Good morning traders,
Stocks go up, stocks go down.
Lets talk about why people don’t sell things…
First of all. I’ve said this a million times. If you buy a position. Say I buy a position. I buy NVDA 0.00%↑ 500. Say I buy 10 of them. And it goes up a dollar, so I buy the 520s and I buy 10 of them. And they rip up. The first one goes to 10 Sam sells them because he’s trying to cover the other ones, so he makes 6K from 4-6. And the next one continues to go up, go up, go up and you put in say $2 in the next one, and it goes to 10. So you sell those. Okay? so 2-10. 8+6=14. And then you buy the 540s, and then you make 5K on that one. just making up numbers. so you’re up 19. And then you buy 560s for next week and they go up triple. so you sell that one. and now you’re up like say 25k-30k. you buy SMCI 0.00%↑ and you make up another 10K, just , making up numbers so you have 50k.
Okay, so then you buy Microsoft at 80 cents, and you buy another Microsoft at 20 cents. You buy another Microsoft at 10 cents, and you made 50k, and you're up. You got 10K in the market in MSFT 0.00%↑ , and Microsoft goes 6X. Sam says maybe it'll go a lot. I'm not going to sell it, but Sam has already said I'm up 50k, and if I lose 5-10K on Microsoft, I'm okay.
Now, you, on the other hand, you didn't buy Nvidia, you didn't buy the next Nvidia, you didn't buy the next Nvidia, you didn't buy the next Nvidia, you didn't buy SMCI. So why would you wait for Sam to sell Microsoft? To even suggest that Sam, you didn't sell Microsoft? So what, I'm net positive 40K, really way up 300 something. I'm just making up numbers. And you lost money. What is somebody supposed to tell you? I mean, you didn't sell. Really? Think about this. If you didn't sell four layers of Microsoft that was 6X, take a step back, sit down with your dad or your mom or your wife, and say, "What am I doing?" Because you're doing something wrong.
Today, JPM 0.00%↑ is up. The bank, this is really strange because the number is average at best, a huge $2.8 billion per loss. And then the other banks are off too. So that takes the market up. But then you look at UNH 0.00%↑ , and UNH is a big, big member of SPX, and it's cratering. It's cratering. Okay, so then we see.
Okay, then so the next thing, so we don't know what's going to happen. Got this PPI up or down. So we bought some SPXs just for the heck of it. Nothing big. So interesting, right? TSLA 0.00%↑ collapses. Okay, you can never, ever—I'm telling you, I can tell what position you have if you tweet me or say in the room something. I know what position you have. I can tell. I can tell who's long COIN 0.00%↑ , who's long crypto and thinks crypto should have gone up to 80,000. I know people who think Coinbase is good because they're going to make more money. Because they're not going to make more money. They're not going to make more money. Coinbase is not—it's complete shit guys, would you go—and there are people that do this—would you go find a bank online that says, "Open an account," and then you go wire them a million dollars, and they don't put it into your account for four days?
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Now, I don't know about you, but if I wire somebody 50 bucks, I'm pissed off that it's not there, let alone a million dollars. We sent messages after we wired some money to Coinbase way back when it wasn't even a lot. And it doesn't get put into your account. They don't even send you a thing that we got your money. You don't even know where it is, and you don't have a phone number. That was three years ago, I don't know. They may have one now. I don't know. But to just start a business like that. Sam runs a business. My phone number is out there. My name is out there. I mean, think about this. GrayScale, this CEO is a moron, but I understand what he's doing. He's saying all these people, they've invested. Let's say they put in $100,000 in Bitcoin, and it's worth a million. We're going to charge them 3%. So when they sell, we're going to charge them 30,000. Then when everybody pulls their money out, our company's going to go broke, and we're gone because nobody's going to buy. Nobody's buying into that thing. Nobody's putting any money into that. If you put money into that, you're an idiot. If anybody puts your money into that, I mean, that's just financial injustice. Just stupid. If you can buy Bitcoin at—think about it Coinbase charges you 3%. So if you buy two Bitcoin, let's say it's $50,000. So you're going to go pay $3,000 to buy and $3,000 to sell it. If you go put it into an ETF, you're going to put in 0.25%. So you're going to pay 250 bucks. $3,000 versus $250. Guys, be smart. Be smart. Coinbase makes no money. All these people, custodian. Do you know how custodians make their money? There's no money in custodianship. They don't make anything, barely. They don't even cover their costs. You know how they make money? They use your money. If Fidelity is a custodian for, say, GOOGL 0.00%↑ , and all their employees have all their IRA that at Fidelity, Fidelity pays you less interest. That's how they make their money. They don't make no money from custodianship. So if you're out there saying, "Oh my God, they're going to make so much money on custodian," you really don't understand the business. Okay, get smarter. Feel free to ask me questions below.
NFLX 0.00%↑ got to upgrade to 600 today. And then we see.
TSLA 0.00%↑ . So I posted out there said, "Tesla is going to close their factory." Okay, so that means they're going to sell fewer cars. They're going to make fewer cars. So their number is already bad, and it's January for the year. Okay, very simple. So they said, "Well, it's because of this Red Sea."Okay, so what happens if they have another problem after the first delivery? And let's say a war happens or something, and the plant can't open, and you're down for three months. If you're down for three months, Tesla is at 150. Their margins are done. Their year is done. They're losing money.
What's PPI? SPX. It got better. Market got better. Up 9. It is 0.2% That's what they're expecting. Thanks. Okay, so interesting. Interesting. So then we see. Let's see if MSFT 0.00%↑ goes back to 391. We're sitting there. We like it. Tesla is a short. They have not had one good news event.
Okay, you want to see if SMCI gets to 356. You want Microsoft 388, 391. Okay, PPI is fine. That's what we thought. We thought it'd come in line.
Okay, -0.1% for December. Now that's a positive. Maybe we run on this one. Maybe we go way, way up. Let me look at what JP Morgan did. JP Morgan way better. Okay, so the banks, they're acting better. That's good. That tells you if JP Morgan closes here, we're going to go buy GS 0.00%↑ . Okay, that's what we know. That's what we know. That's what we know.
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Stocks go up, stocks go down.
Okay, hope you got the speech. SELL YOUR STUFF. Microsoft 385 are going to open at $2. They're going to be a double plus.
Okay. Okay. Good morning. Good morning. 1/12.
Stocks go up, stocks go down.
Then we see, then we see.
PPI is very good. That implies the market can go up if it gets going. Okay. It gets going. 4,800, 4818 downside, 4750. We bought some puts just in case. Okay. No big deal. You buy some and you're okay. If it goes the other way, it's a hedge.
AVGO 0.00%↑ , look at it fly, man. If Broadcom takes out 1122, it's got 1150. Whoa, do we catch a 1 to 20?
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