sales sum why because you’ve bought multiple times okay you’re gonna you’re gonna take go multiple times in and then you’re gonna take it off and multiple times in logical order so there’s one lot i used to call them lots robbie and then now what do i do nothing you let it go when the rsi is extreme sell some when it appears to have stopped going it’s not going to drop instantly that’s not how it does it it moves in stages look over here when it topped took a couple days see that one week of trading one day two days three days four days and then it dropped right that’s pretty obvious at top you’re going to get the same effect over here if you follow starts charts and you stay inside the money flow you’re going to feel top c tops rsi is going to be screaming price is going to stop going up you’ll take a little off and what are you waiting for right there when those moving averages realign you’re out now look we could back it up and start what we just discussed right there robbie so go buy the book man stop asking questions that’s what you do on amc so what is amc doing now if we were to look at the money flow you tell me where’s amc is it in stage one no no let’s look at two is it breaking out above the 20-day moving average that green line is it breaking above it no well it’s not in stage two does it appear to be going sideways yeah looks like it where are the moving averages well they’re all pointing down is it well histogram’s ticking up so chat sticks is out this is stage one do you see why momentum is turning slow stacks is breaking out price is building a box where’s your target where it’s been before right there how do you know you’re wrong on this it breaks down if it goes below here that’s a new stage 4 decline do you want to hold the stock i don’t know did you want to hold it over here look like it would have been smart about here yeah looked like it worked there too so do you want to take it off i mean that’s where you get down into the gray issues man this is where people get a disconnect with me i’ve been doing it a long long long long time i’m cool with riding waves and ups and downs i have all the intention in the world of buying it lower i don’t need to get completely out of it you could nothing wrong with that call it i’m out you’re just waiting on the breakout and you’re gonna get back in you place a stop set your target follow the rules for exiting out easy man easy peasy one two three executing on that because of your life and the voices in your head and news and your inability to manage money or to keep a job or to save or put money in your account that’s going to you up not this stuff this is for babies i could show children how to do what we just we just planned the trade there with like children uh stop loss on half position here uh right target uh put a limit order in for up here like that’s easy we just plan the trade go execute it the hard part is everything else in the middle man that’s the hard part let’s see where’s uber hmm uber broke down right we were playing a breakout what is it done it’s falling right back to where it was and now it’s holding it same situation as amc i wouldn’t call that a perfect sideways man look at the five and the ten they’re still pointing down even though price is sideways i mean this is over a week of trading on the exact same spot so is this a stage one and now here’s my reasoning i don’t want to commit capital to it right now if it’s going lower i’m not selling it i want to buy more so i want to be greedy if it’s coming down good let’s get it down here you know i don’t want to just buy to buy but if it’s a stage one and i’m following the money flow and it’s building a stage one before a breakout and a run well i need to be buying right and so this is how i’m looking at it every day everything in my thing is where’s the best place for this money so one i took money off of yesterday peloton i didn’t get out of the position i downsized it look stage one stage two breakout right we ran it up where did it stop holy sheep right where it was before now watch rsi extreme too extreme we’re up the stock’s pushing toward true value so if i go to tip ranks let me tell you how i’m analyzing this is sh this is the quick and dirty but this i mean it isn’t just this this is just am i on the right track i’m gonna go do my own reading i’m gonna do my own you know all that stuff you need to do that peloton average analyst has 134 on it maybe they’re wrong i’m just seeing am i the only person thinking this or is there somebody else agree with me that’s ten percent upside all right money flow says previous high 160 that’s above where the analysts think it’s worth they think it’s worth what we say 134 that’s right there dude so people are thinking this is true value the indicators are rolling over maybe i take a little bit of this and put it in some better opportunities i’m not out it’s still undervalued a little it’s probably coming down dude so i’m down from 80 shares now i got 20. what am i gonna do with this now i’m giving just let it be man down up whatever let’s just wait and see what it does at this point right same in zoom where are we at on zoom i’m down to just a core we got a chance to add down here we got a chance to ride it up rsi went extreme what am i doing i want to down take it now what if when it did this whole little chabang here it was extremely undervalued still maybe i don’t take it off maybe like maybe i took a little off but not as much and what i’m really looking for is in a few months or a few weeks look how long that took man one day two day three day four day that was a three week down move man you know see it’s not like you ain’t got time to get it back on this three weeks this ain’t day trading like you got three weeks to figure it back out again what if it went a little lower you had two months you come back to it man it’s not all in all out it’s just re-waiting right where it had been before it had been there before well look at that and then crazy look it stopped right on the previous high is where it stopped on the pullback come on man so this might be breaking out what is what do analysts think about zoom 14 ah 421 421 is right here where’s the