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(FREE) MORNING CALL w/ @smartertrader
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(FREE) MORNING CALL w/ @smartertrader

Daily PODCAST - 07.08.24
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Okay, good morning, good morning, good morning.

Stocks go up, stocks go down—unreal week. 07/08

What a run. The market is bullish; it doesn't matter what you think, only matters what is. I don't care if you're a bear; I don't care if you're a bull. The semiconductors are running. Tesla ($TSLA) was godlike, and we're going to talk about Tesla to start with.

So, Tesla, 10 points out of the money, 10 points out of the money, always under one, maybe one and a quarter. 20 points out of the money and 25 points out of the money, always 25 cents for the week. Guys, this is recorded, so just play it over and over again. I'm not going to explain it, but you can figure it out. 25 points out of the money, always under a quarter for two months, three months, four months, five months, six months, and all of a sudden, two weeks out, the 250s were $2. Understand it's another week, so probably 60 cents, they're $2.

So, Sam says the premiums are wrong. He loads, he loads, he loads. Two goes to 13; three goes to 35. Godlike. Nobody looking at a chart can figure that out. All you chart guys, you screwed it up because you overthink. Okay, you overthink. Okay, and now you have something that hasn't happened in a while: Apple ($AAPL), Google ($GOOGL), Apple, Google, Amazon ($AMZN), Apple, Google, Amazon, Meta ($META)—all running in tandem. The old-school stuff is running in tandem.

Okay, then we see, then we see, then we see, and now Nvidia ($NVDA) is up a little bit. If Nvidia gets going, it's going to go up. Let me tell you, you got a lot of stupid people coming out, guys coming out and saying, "Let's downgrade Nvidia; they're going to slow down." Guys, you're in the first inning. You're in the first inning. Okay, today, Novo Nordisk ($NVO) is down almost 30. An analyst said the earnings are going to be good, but they're going to guide lower. Interesting, maybe possible. Remember, Salesforce ($CRM) did that.

Then we see, then we see, but we don't care. We just care about Tesla. There's a number on Tesla: 266. Through that is the next wave. Then we see, then we see, then we see. Things that Elon does are very interesting. So, Elon does some stuff that's intriguing. Why would he say anything about Travis Kalanick? Why would he say anything? You don't really need to say anything. Kind of interesting. But he said it, I think, because he doesn't like the guy or there's a problem. Interesting.

Now, there is something that people don't talk about that Sam talks about because Sam's smarter. If you know you can do something on your own—Sam has a website, Sam has his own business, Sam does very well from the business side and the other side. If somebody comes to partner with you, why would you partner with them if you can do it on your own? Right? Why would you do that? So, Uber ($UBER) comes to Elon and says, "Let's do autonomous; we can do it together," and Elon says, "F you, I'm going to do it on my own." Now, I understand it's taken three years. I understand he hasn't fixed it all because Elon is delusional on his dates. We know that. Okay, okay, doesn't matter.

Just like Jim Cramer. I like Cramer. All these people, everybody I know, all you guys hate Cramer. I like Cramer because if Cramer just says one thing all week that makes me $500, $5,000, $10,000, I'm happy. I don't care if he's wrong on everything else; he just needs to say one thing. Same thing with Elon. It doesn't matter if you like Elon or hate Elon. Elon can make you rich. Okay, doesn't matter if you like him or not, doesn't matter if he's lying or not, it doesn't matter. Only matters what is. Okay? And once you get that concept, you become better.

Okay, so interesting day setting up. Does Nvidia go? When does Nvidia go? Corning ($GLW) just came out and talked about all the connectors and all this stuff being different, and there's huge, huge, huge demand. Hold on, hold on a second. My sister is texting me, waking up, asking me about stocks. So there you go. She said, "Should I sell Tesla? I bought it at 200." I said, "No, buy more."

Okay, interesting, interesting, right? So, what's going on now is now Meta's breaking out. So, Meta's going to go. Where does Meta go? Meta's moved a long way. It can go to 515; this can happen today if it really gets legs and goes. Now, it fails all the time. It can go all the way to 561. Now, maybe it breaks and maybe it fails and maybe it goes to zero. Doesn't matter. Okay, concepts you have to learn. If you don't learn this concept, you will fail. You deserve to fail. Your spouse deserves to whip you because you don't understand trading.

Okay, so I post on Friday. Last week, we buy Tesla at 345. We sell it at almost 20 plus. We make $300,000 profit. We also had bought the Tesla 250 contracts and the Tesla 250s at two, they're at 25 now. So, but you make $300,000. So, we have $50,000 in the Tesla 250s. So, either you're going to lose the $50,000, you could sell it, so you subtract that from the 300 and you lose $50,000, so you have $250,000 profit from the Tesla play. Now, we had other Tesla plays, and they worked too. We sell those, or Tesla continues to rocket, we sell them at 15, 20, 25, 30, make another $500,000, $700,000, whatever.

