The Desk Stream Test: Own The Seat

Added: 2026-05-30

[00:00:15][music] [music] [music] [music] [music] [music] [music] [music] [music] [music] [music] [music] >> What?

[00:01:44]>> [music] [music] [music] [music] [music] [music] [music] [music] [music] [music] [music] [music] [music] [music] >> What up? What up?

[00:03:45]Look at this setup.

[00:03:50]Look at this setup, bros. If only I had a little bit of credibility in this world, this could be the next big thing. I'm just kidding.

[00:04:00]It's not going to be the next big thing, but I did want it to look really [ __ ] cool.

[00:04:06]And I think it does. I think that looks [ __ ] cool.

[00:04:11]Uh this took me like 100 iterations on Claude.

[00:04:16]But it's pretty sweet. So this is just a uh you know, I'm testing all this stuff here. So this is not some official thing, but we will go over markets. We will go over this deck. If you haven't seen this deck, it's one I did on Global Flows live stream yesterday. So if you weren't there, I'll run through it again just because I think it's important. Uh I have the chat box up there. So fire some stuff in the chat. I want to see if this all flows together. Last time this all crashed on me. So if it crashes, I'm sorry.

[00:04:49]I'm sorry, and uh you know, I'll try to make it better next time.

[00:04:54]But for now, I'm closing out I'll close it out all the stuff that maybe would make it crash. So Jabe's Andrew Jabe's, thanks for showing up. Allen, what up? Yeah, it looks pretty cool, right? So I've tried to do some stuff. I don't know, we'll see. I got to play around with with some settings. Um got the tickers on the bottom. That's all API-ing in from Hyperliquid.

[00:05:19]Uh should cover most of the things that are generally interesting. This green bar in the like the the bottom middle there, I could change I could customize the um like titles for the day. And then I have different scenes, and I'm going to work on adding more scenes where I can switch back and forth between, you know, um markets and whatever I want to show online for like decks and stuff like that.

[00:05:44]Oh, it's Six. What up, Six? Thank you.

[00:05:47]Cheese Chaser.

[00:05:48]Cool. Uh All right, so before we crash, let me just run through this deck.

[00:05:57]And ultimately, I just want to see if I could get through kind of this thing uh with it all working cuz I want to plan on doing these a little bit more myself as well. Um market overview, stuff like that. I've done in my private Discord. I want to kind of get them out out there more, too.

[00:06:14]Um again, if if you're if you're just seeing me here and you don't know about the Discord, I always talk about it in my videos and stuff. Um we have a cool little group in there. It's where I talk about my actual positions and when I take them live or get out of them live or whatever.

[00:06:30]Um but I will talk about whatever on these streams. So, it'll be good. So, let's let's uh let's dive into this this idea of owning the seat here because this is something, you know, I love mindset stuff. I love psychology stuff. And when it comes to trading, there's this there's this need to take responsibility that a lot of people don't want to do.

[00:06:57]And I think it's a lot of it's subconscious, right? I think a lot of people want to trade, they want the benefits of trading, they want the riches, but they don't want to inhale the volatility, they don't want to take the risk themselves, they want to outsource the pressure to other people and they want to be able to play the blame game if things go wrong because I think especially dudes Just tell me what's talked about.

[00:07:22]Especially dudes hate admitting they're bad with money or like not a good gambler or whatever it may be, right? It's like It's like fighting.

[00:07:31]Like guys just want to think they can fight, right?

[00:07:35]But like first of all, I'm not saying I could fight. I'd get [ __ ] up. But I'm just saying like guys don't want to admit they're not bad at finances. It's the same thing with finances, right?

[00:07:45]Pressure, time, and sacrifice. That's that's perfect. Perfect way to put it.

[00:07:50]So, I've come around to the last few years of like, I got to stop blaming things when it goes wrong. I need to take full ownership of and control of the just things I could control and try to best set myself up for success for the things I can't control, right? So, that's what I mean by owning the seat, right? You want to You You want to play the hardest game on the planet that's not athletics. That's what this is. It's the hardest game on the planet, markets.

[00:08:21]And if you want to play that, you got to take it seriously. You got to take responsibility.

[00:08:26]So, on and so forth.

[00:08:27]And guys, if you want to type in tickers or questions or anything on the side, do that. I'm going to run through this deck first and then I'll move on to questions and markets after that. Um Cool.

[00:08:39]So, I picture this as like, you know, people troll people who are like wrong or right or have these opinions or that opinions on the markets. But hey, if they're putting up risk, they're putting up actual money that is theirs, they're in the arena.

[00:08:56]They deserve a seat at the table.

[00:08:59]It's a zero-sum game. Somebody's got to win, somebody's got to lose, and you know you're going to be a loser at some points, right? And that's okay. As long as you don't go broke and you can keep taking bets, you got to be a maximist in the arena.

[00:09:11]And if you if you're going to, you know, be the one who steps foot in there with conviction and accepts the responsibility, you can be rewarded with the glory or you could die.

[00:09:24]So, let's just try not to die, right?

[00:09:27]So, you're the one taking the swings.

[00:09:29]You're the one who deserves it.

[00:09:31]Let's move on. So, what does this seat demand?

[00:09:35]You know, it's going to demand betting fully on yourself. This is not about betting on other people, copy trading here, buying a course, this is just betting on yourself.

[00:09:46]We need to drop all the excuses.

[00:09:49]Anything good or bad that happens to you, you need to accept that, all right? So, if you start winning and things are looking great, don't deflect it and say, "Ah, it's you know, it's just luck. I just so what?" No, you deserve it. You put the risk on the table, accept it.

[00:10:05]Right? It's like the people who can't take a compliment. Somebody gives you a compliment, just say thank you.

