Stock Market Fear Growing — It's About To Get Worse...

[00:00:00] Ricky: happy friday what's going on guys it's ricky with a quick market update just wanted to make sure that you guys were aware there are some developments that's happening in the middle east driving some uncertainty in the market so following the uae's nationwide missile threat it seems like there has been explosions that have been heard minutes ago in dubai so supposedly there has been reports that at least one vessel has been hit near the strait of hermuz and this is after an initial hit that the irgc had against a singapore flagged cargo ship so again it's not like the market really cares about this but i just want to make sure that you guys were aware with that being said there was also a development when it comes down to did you guys hear that open ai who was supposed to ipo this year is now pushing it back until 2027. now we were talking about it in today's live trading session i can make a whole video about it but i think one of two things first sam can see that the spacex ipo was not incredibly successful yeah it still supports an irrational valuation but not to the degree or the extent that they probably wanted it the second thing is could it be an ego thing he wants a bigger ipo than spacex and knowing how much of spacex has already taken maybe it's not the smartest thing to do it right after but if he waits and then market sentiment really turns bad and if i and if open ai is in a position where they might need money later down the road could that even be a worse time to ipo again we'll see but it seems like market sentiment did not like that open ai was pushing back its ipo and the reason why is that again there's a lot of market volatility a lot of uncertainty you guys let me know down in the comments section what you think but are you noticing more willingness to sell off i feel like in the past two weeks we have seen more willingness willingness to sell off than in the past 10 weeks right the market doesn't seem as resilient it's still incredibly bullish right and it's still bullish overall it's still building an ascending support we have not broken the support at 700 nasdaq and s p 500 are still incredibly bullish with that being said we have a big gap down and if market sentiment can turn negative enough can we break that support and really begin to sell off the part that excites me most about this is that if overall markets begin to drop think about this bitcoin's already down 50 percent mstr is already down 81 all these stocks that are already down a significant amount it's only going to get worse for them if overall markets begin to drop remember it's an incubator effect and the more that they drop the more those individual stocks will drop because again those stocks individually are probably more speculative with that being said again i wanted to show you guys this interview i just it's insane to me right a lot of you guys know michael sailor and his company microstrategy is completely just falling apart right now and i think it's really important to see his tone again he's so arrogant and you guys let me know down in the comments section what you think [00:03:03] Speaker 2: right i mean that's the engineering i give you the upside you have no downside and i pay you a dividend while you wait to get rich okay which is [00:03:17] Ricky: so he was being asked the question about what is the potential risk about investing in mstr or an strc what do you mean there's no downside strc investors are panicking right now str investors are down over 25 at one point strc today alone hit lows of what was it 71.25 now fortunately it's trading at 75 so now it's only down 25 but think about that remember strc is supposed to be trading at a hundred dollars you're supposed to be able to put money in it it stay at a hundred dollars and you get paid 11.5 percent interest that is how he designed this and if you guys noticed or watched the video he openly stated that he created this vehicle or strc with chat gpt yes now it's falling apart it's breaking now it's trading below 30 percent of what it's supposed to but those investors were supposed to make 11.5 percent and not lose any money now they're down 30 percent and still don't have their 11.5 percent it's absolutely insane and again we're going full circle right last time forbes announced this and again it was the fall guy sam bankman freed that led the last crypto crash and it looks like michael sailor is leading it this time again i'm so excited to continue to pay attention to the development of micro strategy some people think and again i i can see that oh wow it looks cheap here it looks like a bargain no think about this it is only likely to get worse for micro strategy the company is a failing business look into it through and through it loses hundreds of millions of dollars we've talked about that but nothing that michael sailor has done with micro strategy is special any ceo any person that runs a publicly traded company could have done the same thing think about this your business is so terrible that you resort to shoot we're losing too much money i'm just going to start borrowing against our shareholders and buying bitcoin and try to run off of that hype i'm going to continue to dilute our investors borrow against them at zero percent interest and just buy bitcoin again i don't believe in bitcoin but i believe in your right to buy and own bitcoin with that being said why would you ever invest in micro strategy all you're doing is getting diluted he literally has done nothing he's provided no value in any way mstr investors are down strc investors are down he doesn't do anything for microstrategy the business loses money there is no value from michael sailor he simply buys bitcoin using your money and the only reason he's able to do this is because he runs a publicly traded company again it's a ticking time bomb for this person to be thrown in jail when you think about all these successful ceos or very smart individuals they've done something elon he's done something even alex carp with palantir he's done something there's valley right jensen he's pioneering the way for these very powerful um ai chips right they're all of them run very successful businesses and maybe even in the beginning they might not be very successful but they're trying and there's effort there and there's value there and they're growing what is micro strategy growing buying more bitcoin ricky yeah with your money literally nothing special that's the part that's like when people try to perceive him as oh he's a genius you just don't understand him understand him for what his failing business or that he uses your money that he doesn't have to pay you any interest on when he borrows against you to buy bitcoin it's it's insane to me how people will try to defend them yet they're down over 50 on their holdings again i'm not pro bitcoin but there's no question that i would rather buy bitcoin than buy micro strategy again one of our biggest trades today was trading micro uh micron technologies i went long i went short i've been trading the heck out of this in today's live trading session with the lpp team originally we went short multiple times during this consolidation phase then as it began to gap up went short again covered then went long and then now short again i'm up 17k on the day again i trade live every morning you don't have to join if you don't um are not familiar with my youtube channel or my trading style but again if you want to check it out you can even watch a previous live session before you actually even end up joining it's the second link in the description down below again all you have to do is head on over to learn plan profit and then to preview the previous live session so you can get a taste of what exactly you're going to experience it's all included there and then on top of that if you want to see exactly what's included it's the step-by-step lesson library that's designed for beginners the daily live sessions and the discord chat it's all included it's a one-time payment lifetime access we provide for you risk to reward ratio calculators how to determine your win rate and then how to determine your edge to actually make money in this market again our goal is simple it's to provide beginners the tools and resources they need to build their edge in this market full of greed again get in get out make that money and bounce taking calculated trades with that being said if you ever have any questions feel free to comment down below i just wanted to make sure that i did my part in keeping you guys up to date with these market updates what's going on in the middle east what's currently injecting you know some markets uncertainty uh with these the concern about open ai and also the increased in prices for microsoft and apple there's a lot going on but remember it's friday let's not over complicate it as of right now nasdaq we don't probably expect any significant move nasdaq is still incredibly bullish it's still an ascending uptrend pattern building its support they have been more bullish than bearish so until it breaks that support it really doesn't make sense to carry shorts over the weekend so everything that is that you see me shorting or talking about we close out our shorts daily because we respect that markets are more bullish and it it's essential to respect the overall trend because again markets can stay irrational longer than we can stay solvent so when in doubt don't be afraid to cash out i'll do my part in keeping you guys up to date especially with this micron short right now i might actually begin to uh just trim a portion of the position actually the position is a little bit bigger than i thought so here it goes i'm going to begin to trim 17.6 k on the day again daily live sessions every morning whenever it is that you're ready to tune on in this is a huge trading day this is not a normal day this is more than twice as much than my biggest day this week so probably four or five times as much as i normally make in a day so very grateful for it very excited for it i normally don't perform the best on fridays but i'm happy to do it and i'm grateful to be in this position i hope to see you on monday for our live session if you have any questions feel free to comment down below like always let's make sure that we end the year on a green note take care team