And a guy posts, "Oh, you're going to lose $50,000." If you think in your mindset, I mean, I'm telling you right now, if this is you, you should immediately stop trading. You should give all your money to your ex-wives and say, "I'm an idiot." You need to say this. I'm telling you because until you say this, you won't get better. If you make $300,000 and you put $50,000 in, to say that you lost $50,000, you're an idiot. To say that you are one in one, if somebody says, "Oh, what are your stats? Are you 50%? You're one in one," you're an idiot. You're up $250,000. I'm telling you this concept.

Fifty percent—I'm actually very close on this—50% of the people on Twitter will tell you, "You lost $50,000." You should not follow those 50% of the people; you should block them. Okay? Trading is about net-net. If you don't understand net-net, don't trade. I don't care if you do five trades and four of them are [expletive] and one of them makes you $10,000 and you're up $5,000, you're good for the week. It's that simple. It's that simple.

I'm preaching this because I see people post dumb stuff, and I see people talk about dumb stuff. Sam, Tesla's down today. We're sitting on these; they're not even this week's, they're next week's. They're next week's 2 to 13, and people say, "Well, my Tesla's down." Think about this now. You know, my dad used to think like this, and I straightened him up. Okay? My dad used to say, if you buy something at, say you buy a stock at 50 and it goes to 70, if it goes to 65, he says you lose money because you could have sold it at 70. Well, that doesn't work. That works for you to make 10% the rest of your life and completely fail. You don't make the 100% because if you look at it every day, you can't. Everything doesn't go up every day.

So, if you're going to buy Nvidia, how many times did Nvidia go down from 800 to 750, 720, back to 900, to 850, to 1,000, to 900? How do you ever hold it if you just look at it every day and you whine and cry? Okay, so learn this concept and you can become great. You can become great today. Semis are running, so let's see. Let's see. Okay, let's get started here. SPX is just up a little bit. I mean, it's kind of doing nothing now.

So, you have 5582, got 5600, 5609. Okay, CPI on Thursday. If the CPI is low, are we through 5630? Very possible. Then we see, then we see, then we see. Avago ($AVGO), 1768. Big number. They split next Monday. 176.68. If it gets through 1800, 1809, 1871. Okay, underneath 1691. Nvidia, 128, 131. But here's the thing. If this trades at 132, if it trades at

132—hold on, people texting me, give me a second.

On NATO associated with hurricane rip through Galveston. Wow, not so good. Okay, interesting, interesting. That's sad. Okay, Nvidia, if it trades at 132, it may be ready to go all the way to 150. So, kind of wait. If it gets near 132, I'm going to load up. Okay, not yet. Then we see, then we see. ASML ($ASML) was at 1092 pre-market, it's down to 1082. This one looks very, very strong. I'm hearing that they got a ton of orders from TSM. When do they actually give the numbers? Then we see. Earnings are ridiculous. They're $40 at the money. I mean, kind of crazy, right?

L3Harris Technologies ($LHX), 119. CrowdStrike ($CRWD), 396, then 409. Palo Alto Networks ($PANW) looks better, 346, 372. Meta looks super strong, 351, 366, 515, 566. Google trying to go, 191, 196. It's a hard trade. Apple looks like it wants to go, 231, 239. AMD ($AMD) looks like a ripper, 176, 179, 182, 189. Goldman Sachs ($GS), 371, 471, 479. Carvana ($CVNA), 131, 136. Arm Holdings ($ARM) looks like it wants to go, 188, 192. Coinbase ($COIN) a little bit better, 266. Beast for the last three months. MicroStrategy ($MSTR) just kind of sitting there. Bitcoin was way up, now came down a little bit. Yeah, just kind of wait on it. SMCI ($SMCI) up 12. Can it get through 2882? If it gets to 882 and trades at 909, it will blow your mind. Tesla working a little bit lower. Let it work lower, then it comes back.

Tony Sagami was supposed to be on, did he trash it? Maybe he trashed it. Then we know Nvidia working lower. Let it go lower, all the way down to 751. Then we see. Microsoft ($MSFT) very strong. Okay, comments, questions? Tesla short float since we're going higher. I love Cramer. Net-net, Nvidia upgraded to 190. Meta breakout, and that's what we know.

Everybody have a great trading day. See you in chat, guys. If you haven't signed up, watch the Vegas event. If you want to be a great trader, it's the secrets of premium. It's at vegas.trading.com. It's an additional subscription, but it's that good. If you are lazy and you don't want to watch it, that's okay. But that's the secrets of premium. It's all in there. We're going to raise the price on it in a couple of weeks. If you're already in, you can watch it, and then we see, then we see, then we see. Or you just go sign up for it right now and watch it. It's that good, and then watch it again because you won't understand it the first two times. And then watch it a third time. You won't understand it. It's so simple, but only if you think like Sam and you can become great.

Interesting, interesting. Everybody have a great trading day. Thanks, everyone. See you in chat.

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Discussion about this podcast

FinX Newsletter/Trading Room
SmarterTrading411 Options Trading Podcast
We ride this Wall Street fraud ponzi together. Both long and short side. No bias. Both ways can go. That is the only reason it hits so hard tho…..riding it together. 📐
That is that high I am talking about. 🌹 $SPY $SPX $ES_F