Kick Livestreams/back 2025-10-30 03_34 [1d0c965f-back] 480p

Bouncing. Yeah, I never look at Forex.

GBP/USD tanking.

Damn, it's tanking.

Baoxing

up 60p,

up 70p.

Wow,

Traveling Trader going live in 10 minutes.

Ripping

up

£1.36.

It be bouncing.

At £1.40.

Da da da da, da da da da da da.

Not bouncing.

No, where's the bao sheng?

While Bao is changing.

Come on, Bao.

Whoa.

Yeah,

yeah.

That's a repping

up £1.50,

up £1.62.

Up £2.

Traveling Trader going live in 5 minutes.

See what wisdom he has.

And what was predicted, an absolute reversal in what we thought might might be some minor good news, maybe a little W for Somali. No, Ramsey has suffered a massive, massive loss here today. And we're going to get into that today on The Legal Mindset. We teach you to be your own judge. Of course, I'm Andrew Esquire, American

attorney. This is the fast facts version, the quick and dirty version of the— This is like the Better Call Saul of YouTube, this guy. Latest in legal news. If you like the format, if you like the content, you like the Somali coverage, please make sure to like the video. He's got such a good format because there's so

much legal stuff that he's Stupid streamers get themselves into, and it's like such a hot topic as well because they're big streamers, and he knows all the stuff about law. And support the channel. Really good idea. If you want to support the Somali coverage, support me, get out there and do that. You can head over to my

Ko-fi and support the channel as well. But let's get right into it. Of course, I've got a nice PowerPoint for you to walk you through. Walk you through today's court battle. And once again, this is a battle which he just. Decisively lost. And I was a little on the fence before. We were, uh, looking at some potential

where he might be, uh, getting what he wants, but indeed he did not. So let's get into what happened. Of course, we've got 8 charges, one of which was removed after settlement with Korean streamer Jungman, but we still have all of these charges here, including— damn, he's got 6 guilty charges. What's he got? Obstruction of business 1,

2, 3, 4. Minor offenses 1 and 2. Loud music, twerking on the bus. God, they're gonna give a guy 12 years jail for twerking on a bus. Rotting fish harassment, disrupting bus system, North Korean propaganda, disrupting ride at Lottie World, disrupting bus system, and disrupting 7-Eleven. Really? 12 years for that deepfake count to Bong Bong?

I don't know what this deepfake thing is. Well, they had like an AI video of him banging Bong Bong. She was supposed to go to court, but she's in Australia.

One deepfake count, that's the one he's still fighting as not guilty, but everything else he's pled guilty to, including Minor Offenses Act, obstruction of business, For 7-Eleven, the buses, twice for Korean propaganda, and Lotte World. One of which becomes relevant. His lawyer decided to argue again today. So yes, his lawyer spent 30 minutes trying to argue a

charge that he already pleaded guilty to, folks. I cannot. Repping.

Imagine you're in jail surrounded by murderers and the worst of society, and they're like, "What are you in for?" Oh, I twerked on a bus.

Make this stuff up. This is just give him a fine and kick him out of the country. Of legal trials, and just to be clear, his maximum punishment is still up to twelve years. I still estimate anywhere between one to seven after he's. Sentence. Now we're going to talk about this. It's crazy because that, um, what's his

name, Nampa Nick guy, he was secretly filming sex and selling the videos and he only got 2 years. Johnny Somali could get more than that for twerking on a bus. He may be stuck in Korea indefinitely. So if you count the fact he's been in Korea over a year now, it's going on over a year and it's

going to be way past a year, uh, this is going to be an absolute L for him in terms of his time. So let's talk about what happened today. Today was a trial on October 29th, 2025, where there were 2 witnesses, Hank and Jungman. Now, Bongbong was supposed to be there, the Bongbong, the Korean streamer, uh, and

once again, the deepfakes were made of Jungman and Bongbong, and, uh, she's in Australia and she didn't attend. And the key here is this trial is going to stop until she comes in and testifies. So they're gonna keep dumping this to wait for her as long as it takes. So what happened today, which was very interesting and

why I cut my stream short and why if you just watched my previous videos, my previous streams, that's incomplete information. In fact, I was going kind of in one direction and this is a really big reversal. This is a massive reversal. Uh, so everyone was removed from the courtroom under the judge's orders. The judge did not want

anyone in there during witness testimony. Whether the judge thought that might lead to intimidation of the witness or whatever else, they didn't want anybody in there, so they removed them. And likely today what happened, because they set up the monitor and everything else, based on what we know, they likely showed the deepfake as video evidence and entered

that into evidence officially. So we now have the deepfakes, both of Jungman kissing Hank. That's one of the deepfakes. Once again, kissing is sexual in Korea. So that is a sexual— Who's Jungman? And beyond that, the one, uh, the multiple deepfakes of Bong Bong and Ramsey kissing and doing other sexual things. Uh, so the SCT— now at

first they were said, hey, go home. Uh, you know, everybody go home, we're not letting you back in. Of course, vigilant, my people there. Um, and it tells you was there as well. Uh, they were waiting outside, they didn't leave. And it turns out the judge actually said, you know what, I like you guys, come back in.

The judge actually Wanted them— wanted people to see the end after the witness testimony. So once again, Hank testified, Jungman testified. We don't know the exact details. Traveling Trader Live. So smooth, so thick, so the pack of the Fruits. There's no going back. It's sparking some of the cyclical corners of the market. The housing trade, for instance.

Is important, but it's also baked into the market. I mean, we look at Fed fund futures and again, yeah, 100-125 basis points more of easing, plus the end of QT, which is more, you know, easing of financial conditions. So it's clearly a big part of this. You know, we don't have a lot of data points, but how

are they saying they were tightening when the market ripping the whole time? So when they ease, is it going to tank? And I think we're sitting there today, but it's far second to AI and the developments on the front of the Mag 7 and some of the other players in that space. And Ross, if the market ripped

when it was tightening, imagine what it's going to do when it's easing. Policy going to be for those equity markets?

Maybe, maybe important on the margins. I do think, you know, if Powell were to come out and surprise the market by saying that we're just going to keep letting the balance sheet run and continue quantitative tightening into perpetuity, I think it might be a bit of a shock to equity markets. Seen some stress in short-term funding markets.

I think that's actually the impetus for Powell to maybe pull this, this QT forward into today. But if we're looking out long term as to what matters, I think in addition to tariffs and to how the Federal Reserve reaction function works, we're looking at inflation. I mean, we've seen— he's not even talking. But we've also seen inflation.

What is going on, guys? What is going on? He's talking.

Let me—

all right, that should be better. What is going on, guys?

So Fed announcement coming up in 13 minutes, um, likely going to be a 25 basis point rate cut. We want to hear what Jerome Powell has to say with regards to tightening. Come on, ripping! I want to make £5. So expecting him to— I think the market is expecting him to pause quantitative tightening, um, and

there could be like— I think— excuse me, guys— I think the rate cut is priced in, obviously. But I think the quantitative tightening is not, is not fully priced in. So I think that there could be either a shock or a pleasant surprise depending on what he does with that. Ripping.

12 minutes. Exciting.

Why does he randomly whistle into the mic?

Always the same annoying questions. Here we go. Every single FOMC raging already. Are we gonna go down or up?

Both. It's gonna happen in both directions. There's gonna be a manipulative move and there's gonna be a counter move, and sometimes there's a counter to the counter.

It could go up. No, he's not saying it could go up or down. He's saying he could go up and down or down and up.

Um, 2 PM.

Bye.

2 PM is when the release— when they're going to release. Then there is a half an hour period between 2 PM and 2:30. Then Powell will give his remarks at 2:30. Right, so at 2 PM you're going to see the manipulative move,

and then at 2:30 you'll see another move, and then sometimes there's a counter to that move at 3. Now if we're looking at gamma exposure here—

come on, the S&P 500, right? And this is where dealers are hedged. This is what gamma exposure is. You can see that there's a ceiling at around 6930-ish, right? 6930. We do have some strikes above here, obviously, but this is for today's expiration. Well, we're already above— see, there's a ceiling on the S&P 500 at 6930. That's

where we are now. There's a floor at about 6855. Damn, 6855. 5 seconds away from the big Fed rate decision. Let's get some final thoughts. And Barbara, we're going to start with you here. What exactly would you be watching for, mostly from the press conference at this point and for the Fed? Well, we obviously want to hear

what he's thinking for the future. You know, everybody's expecting the 25 bps cut, but we'll see what he thinks in terms of December and what he thinks in terms of inflation and labor. Those are the 2 key things. And so a lot's going to key off that in terms of where we go. I think for now, the

AI play is strong. You've got huge consumer spending. So we're at the ceiling now with the award-winning Aviva pension. You get the freedom to invest. Have any rate cuts for next year, even because I think earnings look very strong and the guidance has been very strong. Tim, what do you think? Well, I think the lack of clarity

gives the Fed an ability— I mean, Powell could actually really punt on December language, and it doesn't mean he won't give some guy— uh, my inclination is if you've got a 90% priced in on December, I think there's the risk that you could be disappointed. I think over the next couple days, I think bond markets and rates

could give a All right, um, so if you take a look at where we are intraday on the S&P 500, you can see that ripping. Whoa, that 6850 level

is where the new week opening gap was, right? So this right here is Friday, this is Monday, near the floor. This is that— don't you mean the ceiling? This new week opening gap. I would not be surprised, I'll be honest, if we get a move down on the S&P 500 to fill the new week open. Oh, that

would be so nice. Remember, tonight we have Mag 7 earnings, and Thursday we have Mag 7 earnings. Sorry, ripping. Tanking today, then ripping.

Tomorrow. Tomorrow.

So

I think what could happen—

ripping, then tanking, then ripping.

I would like to sweep this high, by the way. I would like to sweep today's high. That would be nice on the S&P 500. And I would like to see manipulation down

to the new week opening gap, maybe a continuation on Thursday, and then Friday rally after all the earnings are out. That's what I'm thinking about.

So ripping, then tanking, then ripping Friday. So If we take a look at— I can't trade on Friday, I meet my girlfriend. Minutes away from the Fed decision, which is going to be a 25 basis point cut. That's not a surprise, but we are going to be waiting on Powell

to give us some more heads up into, uh, December as well as

Why is he sighing? So tomorrow— sorry, tonight we have Meta, Microsoft, Alphabet. Tomorrow night we have Amazon and Apple. Obviously all these other companies too.

It's like he hates streaming. Another thing to note is that the breadth yesterday was horrible. So the S&P 500 made a new high yesterday. But more than 80% of the S&P 500 stocks were down. Yeah, that's what I was saying. You call negative breadth— everything was down or flat, but the market was ripping.

Negative breadth. So I

really would— what I really want to see— I've already spent $250 on the hotel. At 2 PM, I want to see one of these, NQ or ES, take out the high.

Yeah, I want to see a 3-titted woman.

5 minutes.

Lower. If we can get here— 5 minutes to go.

Lunch. I'm Dominic Chewy in for Brian Sullivan today. We are just about— I'll call it less than 5 minutes away until that very key Fed rate. They keep saying breaking news as if they're going to report it early or something, and every time they say breaking news, this clown jumps on and says we're 7 minutes away, we're

5 minutes away. It's not breaking news. We know what time the Fed decision is.

4 minutes, 3 minutes 40 seconds. Come on, rip it!

Ripping yet.