money flow say it could go a little higher you know so is that worth i don’t know maybe you want to catch this little bump i’d rather move that money to something i think has better upside i’m gonna keep my position in this it might go down might go up i don’t care matter of fact i’m more likely to get involved if it goes down than if it goes up if it goes up i’ll just hold it and let it keep going see what i’m saying now at some point you might decide man i gotta cut something i got if you get too many winners like let’s take pinterest i’ve been holding this one for a long time trading just trading around it man look it’s breaking out here’s why i haven’t really jumped on adding to this and it could be a mistake i mean look man it’s got a lot of it’s got a lot of overhead here what’s the average price on pins 85 bucks 14 i mean i want to keep waiting do i want to put a bunch of money in it [Music] i’m i wouldn’t be mad at you i’d like to get more than 14 percent you get what i’m saying it’s a pristine stock it’s a good company i don’t know man it’s breaking out we’re seeing it right there crossover happening you know i’m sure we could get to 82 you know do we get up into the 86 range i don’t know man you know my only concern if we again this is what i’m when i’m looking at each position i’m going through this in my head every night every day you see me looking at a white board i’m like all right i got money in pens am i am in a core position or what i call this uh an oversized trade style position do i want to commit more money to this or to say draftkings let’s break it out today draftkings were our targets probably in there and then 72 right so five dollar move another five bucks another 10 bucks so what do they think on draftkings only got so much money right 34 upside so draftkings has more upside than pins more upside than peloton right technically the charts look good on pins and peloton i mean peloton looks like it’s about to roll over but pins looks pretty strong but i’ve got this draftkings breaking out too so if i got to choose between the two i’d probably pick draftkings with new money now in a perfect world i just buy them all but i can’t do that unlike kathy woods guys i don’t have an unlimited flow money coming in like unlike warren buffett where people just handing you money constantly like that’s a big difference right so if you see it like a real estate investor a guy on youtube or okay and you’re out here buying for yourself you’re buying these you buy these stocks yourself with your money if i gave you two thousand dollars a day you could just buy buy buy buy buy buy like you would just be buying all the ones and twos right well that’s the people that sometimes you compare yourself to like grant cardone using his own money people are giving him money well damn if you gave me money it’d be easy to buy real estate too like it ain’t complicated when people are giving you money it’s a little bit harder when it’s your own money and you’re having to pick and choose and decide right and so that part goes into that analysis you know then i start looking a little deeper you know what sector are we in you know what what what what could bang this up is there something we’re not seeing maybe this isn’t a real opportunity you know maybe it’s not hey robbie’s buying a book bro i apologize for picking on you let’s see what else was on my oh we got to talk about china man you guys trying to make me feel bad oh gerald put us in china now we’re getting hurt he’s a bad bad man so i started trying to as usual i’m early a lot i happen to be early a lot if you remember when we started buying oil i was like man oil’s cheap and then it went cheaper then it went to zero i didn’t know it would go to zero i know that was possible um we started trying to play the yen here you see why right so if we’re looking at the money flow chart so it’s important to talk about when it doesn’t work if so when you start whenever you step in and you’re trying to buy a stage one you say joe what’s the stage one let me show you real clear look at budweiser this is a stage one now if in in the money flow book i don’t really teach buying these i don’t teach this what do i teach in there i mean what the focus of the book is the breakout right when price does this what i found out along the way trading and that was a pure swing trading strategy it breaks i put my stop first at the stage one as price you know as the trade played out i would move the stop and i had various things along the way where i would change and as long as it would ride i would move the stop and we would just play this game all the way until it finally broke and then i’d get out or go short you can do that you can take the money flow and do all of that right yeah you know like my man just said the five-day crossing i talked about that in the book you know look you don’t have to wait on that if you know what you’re doing if you’re watching it and and that first book it’s hard for me to go into everything because it’s hard to teach the this pattern here price doing this pattern is the indicator you know the 20 is just trying to help you see this the macd is trying to help you see this the chess i’m trying to help you see this they aren’t there to keep you out they’re there to help you see deeper it’s price so if we can see a pattern of p price accumulation going sideways and then it breaks out and moves higher it moves up that’s confirming the two the for an absolute fact it has happened and now you’re in a stage two is that five day crossing but if if you’re in the money flow and it’s something you’re following all the time not like you just found it yesterday you’re following it all the time you know what’s happening it’s breaking out right it’s trying to make a move there you gotta get in and then look you can’t let that bump you out it dip below the 20. like sometimes when i show people the 20 day and the five day they all of a sudden take these and use it to kind of beat themselves up in their trading and it’s just these things are to put a scope on price like if you’re out hunting with an open site you can shoot i don’t need indicators take them off you can see the