Oh God, so much waiting around. And in terms of stocks today, um, obviously it's FOMC, everything should be taken with a grain of salt, but our ASML position is like $20 away from all-time high. Damn, I was One of the best stocks. I was in ASML like $600. I sold at $700. Is it $1,000 now? $600s, um,

and are very close to doubling our money on this. Damn. Nvidia continuing its rocket here above $207. Palantir new all-time high. What about Bitmain? Why no Bitmain ripping?

Bitmain tanking.

Had a really nice trade on Tesla yesterday, but I think Tesla— wait, yeah, that's where we broke out of.

We are flagging here and I would like to see Tesla head towards $490.

2 minutes until FOMC rate cuts. Just need to get away from the volatility today.

If we get a vol spike, this— well, actually, I'm not going to say that. I was going to say if we get a vol spike, it might be

Trading's going good. Looking to make £50 today.

1 minute 20 seconds.

Imagine he comes out not 0.25%. More basis points. All right, Fed decision in 2 minutes. 1 minute 5 seconds, actually. All right, I'll be right back. I'm gonna keep this on. One second. Where's he going?

He's going off to wag. Closer to 5 more, uh, rate cuts in front of them. All right, now Francis, if we turn towards you, there have been allusions now from both of our guests here on the panel with regard to kind of what other

40 seconds. Why is he gone during the cut? He's gone during the best bit. 30 seconds.

Gonna rip.

Gonna rip like that. 10, 12 seconds.

5 seconds. Oh my God,

1 second.

Here we go.

Rip it. Do you feel constructive about what the economy is doing right now as we head into— rip it. No, this is a what we call stagflation. Nothing's happening. Well, oh, £3.29. I don't know what the Fed's trying to achieve. Take profit triggered. Someone's asking thoughts on shorting Palantir with the current rate cuts in Guys, you really

have to get out of this mindset, man. You really have to get out of this mindset that just took, uh, £3.29. Short it because it's at all-time highs. That's gonna break you. All right, there you go. Interest rates by a quarter point to a new range of— come on, rip it! There were 2 descents on this. The

second one by new Fed Governor— it's not doing anything. First one by Kansas City Fed President Jeff Smith, who wanted no change. So dissents on both sides are kind of a rare occurrence for the Fed. The Federal Reserve announcing it is stopping quantitative tightening or the roll-off of its balance sheet as soon as December. December, stopping tightening.

Treasuries from here on out and mortgage-backed securities on the Fed's balance sheet will now be invested into T-bills. That's a bit of a change. I made £34.77 today so far.

Is that it?

That's rubbish.

Where's the ripping?

August, and again, it said more recent indicators are consistent with these developments. That's another nod to the idea that if it doesn't really have the official data, more recent indicators is what it uses. Inflation, it says, has moved up since earlier this year and remains somewhat elevated, same characterization as September. And there's not much in the way

of forecasting the future path of rates. I believe that'll have to wait for For the press conference from Fed Chair Powell, but again, the Fed cutting by a quarter, two descents on both sides of the of the issue. Rip it.

Look, I timed the bottom perfectly. Look at that. I got in there. Jim, I'm going to start with you first. We showed the charts of the market reaction. Equity markets have been. Relatively stable. Didn't do anything. The curve from the 2-year all the way to the 30 have moved maybe higher by anywhere from what I could see

1 to 3 basis points. This is all about the basis points now at this point. But what stood out to you? Well, where's the ripping? He didn't do anything. So that's a great

Oh no,

delete

stop loss.

Where's the ripping?

7777. Hahaha, man, that would have insta-printed.

I should have had my order set up right here. Um, so the Fed cut rates by a quarter as expected, and they said that they're going to stop quantitative tightening in December. So already announced that They're going to stop quantitative tightening in December. It was ripping that they they said multiple times that because we don't have data

because the the government is shut down. Oh, lost about five pounds. Crazy that they actually ripping.

It's crazy that they actually then made two big decisions, citing. The lack of data, that, that to me makes no sense. He said it will sweep the highs.

That to me makes no sense whatsoever.

They kept saying, and we'll hear Jerome Powell talk about it and answer questions from reporters, but they kept saying that, um, there's no data. Where's the ripping? Unlimited economic data, but then they went ahead and made two huge decisions. It really doesn't make sense to me. So they're going to be on Powell's ass—the reporters that is—getting him

to explain the Fed's rationale there.

But no, within the Fed.

One, uh, dissenter wanting— at least I got rid of my big long— and one dissenter wanting more rate cuts. So go figure. What happened to sweeping the highs? He says sweeping the highs right now because the unemployment rate hasn't broken out, the bottom hasn't fallen out, and inflation, while I would say is still too high, is not

up at that 4 handle. But one of these sides of the The stagflation environment is going to break, and the Fed is not going to have the same luxury middle of 2026 as it does now play both sides of that. Rippen, the descent—you can see we're getting on both sides of the mandate right now. That's a real

call out to that. This equilibrium that we're in is not going to last forever. Our view is that inflation is going to turn out to be the real problem, and heading into 2026, this Fed is not going to have the ability to point fill these boxes. Okay, now can we bounce in? They're going to have to slow

down here when they see inflation rising, bouncing into Q1. Francis, at multiple points over the past few months, we've heard Fed Chair Jerome Powell make public statements to the effect or the tune of that there is no risk-free path going forward with regard to inflation. On the 4-hour, what, there, the floor? So we got the manipulative move

up. Into that area I was targeting.

But you said sweep the highs. It didn't. And

I think the extent of this drop, this first drop, will be

where? Likely Asia low.

What, so it's not going to rip in?

Might get out this long then.

Where's Asia low?

What, there?

Not a whole lot of reaction here from individual

Ripping. Nvidia is still up 3%.

Tesla still flat. TSM still up a percent and a half. Core Weave up 2%. There isn't a ton of change here individually.

Well, it ripped quite high actually. Amazon's still flat, but it reports later.

Uh, come on,

ripping.

Ripping. Why is it not moving?

Why?

Ripping. Let me look at gold real quick. Ripping. The hell? What? Barbell on gold.

Gold mitigated this 4-hour fair value gap. Maybe I'll put it there.

And in general, I think the metals— well, let me look at silver real quick. Metals. What? I got 3x leverage silver.

And I'll get to your questions in a second. For the market, I did note that the probability of a December cut is still very high, but it's not for January. January was still around 45% last I checked. One other thing is, um, All right. Got a couple of final thoughts from you guys. David, for you first. Well,

I think overall it does bring into question whether the Fed cuts quite as aggressively going forward. But, you know, for investors, I think the economy looks fine. It's not really to me a matter of the economy. I just— come on, give me my £5. To be cutting quite so aggressively given where the market is right now. Jim.

All right, let me get to your questions before Powell starts talking. 20 minutes, um, until the conference.

Best price to buy physical gold? I think you Uh, missed the boat.

Ripping.

Give me £5.

Long or shorts? Both. That's what I'm doing, long and short. I'm hot. What is Forex?

Bye. Hi from Dubai, what's going on? All right guys, um, sign up before we get into the, um,

the Fed meeting. I'm doing a live 2-day trading accelerator. Um, you have to sign up, it's free, but you have to sign up to get access to it. First day is going to be options, second day is going to be futures. If you wanted to take your trading to the next level, to start off— who wants to

take the trading to the next level, guys? And you're sick of doing the same thing, make sure you register. It's going to be hours a day. It's absolutely free. If you're watching this on X, it's in the reply to this feed. Come on, rip in. On YouTube, it's the pinned chat.

Ripping so far. A little bit of dislocation here between NQ and ES.

Ripping gold and silver, just barbelling here. It's like right in the middle, look, right in the middle of that candle.

I want to

see data highs get taken.

Yeah, I want to see it too. That week right there on NQ and ES. Yeah, but the Fed is acting really weird, weird here. They claim that inflation Inflation is going up, which it is. They claim that they don't have economic data, which they don't, and yet they're still making

these insane sweeping decisions here. Crazy.

Damn it.

Take the data high. I want to see data high get taken on NQ or ES first,

and then what?

And then short.

Rippen is going to do nothing until the conference.

I can't really cook goudon here because we don't have that thin slice of beef. I went to the butcher to ask for goudon slices and then he just got a roast beef joint and sliced it thin. So it was just like beef ham, but it wasn't even that thin. He tried to cut it as thin as he

could with his knife, but he probably thought, oh, he wants like thin slices of roast beef. No, I want like really thin slices of fatty beef. They just don't understand. Even the butchers here don't understand what gyudon is.

Oh God, tanking.

No ripping. There's a lot of non-stop chatter about Iron.

Um, we already took most of our profits on there. Every time I get what he gets. He's like, I already took profits.

By the time he says that, like, he's up loads on this, it tanks, and then he says, oh, I'm already out.

I could have taken £5 on this.

Uh,

he always talks about taking out data high or data low and it doesn't do it.

Ways to make extra income as a software engineer, and data annotation came up after doing a short qualification a couple days.

That I think is also manipulative here. But this is the ten-year yield back up above four percent. So because we're seeing a rally in yields, likely that's going to translate over to the dollar. Come on, Tank King. Which is going to translate into interim weakness for gold. But I think that that dynamic reverses in a second.

That was rubbish. I was expecting a massive fat rip.

Okay, now can we rip in?

That short from there was so— would have been so fire,

dude. See, he missed this short. I'm always short, that's why I never miss.

Ripping. Yeah, I want NQ or ES to take data high, which is the 2 PM high.

So do I. Bouncing,

bouching,

bouching.

He's got 2,000 viewers. Damn, imagine if he came to Kick.

Damn, imagine 2,000 viewers. Like, I was making 100— what, I was making like $17 an hour. With 100 viewers. Imagine 20x that.

We ripping.

Yeah, I think we, I think we tagged that high. He thinks we sweep the high data high.

Me too.

Yeah, maybe the meat is from the UK, but the way it's sliced, we don't really do that here.

It's like getting steak meat and slicing it really thin. You need that machine. You can't do it with a knife. You need the slicing machine.

And butchers don't know how to do it. They don't know what you're talking about.

No one in the UK eats really thin slices of meat unless it's ham or bacon.

Did he just fart? 2 PM high, guys. Yeah, 2 PM high. Go,

go long then.

Says we go in 2 PM high, but he doesn't go long.

I would have to target higher than 2 PM high.

Powell speaks in 10 minutes.

I want to be out this long.

Oh, he's trying to go long as well.

He's going long. He's doing a trade.

Yeah, it's the only way I'm getting a 2-to-1 risk-reward.

If I take— he's long,

he's up $50.

He's up $60.

He's up $80.

He's down $25. So am I. Oh shit. Uh, we have bearish divergence here. I think he's gonna close out.

He's down $150. We have bearish divergence here. Fuck. I should have seen that. He's down $180.

He's going to close it.

I may get out near breakeven here. Yeah, me too.

Yeah, I don't want to take a full stop here. I should have seen that bearish divergence coming. He just lost like $100 per contract. I think this will sweep one more time first.

I'm putting my stop loss breakeven. It's now or never.

He just lost like $100. Maybe I'll wait until Jerome Powell says good afternoon.

Um, well, yeah, the big stock's largely unchanged here, and he usually has 8 contracts, so he probably lost like nearly $1,000 on that. He's moving individually.

I'm gonna get stopped out. I'm out at 7 pence.

7 minutes until Powell, guys. God, I missed out that £5.

Really annoying. Gold is But he said we were going to sweep the data high. We didn't. Pretty shit FOMC, if you ask me. Yep. I don't think it stays that way. I think we will get some

movement once Powell starts talking.