pattern price moving right like if you move them you can see stage four decline stage one sideways like you can see it and so the moving averages are there to like just put a scope on it man to help you like if you’re looking at it and then the moving averages have crossed guess what it’s in an uptrend but you probably could have caught it two days before that because price is breaking out above look you got an entire week where it has stopped right on an extreme with an obvious target right here this is budweiser one extreme to another so it has gone through a perfect stage four decline now one guy may see this and go oh that’s uh i don’t like that really i do that’s the only way to catch these dummy like it’s gotta come down so when i meet a guy and they’re talking to me like oh it came down all right well you’re too stupid maybe to trade stocks prices go up prices come down like maybe you have to have that conversation with yourself go look in the mirror and go wow they were doing the stock market before i got here oil’s been going up and down since before i got here mortgage reits all these things you see all growth stocks penny stocks biotechs they were here before me and guess what they’ve done a bazillion stage four declines so what expectation do you have that you won’t go through these and so once you begin to look at it like that you’re like okay cool i’m gonna go through these ups and downs are you saying that i could compound by wealth by understanding the downs not fearing the downs and looking to capitalize on the stage ones meaning i would have an edge because when other people were scared i do it was just a pattern it’s just a stage four decline it’s not going to stay that way forever and so if i have that fundamental belief doesn’t that give me an actual edge that’s a made up edge but a real edge yeah come on man an actual edge but that requires um another level of thinking okay listen when budweiser came to write here i swear i promise you when budweiser was sitting on this day right here it is so easy right now to look back and go i wish i would have bought then i promise you you would have been a little and not wanted to buy why because people are that way today i’m showing them these stocks in this pattern they’re like oh i don’t know man it’s going straight down i don’t feel like and then over here they’re like all full of courage i knew i should have bought more down there i knew i should have bought it that thing was undervalued i’m telling you this is the game people play in their head i can tell by the comments and the they send me nobody likes this stock that’s funny because the best time to own it was when nobody liked it and now it’s up here and the guy that bought it up here is hating this stock and when it runs to here it was his opportunity and this game will play out long after you’re gone and you quit it’ll keep playing and guess who wins buffett kathy woods they just sit in here you don’t ever see him they just sitting here waiting taking money buying on sale taking some off when it runs up what playing that game man you don’t think they get messed up you don’t think buffett you think he felt good selling delta at the bottom puking it out why did he do that let’s take it back he’s so damn smart i made 150 why did he sell it he sold it right here where did he sell it and he i’m not hey he is way smarter than me like don’t misunderstand what i’m saying why would he have sold it there same reason you sell there the pause is for effect why would buffett sell after this big down move just to watch it double where would i tell you to buy it you already know where we bought it if a guy had bought it here and sustained this massive loss could he have got his money back do you see what i see so to my friend if you’re on here and i don’t know i’m not picking on you but when you text me this morning what should i do to prepare for a sell-off uh get some trading skills uh get out of debt so that when this happens you have some money get your together at home like it ain’t nothing to do with a chart man like preparing for a crash is stupid if you get your life together when the crash happens it’ll just be a normal day for you that’s too deep though we went a little too deep we didn’t want to do that like oh i thought we could buy the uh condor spread of the what you may call it no that’s not it you know it so what this is delta now what is delta doing so let’s see if the guy had trading skills and his stock fell 60 percent could he i don’t know pick up some more take it down pick up some more take it down right could he do this wait we got a solid sideways going maybe he picked up some more no taking it down right it came oh so here we come what are we doing picked up some more and then if it rips out what take it down so you’re telling me john if you were patient and waited and played all the cycles and just stuck with your yeah in virtually any stock that we pull up let’s go back and look uh what about space could we have done this in space is there any way we could have known that the top was in gerald yes it’s always the same man let’s see can we see money flow patterns like we really literally sold the tops on these men literally you know that previous high bam bam rsi screaming what did we do sideways is obvious when i say hey take off all that you don’t want to ride down why because you’re going down you’re going down this is a big ass stage two move this is literally out of the book like literally out of the boat how could i have written a book five years ago and that this exact pattern you tell me i’m a nobody from a little bitty shitty town in texas how did i find and then today fast forward space does exactly this how does that happen now i’ve put a million people onto this who knew all about stocks and didn’t know this i’ve never met anyone who taught this it didn’t get it from me they may have a variant of it but not the money flow not price breaking above the 20-day moving average coming out of a box a zone of accumulation is just a signal for a stage two climb i mean a rise i’ve never never heard that i got 400 books not one of them talks about this not one there’s there’s ones that