Six minutes.

Don't close, hold. I don't, I don't want to take a full stop limit here.

Like, what do you think about gold? Nice. Gold looks nice.

Very shiny.

5 minutes.

Thoughts on rate cuts? Cool.

Unexpected. Damn, I wish I took that £5.

What time does Powell speak?

Speak. My mom wants to know. I already told your mom, she's right here. She's sitting right there.

Well,

I still got these 2 longs if it does rip.

4 minutes.

Can you tell my mom too? Damn, bro.

That was a boring FOMC. Uh, Jerome in 4 minutes, guys, as gold trades below $4,000.

Gold tanking.

Bit mine tanking.

Come on, get me back over 800. Wow, the market really hasn't moved today.

Yeah, look how flat it's been.

Maybe I'll put a tiny long here.

Put a tiny long. What futures trading platform am I using with TradingView TraderVape,

just in case.

2 minutes to go.

My hand's all sweaty.

We'll have to watch.

Powell coming. No, wait just a moment here, Steve. We are waiting, as you can see here, 1 minute waiting for Fed Chairman Jerome Powell to take the podium. Take the podium. He's very prompt, by the way, Jerome Powell, because of those podiums right now. So in the minute and 25 or 30 seconds that we have left, Steve,

I'll give you a final word here. What exactly would you be wanting to listen to? Ripping. Where's Powell? A lot of these press conferences are checking the box, right? So Chair Powell is very good at playing it down straight down the middle of the fairway. I don't think he's going to tip his hand. I think he's going

to say this was an insurance cut, and those will be the next insurance cuts based on trying to save the jobs market. I will leave you with this, and then I'll let Richard close it out. Up eight pence. Like the Fed is on time in making decisions, they're late. On time is late in the Fed policy world

due to. The long and variable lags. So if it feels early to you to be cutting rates, he's probably on time. All right. So we've got a little balance here. Richard, I'll give you the final word. Your final thoughts before eight seconds. Remember monetary policy. We used to think give him eight seconds to talk. Time's up. But

there is a variable. Shut up! Where's Powell? Rate of time. That it takes for these decisions to actually hit the economy. The markets react almost instantaneously, right or wrong. But I thought that was a very good point, and we're just going to have to see how he handles himself here and what he says. And I expect him

to be cautious. And come on, shut up! Where's Powell? I'll say is this: no Fed chairman has communicated this constantly with the marketplace. Remember, Volcker said nothing. Greenspan talked, but we couldn't understand what he was saying. He was just a And it was only every quarter that you might have gotten, or sometimes only twice a year, from

previous chairman. Let's give Jay Powell credit. After every single meeting he meets, he also is open when he— I can't hear him speaking. They just cut him off as we speak. He's here. Jay Powell. Good afternoon. Good afternoon. Is he going to say short life? Why does he always say that? For the

benefit of the American people. Although some important federal government data have been delayed due to the shutdown, the public and private sector data that have remained available suggest that the outlook for employment has not changed much since our meeting in September. Conditions in the labor market appear to be gradually cooling, and inflation remains somewhat elevated. In support

of our goals and in light of the balance of risks to employment and inflation, today the Federal Open Market Committee decided to lower our policy interest rate by a quarter percentage point. We also decided to conclude the reduction of our aggregate securities holdings as of December 1st. I will have more to say about monetary policy after briefly

reviewing economic developments.

Available indicators suggest that economic— Who says I paid $100 to him?

I paid $200.

Than expected, primarily reflecting stronger consumer spending. Business investment in equipment and tangibles has come on a bit, while activity in the housing sector remains weak. The shutdown of the federal government will weigh on economic activity while it persists, but these effects should reverse after the shutdown ends. In the labor market, the unemployment rate remained relatively low through

August. Job gains have slowed significantly since earlier in the year. A good part of the slowing likely reflects a decline in the growth of the labor force due to lower immigration and labor force participation, though labor demand has clearly softened as well. Ripping. Although official employment data for September are delayed, ripping evidence suggests that ripping and hiring

remains low, and that both households' perceptions of job availability and firms' perceptions of hiring difficulty continue to decline. In this less dynamic and somewhat softer labor market, the downside risks to employment appear to have risen in recent months. Inflation has eased significantly from its highs in mid-2022 but remains somewhat ripping.

Whoa, fucking hell!

Oh, scared the crap out of me. Oh God, girlfriend text me.

Ripping! Give me £4. Disinflation appears to be continuing for services. Near-term measures of inflation expectations have moved up on balance over the course of this year on news about tariffs, as reflected in both market and survey-based measures. Beyond the next year or two or so, however, most measures of longer-term expectations remain consistent with our 2%. God, it's

hot in here.

Rippen. I don't know if I want to tell her that I trade.

Does she think all my income comes from delivery driving?

I don't really want to bring it up. I brought it up a tiny bit, but she wasn't interested at all. She asked me if I could do any job I wanted, and I said I'd be an investor. She didn't say anything.

She's like, oh.

Tanken.

Upside and risks to employment to the downside. A challenging situation. There is no risk-free path. You gotta wait until he does the Q&A. Oh shit,

while— no, where you going? What?

Down £6.

What? Oh God.

Oh God.

This must be the manipulative move.

Was that my short? That's my short down there.

Jesus, oh fuck, Travelling Trader missed his short again.

Damn, down £7.

Why did it just tank? I think it took liquidity from the data high.

Get out of longs. Too late now. Plan has been to stop balance sheet runoff when reserves are somewhat above the level we judge consistent with ample reserve conditions. Signs have clearly emerged that we have reached that standard. Good thing I only took out 10 units. I'll get out this short though. If it tanks down here, I'll get

out this short.

In addition, the effective federal funds rate has begun to move up relative to the rate of interest on reserve balances. This must be the manipulative move. To see that the size of our balance sheet declined and warrant today's decision to cease runoff. Over the three and a half years that we've been shrinking our balance sheet, our securities

holdings have declined by two point two trillion dollars as a share of nominal GDP. Our balance sheet has fallen from 35% to about 21%. In December, we'll enter the next phase of our normalization plans by holding the size of our balance sheet steady for a time while reserve balances continue to move gradually lower. I want to go

along. Non-reserve liabilities such as currency keep growing. Where's the bounce? Agency securities to run off our balance sheet and we'll reinvest the proceeds from those securities in Treasury bonds. Furthering progress toward a portfolio consisting primarily of Treasury securities. This reinvestment strategy will also help move the weighted average maturity of our portfolio closer to that of the outstanding

stock of Treasury securities. Go along. The normalization of the composition of our balance sheet. Ah, fuck. The Fed has been assigned two goals for monetary policy: maximum employment and stable price. Oh no. Maximum employment, bringing our inflation sustainably to our 2% goal, and keeping longer-term inflation expectations well anchored. Our success in delivering on these goals matters to

all Americans. We understand that our actions affect communities, families, and businesses across the country. I shouldn't have gone long. In service to our public mission, we at the Fed will rip it. Maximum employment and price stability goals. Thank you. I look forward to your questions. Question time.

Now it's going to

rip.

Rip now? Well, as I just mentioned, a further reduction in the policy rate.

Tanking. I want to

get out of this short. Tanking.

Oh, stupid ads.

Come on, get me out this short. That you've taken out enough insurance? Are you looking for some kind of improvement in the outlook, or could this unfold along the lines of last year where you made a sequence of adjustments and then waited to gather more information? So the way we have been thinking— well, I've been thinking about

it is the risks to the 2 goals for a very long time, the Get me out the short.

You push it. This short, get me out.

Come back. No, no.

Restrictive level needed to move more in the direction over time of neutral. If the two goals are sort of equally at risk, then you ought to be at neutral because one of them's calling for you to hike and one of them's calling for you to cut. So if that if that got back into balance, then you'd want

to be roughly. So in that sense, it was a risk management, and I would say the same about today. Damn! Sort of the same logic. But as I mentioned, going forward, this Damn, look at that.

Beautiful.

Come on, get me out this short.

Come on.

Tank it.

Imagine it tanks all this. I don't get out my short. Go long.

I would just point out that we have— it's just in case I don't get out my short. To the upside for inflation and to the downside for employment. Come on, I'm so close to getting out this short. Both of those, you can't address both those at once. You've got a very different situation. So thank you. Some people,

people have different forecasts, right? So they'll, they'll— thank you. They'll forecast faster or slower progress on one or the other, and they also have different levels of risk aversion. And, you know, people Some will be more averse to inflation overruns. I might just close it manually. And so you put that together, and as you can see from

the SEP and from the public discussion that goes on between the meetings when participants go out and talk, they're very disparate views, and they were reflected in strongly differing views in today's meeting. As I pointed out, when he says differentiating Views. It tanks. Come on, tank. We don't make decisions in advance, but this is— I'm saying something

in addition here is that it's not— it's not to be seen as a foregone conclusion. In fact, far from it. Can I just ask a quick follow-up on QT? How much of the tank depressions we've seen in money markets are related to the US Treasury issue of For fuck's sake, no! The reality is we've seen, you know,

no, come back! Higher repo rates and federal funds rate moving up, these are the very things that we see, that we, that we look for. We actually have a— no, no, no, where you going?

Oh my God,

I was so close to getting out this short. I don't want to take the £10 hit.

Come on, come back.

Yeah,

yeah.

Yeah, yeah, yeah.

Ready as we thought about it to go ahead with this and announce effective— I'm closing it. Fuck it, I can't. That is just— I got to get out some of these shorts. Markets a little bit of time to adapt. What was that then? I think it's a £4 loss.

It was a £5.60 loss.

Oh, take that off my profits. Was that £5.60? Even as inflation moves away from the 2% target, seems to be now bounced. He's mounting downside risks to the labor market, but if those don't materialize and the labor market either stabilizes around current employment levels or even starts to strengthen somewhat, nice. How would that change your perception of

how much interest rates need to fall from here, would you then be a bit more concerned about underlying inflation and the possibility of second-round effects from tariffs? Yeah, I mean, in principle, if you were to see data that suggested the labor market is strengthening or even that it's stabilizing.

So right after Powell said that he doesn't see December cuts being a foregone conclusion, we saw that drop. We did not take data high yet. This right here— we did. 3. Like I said, I think we, we are down to that gap on ES, um, also supported by the fact that have some support at 6850 here. Oh,

that gap, right? That's miles away. SPX, uh, 6850 is around where we are right now on ES, um, because it's not a 1-to-1. So I do expect to see a Move up potentially. What, now or later? Out that 2 PM high. I really would have liked to tag this new week opening. Should I take £2?

We did get close enough. Yeah, NQ is a lot stronger. Um.

So what, we're gonna go back up there?

Stop clicking into the mic. Why does he do that?

He needs to stop whistling and clicking in the mic.

I got one of my shorts out at least. £5 loss.

So I can now short again with 0.10 units.

Are we gonna rip him?

I think there's a potential long scalp on

gold. Now that we tagged Asia Low— that was Asia Low. Oh,

that was Asia Low.

I think that was Asia Low.

Tankin' again. I don't mind if it tanks. I got loads of longs in the back. I can go another 40 units long.

Maybe I get out of this one.

I might take profit on that long,

make back some of what I lost from that. I had to get out that short.

Okay, £3.52 profit. Nice.

Because he's saying we could tag that gap, but I know he says a lot of stuff, doesn't he? He's wrong like half the time. Sometime next year so that the balance sheet doesn't shrink as a percent of GDP and become a tightening factor. So you're right, the place we'll be on December 1st is that the size of

the balance sheet is frozen, and as mortgage-backed securities mature, we'll reinvest

I want this over 1,000. It should be over 1,000.

But not a tremendously long time. We don't know exactly how long, but at a certain point you'll want to start growing. If it goes down there, it'd be over 900 to keep up with, you know, the size of the banking system and the size of the economy. So we'll be adding reserves at a certain point, and that's

the, that's the last point. Even then, we'll be, we'll be, um, we didn't make decisions about this today, but we did talk today about The composition of the balance sheet, and there's a desire that the that the balance sheet be right now. We we're it's it's got a lot more duration than the outstanding. Damn, it's ripping. Treasury

securities, and we want to move to a place where we're closer to that duration. That'll take some time. We haven't made a decision about the. Better text my girlfriend. Should I tell her about the FOMC meeting? Treasuries, and that means. A shorter duration balance sheet. Now, this is something that's going to take a long time and move

very, very gradually. I think we go higher here to take out that 2 deviations, but that's the direction of things.

Janelle Marte with Bloomberg. How are officials interpreting the latest CPI report?

Good thing I closed that short.

To what we look at, which is PCE inflation, but we can still make a pretty good assessment of what that will be when we get PPI. But I think one of them tags that to PPI. So directionally, you know, this right here, this is the manipulation, and we always break it down. Consolidating. That's the manipulation. Okay, so

what are ripping? That's really due to tariffs. I'm going long then. 50% long. Very, very— by the way, the fact that Tesla is just chilling here, that's moving inflation and hasn't run the other side of that. I think Tesla's good for a long— services inflation has been coming down today, expected to continue to come down. Like, if

you look at Tesla a couple years ago, that's the one that just— we kept— sorry guys, if you look at Tesla, this is just a flag here.

We popped out of the flag, but the fact that we're sitting above all these highs and Tesla hasn't really moved, um, regardless of the fuckery today, this gives me more bullish impetus, um, or a more bullish bias, sorry, for Tesla to tag those all-time highs soon. I've only got 0.2 units to go long left if I'm wrong

here.

Ripping. I'm in long, 25, 40, 50 units long. Still like Tesla calls here, multi-day, not, not today, but multi-day calls. Really? To get to that $480, $490 level. Maybe I'll buy some Tesla. Really good. That's a very bullish sign here that Tesla's maintaining regardless of what FOMC is doing.

I could buy one share of Tesla CFDs,

that's 5x leverage.

Ripping. Services inflation. What are some of the things that the Fed could do to address that? And especially when we're seeing potentially labor supply challenges. Sorry, say that again.

I've only got £72 cash on my ISA.

Rip in.

Reflects higher stock prices and financial services that are putted rather than actually paid is a big part of that. But also just, you know, damn, that move was crazy. Good thing I got out that short. Jesus.

I still got loads of shorts though. Look, I got 20 units, 30, 40.

65 units

short. 65 units short, 45 units long. That's where we're going.

Great, thank you. Uh, ripping. A big investment boom in AI infrastructure right now, as you know, and wondering if the existence of such a boom would indicate that rates are not that restrictive after all. I'm scared if that was that was the tanking. That was it. Whoa! Oh my God!

So I don't I don't think that the.

You're right, there's a, there's a lot of data centers being built and other investments being made around the world. Because if that was it for the tanking, I'm fucked. US companies are just investing a lot of resources in thinking about how AI, which will be based on those data centers, run through those data centers, is going to

affect their businesses. So it's a big deal. I don't think that the spending, uh, that it didn't hit the gap, data centers all over the country, is especially interest sensitive. It's based on longer run— it's, you know, longer run assessments that this is an area where there's going to be a lot of investment and that's going to

drive higher productivity and that sort of thing. I don't know how those investments will work out, but I don't think they're particularly interest sensitive compared to some of the other sectors. And then just a quick follow-up. Could you mention that you do have data that you're looking at for inflation and growth in the absence of government data?

Could you give us a sense? I think we know a lot about the jobs data that's out there. Can you give us a sense of what you're looking at to track inflation in the absence of government data? Thank you. So it's a lot of things and it doesn't replace government data. But yeah, you know all of these.

It's, you know, it's tanking. Names, PriceStats, Adobe, and others.

And for wage inflation, there's ADP data. On spending, you're going to ask about spending at some point, you know, there are lots of other things that we look at. But it's, again, it's many, many different sources. And again, including what we get out of the Beige Book, which will be sort of coming out mid-September. Cycle, as always.

And it doesn't, doesn't replace the government data, but it gives us a picture. Again, I think if something material were happening, if there were material developments, I think we would pick that up. I don't think we'll be able to have the very, very granular understanding of the economy while this data is coming out. Now what?

Howard Schneider with Reuters. Thank you. Whoa, ripping. What you said a moment ago about, about the lack— the continued shutdown making it more difficult to make a move in December, uh, that may make you more cautious. To the degree you are relying on private data that isn't the gold standard, or then relying on your own surveys or

the Beige Book, do you worry at some point you're going to have to start making policy by You know, this is a temporary state of affairs, and you know, we're going to do our jobs. We're going to collect. I'd rather it tank again, and I'd be massively down on longs. So let me out of some shorts. I

want to get out these two shorts. Could could affect the the you know the December meeting? I'm not saying it's going to, but yeah, you could imagine that that you know what do you do if what do you do when you're driving? The fog, you slow down. So that, that could or could not— I don't, I don't

know how that's going to play into things. Um, we may get the data, may come back, but there's a, there's a possibility that it would make sense to be more cautious about moving. I'm not— again, I'm not debating that. I'm just saying it's certainly a possibility that you would— I can afford one share of Tesla. Can't see.

So let's— as a follow-up in the debate on this meeting, uh, we We saw recently some pretty big layoff announcements coming from Amazon and others. Wondering if that figured into the discussion at all, that you're starting to see the turn— this tension between growth and employment starting to be resolved, you know, to the detriment of employment. And

secondly, some of the stresses starting to appear in the bottom spur of the K, as they call it— household health premiums that are going to be possibly

Stalling out.

Damn, I was at 850, wasn't I?

What it can do. So we're watching that very carefully. And, you know, yes, it could absolutely have implications for job creation. We don't really see it in the initial claims data yet. Now, it's not a surprise that we don't. It takes some time for it to grip in. We're watching that really carefully. But again, don't see it

yet in the initial claims data. On the K-shaped economy thing, I would say the same thing or similar thing. We are, uh, if you listen to the earnings calls or the reports of, you know, big public consumers, that tanking was crazy. Many of them are saying that there's a bifurcated economy there and that consumers at the lower

end are struggling and buying less and shifting to lower-cost products, but that at the top people are spending at the higher end with income and wealth. And there's— so much, much anecdotal data on that. And so we can't— Thank you again.

So— Thank you.

Edward Lawrence with Fox Business. So, Mr. Chairman, I want to take another crack at the— at The further reduction in rates is not a foregone conclusion. So December said far from it. So if a cut might not be on the table for December because of lack of data, what else might stem from?

So it's not lack of data as the reason December is not a foregone conclusion. What other things could be? PNL. Well, the perspectives of people on the committee. P&L's at 1887. I'd like to, like to get it to 1700s. That range between 3 and 4 where most estimates of, many estimates of the neutral rate live in that

3 to 4%. You're there now. You're above the median number for the committee, but I think there are people on the committee who have higher estimates of the neutral rate, and that's a, you know, you can argue

I could buy one share of Tesla.

Tanking whole.

Ordinarily, the labor market is a better indicator of the momentum of the economy than the spending data. That's the lore. In this case, that gives a more downbeat read. So people just have, you know, they're— again, we've cut 50 more basis points in the last 2 meetings, and there's a sense that 480 from some— let's, let's, let's

pause here kind of thing. And a sense Damn, where's 480? Or up there? That's why I say differing views, strongly differing views. That's a 4% move. So 5x, like 20% move. More important in this division, is it inflation risks? Is it employment risk? Or is there a deeper philosophy division among the board? Look, everybody on the committee

is deeply committed to doing the right thing. The committee is committed. And stable prices. You have differences on how to do that, and as I mentioned, some of that is different forecasts, but a lot of it is also different risk aversions to the different variables, which is common through you know through all federal reserves. They're tanking. Tanking.

Let's say so that leads you to. I'm so scared.

What was that? 2 more times. And, uh, you know, we're now— we're 150 basis points closer to neutral, wherever that may be, than we were a year ago. Are we tanking again? There's a growing chorus now of feeling like maybe this is where we should at least wait a cycle. Damn, if it tanked down to there, I'd

be golden. Again, you've seen it in, in the, uh, the September summary economic projection. You've seen this in the public remarks of FOMC participants. And now I'm telling you that's what— that's what you can expect out of the minutes. And I'm just telling you that's what happened in the meeting. Thank you. Thank you so much. Elizabeth Foley

with ABC News. What is your explanation for why the job market is weakening right now? And what will this rate cut do to improve the job market?

I think the— there are 2 things affecting the job market, and one of them is just a dramatic reduction in the supply of new workers. So, and that's 2 things. That's declining labor force participation, which is a cyclical thing, and then there's declining immigration, which is just a big policy change that actually began in the last administration.

And it has been accelerated now. So a big part of the whole story is that supply side story. Okay. In addition, labor demand has declined. And, you know, so the labor, the unemployment rate has gone down, meaning that demand for workers has gone down a little more than supply. Ripping. That's, that's what's going on. But it is

mostly a supply function. You know, it's mostly a function of the change in supply. I think, and many people think. So the question then is, what does, what does the, um, you know, our tool do which supports demand? Our tool. So, and I would just say, when you're, when you're in a situation where job, job creation, if

you adjust for likely overcounting in the way that BLS does its work, is pretty close to zero. So maximum Ripping. If it's, if you're making, creating zero jobs, if it's in equilibrium, if it's, if it's in balance, it's a pretty, as I, as I said before, pretty curious balance. So, you know, I thought, and many of my

colleagues thought, in fact, you've seen the last 2 meetings, that it was appropriate for us to react by supporting demand with our— oh, look at the VIX. And we've done that. We've reduced so that rates are looser. I wouldn't say that they're accommodative right now, but they're meaningfully less tight than they were. And that should help so

that at least the labor market doesn't get worse. So it's a complicated situation, and some people argue that this is supply and we really can't affect it much with our tools. But others argue, as I do, that there is an effect from demand and that We should use our tools to support the labor market when we see

this happening. You also talked about tariffs causing a one-time price increase. Should American households, consumers expect that inflation will continue to go up this year because of those tariffs? My shorts are still down, still down hundreds. There will be some additional increase inflation because it takes a while for tariffs to work their way through the, through the

Production chain ripping finally into consumers. And we see this now from the, from the tariffs that were put in place now many months ago. We see those effects. But if you put tariffs in effect, they've been coming into effect consistently in, you know, February, March, April, May, and that's all happening. So that'll continue to happen for some

time, probably into the spring. These are not big increases though. These are a tenth or so on inflation. People just got all in long now. Product that's been tariffed, but overall these are fairly modest. I think you know some projections go over 2.8 percent inflation. You might get two or three more tenths or four more tenths maybe.