talk about the four stages of price movement nate if you bro i’m about to kick your ass out of this live shut the up and listen so this came to you from god man because that’s who i don’t know who else put it in my head this came to me on a blackjack table i kid you not all this stuff you see i got like i i got the moving averages the way i use them the way they’re arranged from a guy named uh uh uh brian shanahan right rsi uh uh the macd the way i use them i got from uh uh dr elder right and and uh richard wyckoff was big remember the white cough pattern scaring all the bitcoiners don’t even know what that is that’s like them quoting benjamin franklin like they’re friends of his this the white cough pattern is so complicated none of those idiots on youtube know how to use it man don’t listen to that they’re too stupid to run that strategy seriously go look at it it’s like trying to run elliott wave go read a book on elliott waves and come back to me and explain it to me i dare you seriously go get on amazon tonight and order a book by the guy that created elliott waves and let me know what you think or or with a white cough pattern but one thing i did get from reading his incredibly complicated book was was accumulation distribution up trends downtrends deep will call them different things and as i’m sitting there playing all this comes together and i realize holy i’ve been seeing this on charts the whole time man now does that mean i know what’s going no i just saw this pattern and it dawned i mean i said okay if i try to buy when the moving averages are on this side you are making the riskiest buy you can possibly make this is you trying to buy the bottom it doesn’t change directions until price goes above the 20. so when i was gonna put my book out i said well i’m afraid to teach people the stage one because the stage one is the riskiest buy if you’re buying here you’re buying against the move man you’re buying against the trend the trend is to the downside but you will make the most money if you catch them but what happens if it goes down again so if you ever see me doing stage one buys i assure you i have no stop losses what do i do instead of a stop loss don’t buy so much like you mean damn just understand what’s happening it might go down when you’re buying on this side of the green line you’re buying risk but you’re trying to buy the absolute bottom there’s day five one two three four i need at least four bars for a box i’d like to see price above the five day moving average there’s my buy bar if you’re following the money flow is that the bottom pretty close but so was this one right and so was this one you got it in you to handle this the only way i’m gonna handle that if i think it’s worth more and then look at the reward but in order to get there this one was at risk it went down a little all right good i know i mean i could show you chart chart after chart and i still have people uh they can’t take this this is what kills them man and so they don’t get to do this and if you’re back up and your pitcher’s bigger and bigger and bigger man you can crush anyone trading you just but guess what you might run a foul man you might have positions that run afoul for a minute they they start heading down because you’re on the wrong side of it if you have the ability to move in and out you’re like boom i’ma get back in later i bet you don’t i bet you put that money in a different stock i bet you don’t get back in and i bet you don’t have as much and i bet your position isn’t as big if you didn’t do it my way but you got in and out i guarantee you don’t have as much so let’s say bitcoin runs to 85 000 you think the people that got out at 50 because they couldn’t take it are gonna make as much as if they had just accumulated on stage ones i have a thousand dollars says no they will make very little this is the reason people don’t make money in mutual funds they move in when the fund’s doing good they move out when the fund’s doing bad and it should be the exact opposite so if a trader like me got on a bad streak that’s when you should join the money flow you know when i sell books when the market is hot and they’re just giving us money i sell books when it turns shitty nobody wants to look at it that’s when you should be looking at it it’s the exact opposite man let me get about nine stocks in a row wrong that’s when you should get excited that happens man you’re gonna go through you you just your but we’ll get out of psych or you’re early like with oil or with the yen like we got with uh fxi got in a little early why taking trying to buy trying to buy below the thing it went to run and look what it did could not get above previous high each time see couldn’t do it but each time it comes back my thesis is the same right comes right back to previous and then what we just get slap i’m already adding on a downtrend look i’m adding on the wrong side of the moving averages what am i trying to do i’m trying to catch a stage one now you go turn on cnbc and be like oh kathy woods moved out i i don’t see that anywhere on here let’s see maybe there’s one that says yeah oh there it is number seven if kathy woods sells it i should too i forgot that one that’s not there by the way if you sold this because she did please don’t speak to me okay don’t tell me just ignore me for a while don’t talk to me okay if you ever listen to cnbc and sell a stock because of something they hear just assume i don’t want to talk to you okay it’s like when it when you your kid knows they up just be that person just don’t talk to me it’s contagious this is why i don’t take like negative people and the crashes and all that i can’t i don’t do it man it’s it’s no one who thinks like that prospers the only thing it prospers is thinking opportunity there’s no doom and gloom because any doom is is prosperity any down move is a good chance to get in so any any crash or any of that kind of like oh i’m gonna do it to you don’t even have enough money to protect man what are you sitting on 20 billion well i got 35 000 and then you need crashes man you got 35 000 that’s not you want it to go to 15 so you can put more in and then it goes to 30 and then you put more in and it runs up to 120 and then it falls to 80 and you put more in and then it runs to 150 and you it falls down that’s how it goes man how do you think it’s been going for me for 21 years is i put money in buy stocks trade like it just does this you know you’re you go up and then mark comes down and then you start putting more in and then it runs up and then the market this pattern plays out and my balance goes higher and lower and higher and lower and over time it just creeps higher and higher and higher it’s not an equal distribution man there’s none of this well i’m gonna make so much a month if you talk like you’re stupid dude there’s no such thing volatility is unknowable so nobody can show you how to make a certain amount of money the moment you see them it says the any tagline says this a hundred dollars a day blah blah blah forex is full of this dumb you’re talking to an idiot if you believe it yeah yeah they they they got you i mean i don’t know what else to say there’s no such thing man you think if a guy could make a hundred dollars a day he would talk to you if he could do that every day you can add zeros what a million a day it’s just stocks instead of clicking ten by a thousand or ten thousand or a hundred thousand or a million shares i got a friend that trades on wall street they buy a hundred thousand shares so if a guy has a way of doing that why isn’t he doing that because he’s full of that’s not how it works man warren buffett got so rich because they keep giving him money and he buys more and more and compounds it is using his strategy to accumulate more and more and more uh arc funds too same thing man they keep giving her money she buys more she just buys more and more pelotar where do you think the money’s coming from they don’t get dividends more people look this stock is breaking out so if you bought it up here let’s just say you were a complete dumbass and bought it right here where i would have told you not to buy it no never buy it when it’s on green right and then this happens should you sell it uh no maybe buy the stage ones right buy all of them and when it runs you say but i’m still underwater rsi doesn’t care look isn’t that the pattern stream low stream high completed swing tray it doesn’t care you’re underwater it doesn’t care that you bought it over here remember when the rsi went green here it went down when the rsi went green here it went down that’s what it does which stock is this pltr look how i said that’s so nice this is stage one this is a buy if you were swing trading your target’s right here and then you let the rest run until where’s the next target right up in here is this company this is a buy by the way i may buy some right now while we’re talking what’s the here’s the dilemma baby they got a 22 target on analysts don’t like it except goldman sachs does that’s all we need to hear man goldman’s on our side so if the analysts don’t like this what do you do see how nice i was nice to that guy man oh boy this is beautiful it’s a beautiful chart man hmm god this has been traded so perfect look at this so if you’re short-terming man this is where you’re taking money off man you’re taking it off on these extremes and looking to what put it back on and then in the meantime put that on something now can you get caught twisted four five six nine ten go the opposite yeah you can you just keep playing you keep waiting you say well i don’t have any money to put it all right maybe you’re sitting on something that’s got little gains i had to make that call with peloton and you say gerald but it’s a stage two i know i bought a bunch down here it’s moved up we’re at previous high it’s only 15 percent from true value and it could be rolling over so why don’t i take this money and move it to something like ptlr if i think this has some good upside right or maybe an oil stock like you see what i’m saying like i go find other things in my portfolio that the balance is less that i think has more upside so i would take it from the ones that i’ve made money in you could hold a position you go trim two or three and then you push it and you just buy a little and you just keep playing this chess game you move upon you the next day you move upon next day you pu rook goes way to the right right and you’re just playing chess with this man as you i don’t know man i just went too deep man i went too deep that’s let’s see all right let’s get back to it let me look at ethereum and we’ll get out of here i feel like i just went to a too far level all right we’ve had some fakes on this one man if i was trading this there’s your breakout i’m not buying up in here i’m buying there there’s your breakout and a guy yesterday i think i should buy it here it’s like damn bro why are you asking me this you should have bought right here now you’re asking me is it okay to buy when you’re late you’re a week late what were you doing last week so if you’re gonna trade this be on it don’t wait for it to run and then go you think i should buy some no i think you should go get a stock that hasn’t broke out yet and do the work and ease in and buy them i think you shouldn’t chase i think you should do the work like you should have been buying here and then it pulled back what are you gonna do look where it stopped right where it was before turn right around there’s your stage one signal there’s your breakout man don’t ask me should i buy a stock late that did is there a section in the book called buying stocks late no and to me that’s late could you yes but look you’re buying it four days late so that’s a risk so if it pulls back into here what do you what what you know what’s the you know i would rather if i’m already in this i’ma wait and see if it pulls in some you know i mean that you know again though this is a theory i’m so it could run to 44 like that right but i’m come out as a stock this is how i want you on it so if you’re watching uber with me right we’re watching uber man we got to watch this every day man yeah i would buy some here draftkings like we got to watch this every day man no more days going by you’re not looking at uber man like be on this what’s the target and i’m not saying put all your damn