But then as as all the tariffs. If I leave those shorts open, the market rips hard again. I'll be back into seven hundreds. At least this is the theory. This is how we believe and hope that it will work out once the once the last tariff is. Is put on something, at that point it becomes, it becomes

a higher price level, but it stops going up, if you will. Prices stop going up, they'll just be at that level, and then measured inflation will come back down to non-tariff inflation. As I mentioned, non-tariff— I'm still way too heavy in shorts. Consumers are not interested in that story. Their, their prices are higher. More than that, The

reason they're so unhappy about inflation is the inflation that we had in 2021, 2022, and 2023. Because, you know, I'm going all in long. I'm all in long. Feeling those higher prices from the inflation. 100% in long. 2 or 3 years ago they are. Now market ripping won't make my account balance go down. Still very much making

people quite unhappy. Even, you know, And it's nice that, you know, that prices are not going up as fast as they were, but they're still much higher than they were. And it'll take some time for that effect to wear off as real— I'm trying to trade, it's done nothing. So it looks like that, as a matter of

fact, was a manipulative move. And I'm looking for a move back up towards that 2 PM high.

It looks like there is— we bounced off of that, uh, on SPX. If you look, it looks like we bounced off of that 6850 level, and there is, um, the next biggest gamma exposure is at 6915. 6915 on SPX put us

Around his chart's different to mine. AM high was so on ES

we're way above. Oh, we're at 69.15 now for me.

Around 69.46.

Um. So that's why I was interested in, in a long here. Now obviously that's not guaranteed just because you have gamma there, but based

on— can I keep my account above 800? Where we manipulated to

See that my account goes up now when it goes up. I still would have liked ES to tag that new week opening gap.

The fact that it didn't— look at all my take profits. A little precarious, but boom, like that. Again, this is when the Fed's announcement was released,

then Jerome talks, so So this is likely the, the move back up. So I want to take profits at that 2 PM,

um, at that 2 PM high or close to that 2 PM high. But we are seeing a bit of weakness here. Look at all my lungs.

I could put my stop to break even, which I guess makes sense.

We're in power hour. Would I really want to take it again? I want to see strength in this move back up.

Do you think that was the only tank to get out my shorts and I only took out one short?

I'm heavy long. Look at all my longs. I could take profit at £15.

Add more shorts, no way. And you know, there is Mag— there are Mag 7 earnings tonight. So I don't want to sell call spreads, to be honest.

With that said, if we didn't have Mag 7 earnings tonight, then once we got— if we do get to that 2 PM high, I would sell call spreads expiring tomorrow.

Come on, rip! Why are you trading through TOS?

Why not? What time frame is this? Uh, this chart here is 5 minutes.

Is the fun over? Did Powell stop speaking? I'm still a little suspicious that we did not take this gap. So maybe we'll take the gap. Easily see a move here. Maybe I short where we reject

off this. If you take a look at the just zoom out a bit where we reject off this to come down to this gap. Really thinks we can go down to that gap. Before addressing

the 2 PM highs, uh, tomorrow. Tomorrow, that can still happen because look at how untouched this is. We manipulated down, but we did not come into this gap. Flip side, we manipulate, take 2 PM, and then tomorrow We see a continuation down. Does the gap need to be filled? Nothing needs to happen. It's the market.

Wait.

So, his thesis is it could go up or it could go down. Modern is

my entry. We going up or down? Come on. Do something.

Has he stopped speaking, the Powell guy?

All these billion-dollar hedge funds just gambling like I am, just with bigger amounts. I'm already in long gold. Nice. Another gap from Friday.

Um, what are you talking about here?

That is Friday. Friday to— this is Friday to Monday.

It would be insane if it went back to that gap. It'll be a massive tank.

I think Facebook and Amazon report earnings in 44 minutes.

Breaking even here. NQ does look a little stronger than ES,

but yeah, Tesla to me looks super strong. This is one that I might take for tomorrow. Um, I already do have calls

that we took half out on yesterday. I might add to To these Tesla calls, to those same ones that I took yesterday. I wish I could buy some Tesla.

If it tanks hard, I'll get out of more shorts.

It's just my shorts are so far away. Look. Jesus,

tanking.

Maybe I go short.

This could still play. Do I really want to take it with 40 minutes left? Not really. So he didn't do anything.

He didn't do any trades on the most explosive day ever.

Not really, but I do like Tesla here.

It's not moving.

It's a low employment unemployment rate. He's still talking. As you make these cuts, is it the lower income workers that you're thinking about, or those who might have their jobs automated? Is there a particular that we're thinking of a market that you're particularly? So we can't. Our tools don't allow us to target any demographic or any income

level, that kind of thing. I do think that people. You know, we saw this during the global financial crisis and the long recovery. If you have a long period of very strong labor market conditions, it benefits people at the lower end the most. The last 2 or 3 years of that long expansion, people at the lower part

of the income spectrum were getting the biggest benefits. And, you know, lots of things were happening in that space demographically. Which were very constructive. And you know, we're not at that place right now. But so yeah, you know, I mean, a stronger labor market is is the best thing we can do for for the public. Come on,

rip it! It is half of our job, but it is is absolutely do something for people. It's just flat now. Prices stable. Those two things. Look, inflation also hurts people on fixed incomes. Barcoding.

Hi, Chair Powell. Courtney Brown from Axios. As you know, the 12 Reserve Bank presidents' terms are up for renewal at the end of February. I'm wondering if you can give us a timeline for when the Board will consider those reappointments and whether we can expect everyone to be re-upped or if we can expect some changes. So it's

a process that we go through The way the law works is we we have a reappointment process every five years for all of the all of the. Maybe it will do something when he stops talking. We're in the middle of that process, and we're going to complete it in a timely way. And I really that's that's really

all I can say. Okay, thank you. Daniel. Daniel. Daniel Davis, Agence France-Presse. You know that dissent in three. Three consecutive FOMC meetings, but in this meeting you had dissent going in both directions, and you just mentioned their strong disagreement over the future path of rate cuts. Have these disagreements complicated your role presiding over the FOMC meetings? And

if so, how? I wouldn't say that. No, I I think you. It's funny how many British reporters are at the meeting. Not even your country. We have four point three percent.

There's so many British people on the Bloomberg thing as well. It's a good picture, but in terms of our policy, we have upside risks to inflation, downside risks to employment, and this is a very difficult thing for a central bank because, you know, one of those calls for rates to be lower, one calls for rates to be

higher. We can't do both, so we have to balance the two. And so it's a challenging thing. And, you know, as we have worked our way through this process, you would expect that there would be a range of views across the committee on what to do and the speed with which we should do it. And that's what

we have. That makes a lot of sense to me. But mine, that people are, you know, gold tanks work very hard at this and just want to do what's right for the American people. People, but they have different views on what that is. And, you know, it's an honor.

How long is he speaking? Maybe another 8 minutes. Uh, man, ripping.

Yeah, I bet you that, uh, this trade plays out, um, to that 2 PM high. Then why not take a trade? I just, to be honest, I just, I for some reason don't feel like, uh, it doesn't feel like continuing to get, to get back in it. I think as the day ends, like, you will see it

get up there.

Um, not that great of an FOMC for me personally. Yeah, because you didn't do anything. Yeah, for his Discord group, it's been great, guys. Join up.

So shout out to Justin.

Whoa, did you see that spasm? But for me personally,

MCs like that. I don't know,

wasn't really feeling the, the price action here, but this to me

on Tesla looks really strong. So spasming. Oh, you know what I want to look

Iron. So, and for those of you that are just joining now, we're doing a live 2-day trading accelerator for futures and options. You have to register. It's free, but you have to register to get the info to join. It's the— if you're on Twitter or X, It's the reply to this. If you're on YouTube, it's the pinned

chat comment. If it's free, why is he doing it? Maybe he's getting paid from a company to do it.

Oh, it's like a way to get more people on the Discord. Um, yeah, earnings. Let me see something real quick.

Come on, do something. So Meta, Microsoft, Alphabet today, right? Damn, that's a lot of big companies.

Alphabet, Amazon, Meta aftermarket— I mean, after close.

Ripping. So Meta beats expected move 50% of the time. 50% gambling, isn't it? Microsoft

sounds like he's sucking a cock. Why does he make cock sucking sounds into the mic?

Ripping alphabet.

This is the previous demand zone. Is he going to tank here?

So alphabet only beats expected move 42% of the time.

Not enough to trade these, to be honest.

You need something that is asymmetrical, like Apple

only beats expected move 33% of the time.

So tomorrow, whipping,

might do an iron condor. The fuck is an iron condor? An Amazon,

same thing. 33% of the time

it beats the expected move. So an iron condor on Amazon might be it as well. Now,

Yeah, I'm glad I'm not trading this. Um, from a— damn, gold would have just hit that 2 to 1 TP. It might have topped, it might have ticked me though. I'm hungry. Buy a tick pasta soon. I would have been quick enough to catch it. What time is it? Half 7.

Easier to get people to say what they really think. Best case scenario would be a muted move on Amazon,

because if we get a muted move on Amazon, then I think it sets up an easy long to all-time highs to the end of the year. Nice. Um, and same thing with Meta. If we get a muted move on Meta.

Same thing. I think this sets up— now you might be asking, why don't you just long it now? Well, because before earnings, IV is juiced to the tits. So what that means is, um, after earnings, especially if the stock doesn't move, IV tanks, which means the price of options tank, and that's when you want to buy calls.

Come on, rip.

Maybe I go short. Rejected pretty hard off that demand zone.

Yeah, so only thing I'm doing here is doubling up on, on Tesla.

So he's going long Tesla.

I could have booked like $600 per contract on ES. Could have, but didn't. But I wasn't really in it to scalp.

We're going to get to a point where crypto is just coiling so much here that it's going to fucking explode.

Winter. Oh, tanking. This might last another month.

Another month of no movement on Bummer. Bummer.

Tanking.

Nice push on Core Weave here. I think it continues to

To inch higher.

Maybe I'll go short. The VIX has gone up, and even after the Fed's announcement, hasn't really dropped. And it's because of the comments by Powell saying that the December cut is not a guarantee.

So look, it's rejecting off this Bit so much.

Maybe I go short. I got short here.

Fuck off. Sell or hold? No idea who you are. Up short. I'll put my stop loss up there. £2.

Risk £2.

Take profit down there. Oh, maybe my screen did freeze.

I made £10 if it tanks.

Why did it freeze like that?

Tank? No, rip. No tank.

My OBS froze.

Should you streamlabs?

About one pound, long my short. I'm hundred percent long and short. My account is not going to move. Look, this number is not going to move at all. Why did it freeze like that?

God damn it,

when it closes should be spicy. Maybe Facebook misses earnings.

His MacBook froze.

Take off my gains from the long or the short?

Tanking.

Tanken. Traveling Trader didn't do any trades again.

Look, my bicep.

Damn,

big egg.

Whoa.

That should work.

Whoa, maybe Powell stopped speaking.

For now, that should work. I'm not entirely sure why that happened.

Are we tanking into the close?

We're running on Windows 7. It's a Mac, dumb shit.

Same one I bought your mother for Valentine's. Always with the mother jokes. I should upgrade her to the space gray one.

He loves his mum jokes.

25 minutes till close. Tanking or ripping?

He's always wrong. He said it's gonna get the highs. It didn't. The only thing that looks good to me here is a Tesla swing trade. Says it's gonna fill the gap. It didn't.

Says it's gonna go back up and get the highs. It didn't. Is increasing because of what Powell said. Now I wonder if this changed the

trajectory of the Fed funds futures here for December.

Tutorial to explain doing CFDs.