money in uber every once when i get onto a stock that i really really really really really like i get people that go way overboard like don’t do that it’s one position okay nothing wrong with weighting it a little bit because you’ve got a lot of conviction if you go look at arc funds her largest position is 10 of her account or eleven percent whatever it is and it was what tesla i think now it’s it’s five percent is the bitcoin so i don’t wanna put fifty percent of my per my money in this stock right i wanna have like ten i think i’m at like i think i’m right at nine or eight or nine percent or six i’ll find out today yeah i’m gonna open and that sucks i’m kidding it does suck though yeah i’m in open now let’s just play make believe with me for just a second let’s pretend like we drifted far far away in a world that gerald had control of and let’s say that in this world that i have control of where i’m all knowing i could tell stock prices and there was like a genie and you just type it in and it goes 28 now this is not the only this is just the dirty i call it i call this doing the dirty which is a little quickie what is it oh it’s 86 or 86 percent i still need to come back and look on this okay i still need to look around i need go to the website dude i bet you own stocks you’ve never even been to their website should call them on the phone see if they answer call them up and with them yeah i mean go i use i mean i use uber and i talk to the uber drivers like i own the place i’m like yeah i always tell every uber driver i own stock in this man don’t be it up i ask them or do you own any stock in this and they say no i’m like are you serious think about this what if i’m right and uber goes to 70 dollars what if you went and just drove for uber and all of the money that you drove for uber you literally just bought uber stock you drove two days a week and all that money just went into uber stock immediately transferred it to cash app where you purchased uber stock you did that two three times a week month in month out for about a year you’d probably get what 50 60 70 i don’t mean i don’t know how much money you think you get in uber stock three days a week just buying all the money went to uberstock you you paid for gas out of your own money man oh man man oh man yeah this is a big breakout out of open open analysts think it’s worth 28 that’s up in here now to repeat what i just said yeah guys always ask me jared what should i do for money i said go drive for uber and put it all in uber stock stay at mom’s house drive all day drive 12 hours a day and then go borrow your sister’s car and drive that and get someone else to buy your food live rent free and put every dollar for the next year and just buy all the uber you can possibly buy get like a 200 000 worth and then go get a normal job like normal people why not i had a kid ask me that i was like well how much money is dad giving you and he told me the number i was like well i would just put all that in like and then i’d just go work and i for five years instead of going i would just buy the out of this stuff man and then i go get a job same thing with real estate man if you don’t have anything holding you down why wouldn’t you be all in i mean i don’t know man so that’s a long move that’s going to take a long time so if this breaks out and runs up at about right in here it’s going to hit a 70 rsi in the 200-day moving average now what if you say right here but gerald i’m still under water rsi doesn’t give a if you don’t take some off you run the risk of it pulling back coming back here to 18 so you got two months of down time when you could just take some off and push it to another stock that’s doing this and over time because you see the big picture right if you got the cup you got to have the cup moneyflowmerch.com see the big picture we realize this game to get to true value we may go through six of these money flow patterns oh you thought it was just gonna go from here to there so can you trade your way out of a stock uh yeah like unless it just dies if it goes to stock heaven you can’t do it i mean look at ge ge’s a shitty company let’s back it up but i mean you have plenty of opportunity to trade your yourself out of any any problems right that’s crazy that’s a weekly chart dude that’s like a year and a half so in a year and a half it dropped by 50 percent and then went up 100 right back to where it was look where it stopped come on man it’s not from god you’re telling me you really think that it just happens to be all-knowing but it’s it’s not from god look where it stopped this on a weekly look at the rsi right at the highs one extreme to the next it’s on the weekly chart man so if you back up and look at that i mean stage two breakout there’s your target if your swing trading is these are the kinds of my swing trading days that i like to trade oh okay stone live we got let’s stop for you bro let’s look at clove let’s stop the class and look at clove i’m sorry i didn’t know i was holding you up let’s see so everything we just talked about if we’re we’re going to stop the class for him let’s see all right stone we’re going to stop the class for you everybody stop what you’re doing and look at his stock all right so based on the whole hour and a half that i’ve talked it went sideways up sideways down and now we’re going sideways so if we’re looking at this and we’re look if you take your t-rex arms and go by the book so we see that pattern right now this is a kangaroo top but there’s your sideways and now we’re down and now we’re moving sideways it appears i got the histogram moving in hasn’t broke out yet if it does though where’s our next target right where did we sell some last time right there if you remember remember we bought stage one we got in on the breakout we took some off took some off here we are now stage one now this is one that i get a lot of people going do you think it’ll ever go back to the high no i think it never will i think you’re always gonna be like that i mean that’s how i get asked these things do you think it’ll ever because i was stupid and bought up here now as we’ve just looked at a hundred charts where you could have literally