If you think it's going up, you press buy. You think it's gonna go down, you press sell. That's it. You can do paper trading on it. No, still— wait a minute, hold on, this makes no sense. Tanking.

I'm up £3 on my short.

Yeah, so no, I haven't played Arc Raiders. Looks boring. Guaranteed that the Fed was going to cut. Now it's only 60. I still think the Fed will cut, but it all really depends on whether the government— How do you add to the position? Oh, you just press the button again. I do think we are going to touch

that weekly gap below. Well, now he's saying we're going to go down. First he said we're going to go up, now he says we're gonna go down. If it goes up, he's like, yeah guys, we're definitely going up here. And then it tanks and he's like, yeah guys, we're definitely going back to the gap.

And then if it rips again, he'll be like, oh yeah guys, we're definitely going to go to the highs. Um, so, so he doesn't know what it's going to do. With regards to earnings that I'm looking at,

like I said, is a muted move on Meta and a muted move on Amazon, and then I will likely take calls for the end of the year on both of those.

I would like it to go to that gap. Maybe honestly this may be a good short on the VIX for tomorrow. Six percent.

It's not doing anything.

Imagine it goes to the left.

Imagine it can go backwards. That'll be funny.

Not a big pop on you, Vixie. You, Vixie's only— you mama.

What

do you mean shit? They tanked massively and then ripped. I think Iron looks good here too.

But I'm already in a runner's position on iron. Do I want to add? Lost my three pounds.

Could, could add back to iron. If you don't put a stop loss, then you can't get stopped out. Like you see this, you got SL stop loss,

and then you just drag it. Like that to make a stop loss

and then press confirm. These are coming in late.

We gotta check if the open interest increases by the amount of the volume. 21 minutes till close.

Yeah, you just drag out where you want it to be. It's pretty good UI,

very noob-friendly.

I mean, this setup looks okay here on iron, to be honest.

It all just depends on how much you're risked— you, you are in for risk already, how much risk you want to take on here.

Ripping. But I don't like that ES or NQ didn't take that weekly gap.

Yeah, it didn't take the gap. Means there's still a chance it does it tomorrow. It didn't take the highs.

What's AKBR? I wonder if we get a last-second pop on NQ to take out that 2 PM.

I've got 13 positions open.

Can't lose.

I was hoping that we would get up here on silver because I wanted to establish another short.

I've got 13 positions. Look, uh, those, all my longs up here, my shorts down here, all my shorts down here. Google ASML should be the other way around.

All my shorts, all my longs.

Nvidia, obviously.

Do something. Yeah, I think Core looks bullish. Might make a run once again for the 150s in the next couple days.

Iron looks like a decent pullback. What's the goal with you spamming the same message every day? Every 2 minutes. What's your goal,

to get banned?

All right guys, make sure that you sign up for the free 2-day accelerator. I think he's finishing. He didn't do anything and he was wrong about everything. He didn't do anything and he was wrong about everything.

Said we're going to sweep the data high, we didn't. Said Said we're going to fill the gap, didn't.

Now he's saying, oh, tomorrow we'll do it. Yeah, sure it will.

Sure it will.

They did sweep the high, but he said it was gonna sweep it again.

He said it would go like that.

Yeah, I guess that's like a little sweep there,

and then it tanked.

17 minutes.

This week's been wild. Raging, then ripping.

I bet it doesn't go anywhere near that gap. The gap's so far away. Look how far that gap is. He thinks it's gonna go back to that gap.

It hardly ever goes back to these gaps. He's been saying gap, gap, gap, gap, gap since April

and it never does it.

I made £32 today.

Though.

Ripping, ripping. Is he going to be right about this?

Ripping. Wow, bounce right off my box.

I might get rid of this short, break even.

You're green on light strategy? I— oh, me too, 0.6% up.

I don't know if I want to close this short.

If I close the short, means it's going to tank.

13 minutes left.

Stop spamming the same message, for God's sake. I've already seen the message. You don't have to keep spamming it.

Da da da da.

Ripping. 12 minutes market close, and then Facebook, Amazon, and Alphabet earnings.

That will move the market. Wow,

ripping! I've spent 8 hours trading to make £30. I can't believe it. Well,

I had a nap for 1 hour, didn't I? Yeah, but I wasn't trading. I wasn't streaming either.

Ripping. I'm gonna get stopped out my short, a £2.68 loss.

Is he just AFK? Is he—

if he's just— is he just AFK and he's using a bot to spam the same message over and over again? What's the point? Can you imagine him sitting there pressing Ctrl+V and Enter? Like every 2 minutes. Either he's got like a script spamming the same message, or he's sitting there pressing Ctrl+V, cuz he's not answering.

I think he's not even there. Whoa, 278 loss! It just fucking ripped. 278 loss.

Whoa.

Ripping. What happened?

Damn, I only made £29.98 now.

It's not funny, it's mentally ill.

These people need help. Damn, look at my profits on my longs. I could take like £30 profits on these longs. But then if it carries on ripping, this is going back down to 700. That's what I'm scared of.

Damn,

we are ripping. I'm up 30.

I, I did this last time, it ripped, I took profit on all the longs. It carried on ripping with my shorts open.

I'm up £40 on my longs right now.

I'm scared to exit the longs unless it like rips right up here.

Otherwise I'm dropping back down to 700s. I'm putting all my take profits up here. You're not getting my longs. Market will have to rip hard.

Maybe I'll take one profit here at £20.

Damn ripping.

Maybe, um, earnings got leaked.

8 minutes until close.

I'm hungry.

I'm now tanking again.

Well, whether I end the day above 800 depends if I exit the longs or exit the shorts now.

Well, if I just don't exit anything, then it will never move up or down.

6 minutes.

I wouldn't mind taking the £22. On that long.

Exit the shorts.

But I don't want to realize

a £900 loss.

4 minutes. Come on. All this— wait, I want to see the Facebook earnings. Where's Meta gone?

What happened to Meta? Meta?

Mettre tanking.

Tankin'. Swept the highs, now tankin'. Go short again.

Stop loss there,

take profit there.

Swept data high, now we tank.

I got too many things, it's hard to see now.

Had enough of whose monologue?

Why do you need to be banned or timed out to stop watching? And you say I have the addiction.

You're not a mod. You don't have mod powers. The only mod is Beer and Kerry B. That Mariana person might still be a mod, but they haven't tuned in in ages.

Come on, close the market!

Yo,

but my balls keep getting stuck.

Uh,

I'm gonna get stopped out again.

Oh God,

40 seconds, market close.

Facebook might tank it.

15 seconds.

We're spasming.

8 seconds.

Whoa. Ah, stopped out again. -224. Uh, my profits today only— oh, we're

ripping! Whoa, give me that £22!

Where are the earnings at?

Rip it! Give me £22.

Ripping,

ripping!

Ripping, ripping! £22,

£22.15.

I made £50 today.

Uh, I made £49.89.

Now is he going to rip more? There's no way it's going to rip that high and take out all my longs. Okay, come, come up here then. There's no way you're getting up here. No way you're getting up here and wiping out all my longs. I mean, even if you did, I'd make like 100 if it went

up there.

So what did Meta do?

That's it.

That's rubbish.

Oh my God, it's still ripping.

No way it gets up there. That would be insane.

No way you're getting up here. Protect the longs. There's no way you're getting up here. In no way.

Not triggering my take profits.

What's my P&L at?

P&L's

at 1870.

Now tank it.

Let's see what the earnings are.

You've got Amazon

aftermarket 0%.

Alphabet—

where's Alphabet?

Wow, Alphabet up 11% from earnings.

Oh no, it's not. It's up 3%. What?

It's up 3% after market.

And Facebook,

Meta. Well, nothing happened. It's all flat.

What is it, not announced yet or what?

8 PM. Ah, really?

I thought it was after market closes.

Ripping again.

Put my rubbish out soon.

I might put it out when I end the stream actually, and then forget again.

I might buy one share of Tesla.

Traveling Trader said it's good for a call back up to $480.

Tanking.

Whoa.

Tanken. Yeah, one share, but it's 20x leverage. I mean, it's 5x leverage on stocks, so it's like I got five shares really.

It's a tanken.

Was that Meta down 5%? So Meta. Missed earnings. Where's Meta? Whoa, my God! Whoa, Meta, what the fuck? Damn, Meta missed.

Microsoft dumping. What about

Amazon?

Surely Amazon missed because they laid off like 14,000 people.

Gold tanked.

Whoa. Good thing I took profit on that £22.

Damn, look at that, 84% miss on earnings. Jeebus. Meta

down 8%.

Google ripped,

uh, 7%. Guess it hinges on Amazon.

Imagine if Google missed as well. This would have been tanking even more.

Today was fun. Today went so quickly.

Bitmine tank. I'm down £80 on Bitmine.

Iron's down 7%. All my ETFs are off because it's UK market tanking.

Do I have any longs? I can go 23 units long if it does do a mega tank.

Amazon not reported yet.

Uh, Google's selling off. Wow.

Wow, someone's taking profits.

Maybe I'll go long again.

Where's Amazon earnings?

Do you think it will bounce here for Meta?

It seems like it's, um, Google affecting this bouncing.

Apple beats quarterly revenue estimates on strong ad and cloud demand.

It says Meta beats $668 estimate and it beat the $49 billion estimate. Why did it tank then? It beat earnings, Meta, and it still tanked though.

Oh, Amazon is tomorrow.

Maybe I'll put in another long.

I'm at 8:30.

Really got to remember to take the rubbish out in 2 hours.

Well, $16 billion taxes.

I don't even know how they make money. Have you ever spent a single penny on whatever Facebook sells? Like Facebook, the website— oh, it's got ads on it. Okay. And

then they got the VR thing. Barely anyone buys that.

It's crazy how they make so much money but they don't really sell anything.

My mum says you are not online today. Why? I am

live now.

When I don't stream—

I didn't stream for like 2 days because I was with my girlfriend. My mum and sister were like blowing up my phone. Saying, are you okay? Just because I wasn't live.

YouTube channel? What? I haven't streamed on YouTube. I'm on Kick.

Yeah, only been streaming every day on Kick since June. How'd you not notice that?

My mum gonna see me screaming at making 50p.

Yeah, I can stream on both, but then I make less money.

So what we doing, ripping?

Guess it's dead now. Market closed, earnings done.

I made £50 today. I've got my P&L down £50. My P&L is at £1,870 now.

It's still strange to think my sister had a baby.

That's crazy. Makes me feel sad. When he's like 20, about to start his life as an adult, I'm going to be 50.

No, I don't take the money out.

I use it for another trade.

If I had massive profits, like I was up $500, yeah, I'd take a 100 out, but I'm still down loads. I'm still down. My account's still at 530 because I added 300, remember? So if you minus the 300 I added, I'm still at 530.

I've only made back

100. This account should be at 1,130.

Time to detach from

the markets. I'm hooked.

I think I'm hooked, and I get really depressed on the weekend. That's why if I could see my girlfriend on the weekend, it'd be great.

That's why I got so annoyed that she cancelled 2 weekends with me.

My next trade,

I want it to tank so I can get out of these shorts.

Maybe the China deal doesn't happen, and that's only a 2-3% drop. It could drop 3% on bad news with China.

I mean, it's still kind of flat, isn't it?

It's still just in this range with a few spikes.

I don't know if the market's being open every day would make a difference, because wouldn't like Wall Street and the big hedgies still take the weekends off? They're not going to work every single day.

Like, crypto's open every day but doesn't do anything on the weekends because the hedgies aren't working.

They're out with their family and enjoying life.

Tankin'. That's what I want to do. I want to be enjoying life and taking a break on the weekend. That's why I want a girlfriend.

Well, time to detach, make dinner.

Back in 2022, I told my girlfriend that I was a day trader, that I was an investor, because back then I was feeling pretty confident about it. Because I was doing well, but I don't really feel confident about it now, so I don't really feel like I can say I'm an investor.

But yeah, I'd love to be better at it so I can then say that's what I do for a living.

I'm making pasta again. I've got enough for 2 more portions.

Can you hear me? Testing.

Yeah, got to unplug my car and take rubbish out.

Yeah, remember I was talking to this Japanese woman back in 2021? We used to phone every day. We were gonna meet up.

I told her I was an investor. We talked on the phone about it, but then she ghosted me. I think she might have seen my dick pic on Tinder.

I don't know how I matched her on Tinder when I was in— I must have used the global passport thing.

That was before I got banned, and then I put my dick pic. I think when I was in Scotland. I think I was in Scotland.

Yeah, biggest mistake of my life. That was probably one of the biggest mistakes of my life, putting the dick pic.

I don't know why I did that,

and then she ghosted me.

I forgot her name.

I think it was Yoko.

Yoko. Yoko zo.

Time for pasta.

What's my mum saying? Trump in Malaysia. She said, I didn't know he's the world leader. What do you mean?

He's the leader of the most powerful country in the world.

Mansplain to my mum.

He's the leader of the most powerful country in the world.

She said Trump's in Malaysia.

He's going to China.

When's he going to China? Is it Thursday or Friday? I think Friday.

Talk to Xi Jinping

will be big news for the

market.

Meeting now? I thought it was on Friday.

I thought he's in Malaysia now.

Why is he doing like a world tour?

Pasta again.

Show my mom a bolognese.

What a bollocks.

What, what does it say? Consent.

Boils faster in a kettle, maybe,

but it uses more electricity, doesn't it?

Market not doing anything.

Very noisy. Sometimes I want to get plastic plates and bowls so it doesn't make that clanking noise. I hate that clanking noise. Triggers me. Horrible sound. It's like scooping out dog food.

I'll save enough for tomorrow.

Bolognese lasted me the whole week.

Chuck out the bacon. If I'm going back to my mum's house, I've got to eat everything.

Where's the picture of my crumpet?

I've still got those chicken legs as well.

I thought I took a picture of the crumble, but I don't see it.

I thought I took a picture of it.

I don't think I would have taken it on the flip.

Weird. Definitely thought I took a picture.

Oh, I did, but that was like the ugly one. I didn't take a picture of the new one.

Mixing tomato with minced beef. Tomato and beef go so well together. That's why pot noodle beef and tomato is such a great dish.

Market's completely flat if you look at it zoomed out.

Must be waiting for the China news.

Rubbish day is tomorrow.

I've got 4 bags, 5 bags of rubbish. It's a month of rubbish. I haven't put that rubbish— I think was from— was it before Or after I went to my mum's last time.

Takes like 5 minutes to heat up that water.

Five bags of rubbish. There's a rotting vindaloo in there somewhere. There's this. That's coal, coal, coal, coal, coal, coal, coal, coal. I'm a coal, coal,

coal. Market not doing anything.

Cococo coco, cococo coco. You know what they should do? They should make a really tall chimney that goes into space and then have massive furnace where they just burn all the rubbish and the smoke just goes out into space. That way you don't pollute the planet and the smoke would just disappear into space, wouldn't it? Since there's

no atmosphere.

Just imagine like really tall chimneys sticking out into space.

Why don't they just like inflate a massive balloon for all the smoke to go into and they float it up into the atmosphere?

Why don't they just put like a rope from the space station and grabs the big balloon and then pops it in space? Oh, you can burn all the rubbish and you don't pollute the earth with the smoke.

Genius.

That Neil deGrasse Tyson guy says such meaningless things. Like, he says, if you took all the money in the world in $1 bills, it will be long enough to reach the moon or something. Yeah, and if you take every single grain of sand and line it up, it will reach Mars,

reach Uranus. Yeah, but who cares?

I've got a bit less. I always put too much. Because it doesn't look like much, but then it gets bigger.

Okay, 20 minutes for pasta.

Ah, so nice not being sick anymore. That sickness was— it wasn't too bad, it was just annoying.

I recovered pretty quickly. I don't know if it's because of the zinc. Sink was pretty effective then.

Don't have any cough now.

Got some strong.

Being sick really sucks. Do not recommend. Damn, this is nearly dry already. I was so worried I couldn't do laundry because it's raining all the time. Just drying it there dries it so quickly. 2 days max.

I thought I was going to get a humidifier— dehumidifier.

My bathrobe's nice and clean. It was pretty full of cooking oil and bacon splatter. I need water, getting thirsty.

Ah, it's nice.

Sometimes you just don't realize how thirsty you are until you drink.

Mm,

my

zinc.

Got some Spam as well.

If you don't season to the max, you're under-seasoning.

Let gravity dictate. There you are,

Marco Pierre White. It's like

Funny. He says everything like he's like spitting such wisdom, and then he says the most basic things like, you got to drain the water. If you don't drain the water, it will be wet. That's your choice.

Marco memes, best memes.

Life's too short for small portions.

Why did you make Gordon Ramsay cry? I didn't make him cry, he chose to cry. It was his choice.

So funny. No empathy. I love it. No one calls him a psychopath.

Tornado whirlwind! Tornado steam!

Wow, tornado! Wow,

I'm making pasta bolognese.

Bologna! Oh, this week's been crazy. Losing 300, crashing out, Switch 2 rage.

What a week!

My favorite dish, um, Chinese takeaway. Uh, the Chinese takeaway or fish and chips. With saveloy sausage.

A vomit in my mouth, a mouth in my vomit. A vomit in my mouth, a mouth in my vomit.

Yeah, I feel relieved I managed to get out one of my shorts with just a £5 loss. Because that was— that short was dragging me down. £40 loss.

I was hoping market would sell off harder so I can get out a few more shorts,

but at least I got out of one. I've still got 55 units of shorts.

Really want to get out more shorts.

Made £50 trading today.

I've been making pretty good consistent gains every day. It's just these shorts keep dragging me down. If I didn't have those shorts and I just closed out my day trades, I'd be looking pretty good.

I don't do any research.

Just trade the price action of the day. Identify the trend.

Identify the draw of liquidity. And then if it goes up, then you buy. It goes down, you sell. Then it go up, then it go down. Then it go up, then it go down.

Either I need to reduce the number of shorts I have or add more money to add more longs. Really, I want to be like 80% long, 20% short as a hedge.

I shouldn't have those shorts really, so I'm trying to get out of them.

Patience.

I love data days though. CPI, PPI, FOMC. Great days. I don't know what Traveling Trader is complaining about. It tanked hard and it ripped mega hard. What is he saying? He didn't take any trades. He's just too scared to lose a trade because then people won't join his stupid Discord.

What I want it to do is rip and I take my profits on my longs and then tank and then I take profits on my shorts. But it rips, I get, get rid of my longs and it keeps ripping and then my shorts wreck me.

At least I'm back over 800.

The only way I won't go back under 800 out because I've got so many longs open. So even if it mega rips, it won't drag me under 700, under 800.

The only risk is if I let go of the longs,

which is why I put my take profits up so high, because if it's gonna take me out, it better rip hard then. Otherwise I'm not Letting go of my lungs. If you want my lungs, you better rip it hard.

Looks like it's ripping now.

I really enjoyed Squid Game. That Thanos guy was so annoying. When he died, I cheered. They have such— they're so good at making really annoying characters in K-dramas. Like, even their faces look annoying. Like that, the bad, like, thug guy. In Squid Game too. His face was so irritating. Was it the first one, second one? The guy

that bangs the woman in the toilet cubicle. God, his face was so irritating. He kept making that ugly snarling face.

And I hated the old man. God, every scene with the old man was so boring.

Spoke so slowly.

We

go. Oh well, honest.

How does Korean sound to me? It sounds annoying. It's very whiny.

Oh wait,

so whiny sounding.

They say the word shiba way too much. So is that the only swear word you've got?

I find it when they do the duck sound pretty funny.

They go

Hurts my dangly bit.

I don't really find Japanese annoying

apart from the Sounds kind of annoying.

They love the sound. They go,

I never did the air sound. I feel like if you're trying to learn Japanese and you're quite good at Japanese, but then you, you like mimic the mannerisms, like, eh, it's like you're trying too hard to be Japanese. You're not Japanese. They— all the weebs are like, they copy the eh sound, they do the head nod,

and like, oh, I didn't even realize I was doing it.

I kind of did that when I was first— when I came back from Japan the first time, I realized I kept doing my little head nod. People must have thought I was retarded in the UK.

Cooked to perfection. Ah, I lost one.

Ah,

stuck. Come on, come out.

Stuck to the pot.

We built this city

wrong and wrong.

Is this rotelli? I don't know what it's called.

And then you put it on top,

mix it around.

Ah, a 3-second rule.

Voilà, there you are.

A

bit of Parmesan would be nice.

But, um.

I bought broccoli, but I didn't cook any of it.

Probably going in the bin.

What am I supposed to do with it? I don't know why I bought it. I thought I was gonna eat it with the chicken.

Today was a good day. I think I'm gonna sleep well.

It's been a rough week.

I don't eat once a day.

You really got to stop believing what people are saying in the chat.

Nearly everything people say in the chat is wrong. I don't eat once a day.

I eat like 3 times a day and I snack all day.

I had a fry-up hash browns for lunch, and then I had crisps and KitKat and an orange.

I don't know how people think I just eat once a day.

It's just good genes. Don't do anything special.

I have superior genes.

Combining the best of both Asian and European genetics

to create one superhuman of genetic superiority.

That would trigger the happy people so much.

You know, it's happened. People were so easy to trigger. All you've got to say is like, I'm proud of being mixed.

They'd get so angry.

Yeah, I made the sauce myself.

Mm-hmm.

Make some tea.

I still remember that day. Pasta went out to work.

She made about— I think she made 2,000 baht from work. Work, and then she came home, parked her car in the reserved parking spot of someone else's parking spot of our condo. Woke up next day, her car was clamped, and then she had to go to the office

of the condo, and they had— they fined her like 1,500 baht to release the clamp. So she worked all day, lost all the money nearly. Because she parks in the wrong place. I thought, damn, that must sting.

Working all day for 1,500 baht.

That's like £10. You know, pay is so bad in Thailand.

Like, you know, minimum wage in Thailand is like 14,000 baht a month, and my rent in the condo was 11,000 baht. So if you were at minimum wage and you lived in my condo, you'd only have 4,000 baht left for everything else, which wouldn't really be enough. There's no way if you're working minimum wage you could have

lived in that condo, which I thought was crazy because to me that condo is so cheap— £250 a month.

Where's my iPhone?

No, in Thailand you don't need to prove anything. Just got to give them money. They don't care as long as you pay up.

People just become friends with each other and have each other's backs. Like, Vassa became friends with the condo landlady. Actually, the condo landlady held the condo vacant for her when she was in America. She came back and carried on living there. She's probably still there,

which peeves me off a little bit because she wouldn't help me pay rent when we were together, saying she couldn't afford it. I go, how are you affording it now then?

So you could afford it, you just didn't want to chip in.

I wonder if she got a new boyfriend yet.

She kept saying if we broke up she would never get a boyfriend again.