bought up here and if you take sk trading skills you can fix this problem over time you could trade in trade takes them off put some on take some off even stone could so do we have a box formulating here yes the only thing i don’t like we’re not at an extreme but look it didn’t do it last time either so not unusual right he said you’re always gonna be all right that was probably too far man i apologize on that yeah i’d be a buyer here man i didn’t buy any yesterday i bought some romo i bought some other shitty stuff my i like the stocks but they’re just you know they’re land right now but do i think they’ll ever come back yes i’m gonna trade my way out of them what the you think i was gonna do just eat it like oh i’m just gonna eat it and sell it because i have no trading abilities i’m gonna move it to something else really or you could trade your way out of it i don’t know that’s an option and when you get up if that’s a 70 rsi let me let you guys in on something i’ll probably trim a little even if i’m down and i’ll let it run why because that’s the strategy man it’s not the strategy to sell it for a big loss is it so what i don’t ever understand is people will sell it for a loss but then when i say hey sell it after a big move up so you have way less of a loss they’re like well i’m still down i know that’s the pattern though man it goes now you don’t have to but if you need money because you see other trades breaking out there you go there’s your money you peel some off you let that come in and you put it on the other stocks right so what do we got breaking out we got open breaking out we got this i mean this looks it’s about ready to rip look at that box right back in the box you better go buy my book son i will come to your house let’s see what else do we have man solo’s been sucking ass let’s see same all these have the same setup and so you if you remember coming into the week i think i put it on here let’s back this up for a second i think i said it did i say it markets are on fire minus penny stocks biotechs and many growth stocks they’ve remained under pressure those are the most exciting opportunities right now the large cap stocks that make up the indexes are pushing the average is higher what does that mean hopefully it means undervalued speculation plays we’ll soon play catch up it’s almost like i’ve done this before i know you were too busy to read that but what are we seeing happening it’s almost like i’ve done this before like when you were in sixth grade i was still doing this and sometimes goes down so what am i gonna do on the yen am i gonna eat a loss or am i gonna trade my way out of this and make money i’m gonna trade my way out of this and make money man i’m not taking on an index fund that’s not going to zero that’s coming back come on man you want to be on the other side of fear man the moment that went red i’m excited now all right cool we’re on to something now let’s get it and you say well but i’m underwater and just like it can go up and you’re you can come that like it okay what does that mean let’s see look at airbnb man been buying this one let me take you back to last sunday as i sit in my house alone with a beer only friends i have are stock charts and i look at them and i think wow the markets are on fire look that’s open that’s that’s a tech stock but i go look at the qqq and that thing is on fire rsi pegging 70. we’re going back last weekend where i’m sitting alone all by myself looking at a chart and i look at all of them all the big ones bitcoin the dow bonds s and p and i go that’s funny all my biotechs penny stocks many growth stocks are still in the and yet the indexes are higher so what does that mean what does that mean that means i need to make note of that look so where are my buying opportunities if i if i’m thinking long term if i’m thinking getting rich next year or the year after what am i looking at the stuff nobody wants to own man this stuff doing good i don’t care about right like i’ve been in starbucks and all that why because i was buying them when people didn’t want to buy them i got plenty of them let them run this is not a play what are you going to buy here it’s overvalued man right so what am i looking at gold bitcoin penny stocks but what if that takes oh that’s going to take time man new swing trades and what airbnb and so what was going on with esso is breaking out man pulling back today because growth stocks are moving up this was a little bit of a hedge what does that tell us if our high risk plays are down i know you go through this with your wife or husband you’re like hey sit down let me explain something to you right now the indexes are looking good but only about 50 stocks make up the index i own a bunch of stocks that aren’t in the index therefore those stocks aren’t going up why you think because those are the riskier stocks wait so we’re saying that risk is coming was taken off the table and it went into the obvious stocks baby you know apple google microsoft right you know those companies and your wife says i know baby i’ve been watching that too i also noticed that utility stocks started breaking out why would utility stocks break out and not growth stocks and yet the index is high and your wife says i know i was wondering the same thing i think we should downsize our bond exposure because i’ve noticed the rsi your wife talks to you like this right if your girlfriend doesn’t maybe you need a new one so xlu right where we hidden though previous hi did she tell you that did your husband tell you that probably not did anybody tell you that what kind of people are you around man i actually have friends that call me on the phone and say hey gerald what are we doing with these utilities man they’re banging up against previous highs we think they’re gonna break through i bet you didn’t have a friend one call you and tell you that not one maybe me if you read my newsletter maybe me i’m probably the only person on planet earth talking to you about bonds utility stocks let’s see where are we at on the bomb play here i’ve been downsizing it right so when you guys were in bed she’s like baby i noticed the bonds have been hitting that high rsi right at