She said I'll be her last boyfriend.

That's true love.

You know, sometimes I wish I could go back to her, but I damaged the relationship so much I couldn't. Like, how could I look her in the eye after all I did?

I just did the worst things ever.

Like, how can I pretend to be like a good partner and boyfriend ever again to her? It's just, you know, damaged beyond repair.

And I couldn't promise her that I won't cheat again,

and she wouldn't or shouldn't believe me even if I tried to promise it.

And she would never trust me again if I went to Japan alone.

So yeah, sometimes I wish I could just think, oh, I could go back to her.

But no,

it's just way too much damage.

No, I wish I could have been a good partner for her, made her happy, but my own selfish desires

took over.

Meta still tanking.

Don't know if I'm gonna go home on Sunday.

I might come home Sunday afternoon.

I need to tell you some things.

I need to have a talk with my mum in person.

Now my mom's gonna be all freaked out. She's like, tell me now. Damn, Meta is still tanking.

She said, why are you still staying in Devon?

I don't know.

Because I feel like moving back home and giving up would be a massive L. I need to prove that I can stand on my own two feet

for my manhood.

50 minutes— no, 1 hour, then bedtime.

Good thing I sold some of my gold. I sold most of my gold.

Where everyone tuning in from, guys?

Bitmine back under $50.

I bet Brian made a video.

Not yet.

God, there's so much Amaru drama. Mizkif TwitchCon.

Ugh. James May cooks an entire meal in a kettle. Ugh. Can you imagine cooking a soup in a kettle? That's just wrong.

His kettle looks like mine. Uh, and this brings me on to cooking. I love how James May is just like doing YouTube all the time. In kettles, which apparently lazy-ass students have been doing. He's basically a YouTuber now. Don't want to buy kitchen appliances, they cook things in kettles. Uh, makes perfect sense really, because let's face it,

the one-shot pot, pot helicopter topped pot is sort of a bit like a kettle. You plug it in and it heats up and you chuck stuff in it. So I've got kettles. Lucy Brown has challenged me to cook spaghetti with meatballs and for some reason peas in kettles. We have 3 kettles, transparent ones so that you can

see the action. Um, let's go. So I think I'm going to put those on first. I think the spaghetti wouldn't fully cook in it.

Is that it turns itself off, so you can't really, I suppose, overcook things. Or can you? I mean, uh, pouring the meatballs in the kettle.

The lid is an inconvenience.

Those look revolting, but I'm not a fussy eater.

I hate the sound of food being scraped out of a tin can.

Market tanking. Okay, so

when will I go back?

Sunday. My sister's in Wales right now. Baby's 2 months old.

Can't be. Oh yeah, baby's nearly 2 months old.

No way is his birthday same as Mila's birthday, beginning of September.

I made £50 day trading today.

I made £90 yesterday, £50 today.

Forgot about Monday now.

He's gonna have to break the spaghetti in half.

I thought kettle wouldn't turn on if you don't close the lid. That one's not plugged in. It's got a safety device that says it won't work if it's not plugged in. Um, turning

I'm quite proud of £50. If I make £50 a day plus my kick, I'd be doing pretty well.

Maybe I open my own trading Discord. $100 a month.

Spaghetti and peas, that's weird.

I do live streams for the Discord members only, so one person, but $100 a month premium live streams.

The trolls can— the trolls probably pay for it so they can clip me.

Imagine I make it, I've got zero viewers, I'm just sitting there.

Well, if I— if no one pays for it, then I just won't go live because no one be watching

Oh, he's boiling peas in a kettle.

Hasselblad telephoto.

God, I'd love to be a proper day trader.

Why I type in ROFL, why is it doing like sad face?

The problem is you can make gains for months and then one bad day, if you're not careful, wipes you out. I had that one day wipe me out £300 because of the damn shorts.

Oh, the spaghetti.

Yeah, but I keep trying to be clever and thinking, oh, it's going to crash soon, go all in shorts. And then it doesn't crash. And then I'm down hundreds and I'm like, I'm not going to close it because I don't want to lose hundreds. And then it keeps going up. Hundreds become 200s. I'm stubborn. I don't want

to close it out saying, oh, it's going to crash now, guys. And then months later, it's still not crashed and I'm down £1,000.

Trapped in

shorts.

Yeah, better off not shorting. Just if— buy the dip if it crashes.

Imagine you bought CFDs on the COVID crash. You'd be up so much.

I don't know why James May is so fun to watch. He could be doing anything, would be interesting.

The funny

thing is he's the most boring when he's talking about cars, but he's known for cars.

I made £27 streaming today. Probably going to make £50, probably going to make £55 today.

My day trading made more nearly than my streaming.

How much per hour now?

737. Back to YouTube soon.

Uh, my KitKat melted.

Facebook's still tanking. Jesus.

Google is still ripping. I don't get it. They both have the same business selling ads.

Why is Meta doing so much worse?

I guess YouTube is just much better platform.

Really good move buying YouTube, wasn't it, for Google?

Howdy rate decreasing. Yeah, I bet the real viewers have been dropping since,

probably because I'm doing day trading and gaming. The 2 things I would never do on YouTube because that always tanked my viewership,

and that's tanking it on Kick, which is why my rate's going down.

If it drops below $5 an hour, back to YouTube.

Thanks for the free money, Kick.

Made nearly $20,000 on Kick.

Thanks for the free money, suckers. I'm out of here.

Kick and suck my balls.

You think Getaway paying people $3 an hour? Eat my ass.

You got so many Kick streamers getting into legal trouble, jail,

nuisance streamers. It's only a matter of time before countries start just banning Kick.

Weirdos in Discord would gladly do what?

Oh, eat my ass.

Eat my ass.

I don't like when my nuts get sucked. Feels weird. Feels like, I don't know, like they're going to suck too hard and then the little cord that connects the nut to the rest of the body gets cut. It feels like, I don't know, like my balls gonna get disconnected.

I don't like that feeling of my nuts being sucked on.

You see it a lot in porn, the girl sucks the guy's nuts.

I don't like it.

It feels bad.

I don't like the girl being on top either. I can't feel my dick anymore. I need to feel it like going in and out, but when it's just up there and going like that, I can't feel it much.

I don't think I've ever enjoyed a girl being on top.

I'm not a weirdo. I just don't like my nuts being sucked. I like rubbing my face in the armpit as well. I like the smell.

Armpit and the smell of ass.

I need to fart.

Ah, I always fart a lot after dinner.

My room just smells like fart and cum.

I got to take my rubbish out.

Tonight. Don't forget to remind me.

I still don't know if I should get the Tesla membership.

I feel like one trip back to my mum's would make me break even on the membership. I need to fart again.

Ah, it's like a balloon deflating.

So if I get the Tesla membership, it would cost me— I mean, yeah, if I get the £100 for the year membership, it comes to £7.50 a month. But if I do one trip back to my mum's and I charge 30 kilowatts, saving 50 pence per kilowatt, How much do I save?

I save £4.50 going there one way.

Might get a Tesla membership.

Might get it now, actually.

I'd only have to do one trip to make it worth it, to break even.

Charging— no. Peugeot— no.

I wish they built more Superchargers.

So

without membership it's 55p, with membership it's 40p.

Oh, it's £90 a year.

What's that,

£7.50?

Yeah, I'll get it.

Done. That was quick.

Put that on my expenses.

Did it do it?

I think it charged to my Amazon credit card.

Start membership.

Your membership started. Bidding cycle starts on the 1st of November.

Nice.

Where did it charge it to?

No gaming. Nah, I can't be bothered.

I've got Amazon card payment due in 3 days.

Get paid by Kick tomorrow.

Yeah, I get 40p per kilowatt. I guess I haven't been charged yet until November, but I might as well just add it now.

Uh, £90

Tesla membership.

I spent £2,482 this month. I made £3,192.

Total left, 709. I got the Tesla membership, £7.50 a month.

Tesla membership,

you save 15p per kilowatt. When you charge at a Supercharger.

It's pretty good.

So if I drive halfway

and I do a full charge, it should cost me just £12

instead of

What? Instead of £16.50?

Yeah, I have an electric car.

20 minutes until bedtime.

Charge at home. I do, but if I'm doing a long trip, I need to use public charger.

Can't bring my house with me, unfortunately.

So to go home, if I wanted to go home, I would spend £12 halfway and then get home at my mum's home, and then I plug in my charger there and I don't pay anything because it's her house. But it would only cost 7p per kilowatt, so it would cost her £2.

And then on the way back, I charge again at Tesla Supercharger, £12. It cost me like £25 to go there and back, and then I plug it in when I get back home, so maybe £5 charging here, so like £30. £30 for a 500-mile trip. You're doing— if you're doing that in diesel or petrol, that's £80 to

£100 easy.

You spend like £80 probably in diesel.

I'd only spend £30. See, EVs are nice. Yeah, sure, petrol, diesel cars cheaper, but over the long run you're going to be spending thousands on fuel. Well, you're going to spend 4 times more on fuel than I spend on electricity.

Yeah, some of these hybrids are pretty cool. Like, they're fully electric up until 30 mph, and then when you go above 30, it kicks in the petrol.

That's pretty cool.

But it's not really worth me getting a new car. I'm kind of stuck with my car now. It's only worth about 5K. I can't really get a good car for 5K unless it's like a manual banger from 2015.

I like my electric car. It's nice and quiet, instant acceleration, no gears, cheap electricity. Yeah, it's a bit inconvenient sometimes,

especially in winter. I have to do 2 stops instead of 1 to charge.

But you know, you plan out ahead, you find out where the chargers are.

Tesla Supercharger is very reliable.

I don't like the noise of an engine, it's annoying. And you can— the best thing is if it floods, you can drive through massive puddles and don't have to worry about engine conking out. I drove through some massive puddles in Devon earlier this year when the roads were flooded.

Came out of the puddle completely fine. BMW would be toast.

BMW would be wrecked. My mum wrecked her BMW by driving into a puddle.

The mechanic said you better sell it quickly because it's toast.

I saw so many cars just like stalled after coming out of a puddle, or not even going into the puddle because they don't want to ruin the engine.

An electric car is fully sealed on the underside.

There's no engine for the water to get into.

So it's pros and cons, isn't it?

As a result, I think those peas are probably peas in a kettle.

Water. Let's see if that kettle has recovered. Yes, just give the meatballs another little blast and I think we're ready to serve. It looks so annoying cooking in a kettle.

I love scratching my butt, it feels so nice. And my back,

I love it when, um, my back gets scratched. Scratched. Yeah, nice and hard.

He's

got one noodle stuck. Fucking it.

Why is he wiping the bottom of it? That's so awful.

See X advert.

Look at his face. Are you seeing this?

He looks so disgusted.

Look at his face.

That is horrible. Truly awful. I don't know if it would have been horrible anyway

with those ingredients, but it's— well, come and try it for yourself. Lucy Brown. It doesn't look the most appetizing.

Chicken meatballs. Oh, they're chicken? Yeah, meatball.

I just assume that all meatballs are pork or beef.

The giveaway is where it says chicken meatballs. Look how small it is. I bought the ones that had the best rating. But they had a 2-star.

There's quite a lot of 1-star meagles on Tesco's. Has the pasta cooked? Yes. It's not yet. It takes longer than that. We're making a terrible job of this very, very simple domestic task— eating.

That Lucy Brown girl looks kind of like Chihiro but white.

Cooking in the kettle can't have affected the flavor. All kettles do is heat things. Market not doing anything.