the 200 and your target was the 200. you’re writing about it in your new book and that you’ve been buying all the stage ones the breakouts with the target of the 200. now you’re hitting it but look what if you started it here could you have ever recovered from this big such a terrible fall where the bonds totally collapsed this is where everyone they were saying uh we’re all out of bonds nobody wants to own bonds again there’s no place like home how could you have ever recovered from this if you were in this what if that was a position of yours man if you bought the break out there and then you held it could you have ever recovered would you have ever gotten your money back well let’s see i’m thinking if you put a little bit on on these stage ones you’d have got your money back plus you’d have made money on the ones you put on right might depend on how how aggressive you got with the position my point that was bond we can look at any stock you want to look at we can look at any index you want to look at if you got trading skills and you’re down you can trade your way back man man here’s a question from patrick do you still put money in the market that you get from working or do you just use the money you gain from the stock market i put money in the stock market every day i’m trying to get rich if you can make money in the market and put money in the market now you got more money in the market which allows you to make more money in the market right so no i’m not at a spot where i’m comfortable i would like more than a million seems like if i put money in i can get to 2 million faster let me show you a trick man i know you guys thinking oh i’m just gonna get it and i’m gonna trade it and then i’m gonna do that what are you talking about man why you you think warren buffett keeps buying stocks he’s trying to get richer he wasn’t happy with a billion he wanted 90 billion there is no day where you’re like uh i’m just not putting any more in you’re never going to be that rich man now you might be forced to start taking money out i ain’t never met a man that had a couple million dollars in the stock market it said man i hope i can’t put no more money in the stock market i hope i don’t put no more in i’m just gonna use this money no he uses that money makes money and then he wants to put money in it’s kind of like saying if you got 20 houses i mean do you just use houses to buy more houses of course absolutely but what if you made 50 grand bonus at work and you got it pam it’s in your checking account guy like me i’m gonna go buy some stocks in the house like i’ma keep doing it man i just uh i don’t know but it’s a good question i think you’re a long ways from doing that sir i would be putting money in every day even if it was just a little bit just every day man i’d be if you can depend on how you make your money i pull a money out of my in trading account from time to time i’ve bought the last four cars that i’ve bought was from my trading account yeah this stock is horrible i’m in it this is very common broken family so let me show you something so you’ll believe me on this when you wake up in the morning and you see this and you go oh my god i could get in this don’t get in this at all when a stock drops that big just wait yeah you might miss one or two but i promise you just wait when you these this is a broken family this will never go up until these come together which first happened right there and i can show you chart after chart after chart i didn’t make this up it came from god this is a broken family i can show you chart after chart hundreds of charts and people will still fight me on this oh i gotta get some right here man look look how far no you don’t you need four bars to make a box and you need to really be going above five day the five days pointing straight down it can’t even get above the five dude there is no rush in here man down down down down are we buying no down down no there the literal bottom what does it do breaks out above the five and now you could draw a box that day that date well see it’s still technically not a box but at least you’re breaking up above the five and the moving averages are moving together so it don’t matter what chart it is when you get a big ass move like that and these moving averages are broken there is no rush let me show you another one i mean zero dude zero imvt massive drop doesn’t look that big anymore but at the time it was huge on this chart broken any any rush no you shouldn’t you shouldn’t even be considering this till it breaks above the five look it just goes down down down down down down and that first day is there and now what yeah you could have started a position man and look look how long it went it went nowhere whenever you get these stocks that are destroyed it takes a long time to get them going your money is locked up dude look at viacom look how long this has just been but it’s kind of gone up sort of but look at this look how long this has done nothing you can just look at chart after chart after chart of this man so what do you do with this nothing just wait buy a couple shares wait a little while buy some shares now this one’s tried to run a couple times so i’ve been building it at some point this is going to run and what what do they think it’s worth at some point it’s going to run and the further that goes the more likely it is it’s going to break man 49 bucks i mean that’s not that’s 20 i guess that ain’t bad dude that’s previous high right here i’d make that target 47 on this i like it let’s see irtc and there’s nothing wrong with those i’m not saying you got to sell them i’m just be aware of that and then you won’t be like what’s going on with this stock you know what’s going on with stock i just told you like yeah dude look he did it over here kind of started to come in and then just i hate this one man it did it again and then a again i don’t know man damn i mean you sh and what you know i said it you should be able to trade your way out of it that’s an ugly one let’s see they got an 81 target on it look at the analyst though hold hold hold and then we get this dude down here she’s gotta
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