[00:10:11]Appreciate that.

[00:10:12]Right? And then you need to own how you move forward. You have to realize how much control you have to dictate how you move forward and make the future decisions and compound over time.

[00:10:22]Right? You need to accept that you're the the one guiding your destiny, who you're able to become.

[00:10:29]All right? So, here.

[00:10:31]When things don't go right, right?

[00:10:33]Losses, it's everybody else's fault.

[00:10:35]Right? It's the guru's fault. It's the strategy I'm using. It's the video I watched. It's the market manipulators and the deception and it's all rigged, right?

[00:10:47]That's generally what you're going to see out there. But, a win, it's funny how it works. Funny how it works, it's all you, right? Whenever you win, it's all you, but you blame everybody else when you lose. That's not how you're going to operate well here, all right?

[00:11:04]So, I really like this idea that every excuse that you make, whether it's one of those four components or it's some other thing or you didn't sleep well or the timing sucked or whatever, it's always just a string.

[00:11:19]And all these strings, whether it's the market, the algo, the guru, the whatever, all these strings are controlling you. And you might think you have autonomy, but really you're just a marionette, right? You're just being conducted by the conductor that is whatever you decide it to be. Right? So, they're controlling you, they're controlling your actions, you're just reactive. And you might think that's you in control, but it's not.

[00:11:45]Right? So, you need to just let those strings go.

[00:11:49]The good, the bad, the ugly, all of these things you need to just get rid of. No asterisks. Everything is completely on you. Even the things that are uncontrollable, you put yourself in this position, you have to accept it.

[00:12:02]You know that this is a job with so much uncertainty. So, if you want certainty, go find a job that compresses your life volatility, and compresses your upside, and gives you a ceiling.

[00:12:13]But, if you want the outperformance, which we talk about, you have to accept the volatility, cuz that's where the outperformance lies. Right? So, once you accept the burden that it's all yours, that every dial is back in your hands, that is the whole reason to be here.

[00:12:28]That gives you complete control and autonomy over what you could possibly do.

[00:12:33]All right? So, cut the strings.

[00:12:36]All right? What Ooh, and what are some of the outcomes?

[00:12:39]Like, this this is the very difficult part, right?

[00:12:43]What do we want out of all these? We want to be right, and we want to win.

[00:12:47]Right? But, we want to be humble enough to recognize that oh, we were wrong about this, but we got lucky, and we won anyway. All right? That's noise.

[00:12:59]What about this one?

[00:13:00]You were right about the idea, but you were a little bit unlucky. Maybe it's the timing, maybe somebody stopped you out, whatever, and you lose.

[00:13:07]And do you look through that pain enough to realize the process was right, the idea was right. Actually, we'd take that bet again.

[00:13:14]What we don't want is this. We don't want to be the guys that are wrong, and we lose. Right?

[00:13:19]That's what that's what eventually blows us up.

[00:13:22]This is all reflection, self-awareness, accepting responsibility. It's all probabilities. You could do everything right and you could still lose.

[00:13:31]Everything wrong, still get paid. So, these one results, these two results, you can't that's not what we're going to be grading ourselves on. All right, we're going to focus back onto the things we can control in a world that you can't control.

[00:13:45]All right?

[00:13:46]So, now, if you do decide to accept full responsibility, then you should be looking at every trading result as just a a notch, a piece of data that you should iterate on over and over [music] and just iterate, iterate, iterate. And the more you dwell on the losses and the down swings or whatever and the blame game, all that stuff is just going to go down into this void, right? That doesn't matter. You're not learning from it. In fact, you don't even want to. You just want to look away. You want to stuff the pain down. Maybe to some people that's just leaving the game completely.

[00:14:19]But, if you just take responsibility, you look at it as data, it's part of the process. We all are going to go through down streaks or whatever. You're going to be able to iterate along this curve, right? You're going to be able to iterate, compound, and over the next 10 years get fabulously wealthy, right?

[00:14:37]So, you just need to start looking at it as a point on your curve of ultimate success, right?

[00:14:44]What are the things you can control?

[00:14:46]Well, this this board here is kind of fun, right? You can control like hey, like what archetype am I? If you haven't watched my archetype video, go to my YouTube channel at James Rosenthal.

[00:14:57]Search archetypes or whatever.

[00:15:00]I talk about them. It's just a guideline, guys. Just a guideline, right? Figure out who you are as a trader, generally what bucket you fit in. How much risk do you want to take?

[00:15:09]What are your time horizons? How much time do you have to study?

[00:15:13]How many reps are you going to put in, right? Working on mindset day in and day out.

[00:15:19]Getting more efficient with your execution, less sloppy, right? And figuring out what is what is your edge?

[00:15:24]You find a big asymmetry? Are you going to be somebody who's more systematic with less edge? Whatever. But this is all under your control.

[00:15:32]Right? There's so many things you can do to get better.

[00:15:38]All right. And when do you do this? Once you align everything, right? You get that strategy down. You get the time horizon down. You get your risk components down. You take full responsibility and this all aligns, dude, this is where every this is where the magic happens, right? If you're somebody who has something over here, your time horizon's over there, your risk doesn't match, it's no wonder you're going to be inconsistent. You're going to find reasons and excuses and play the blame game, right? But you can imagine that if you align everything, it's going to give you the best chance to win in the end, right?

[00:16:09]It's not It's not that crazy.

[00:16:11]So, what do we do at the like macro flows live stream that we do every day, right? We're working on building out the foundation of global macro, the price of money, how that flows throughout the system globally into the assets that we're investing in. We're trying to find the most asymmetric bets in the world, right? But you got to combine that with your execution, which is all the stuff we just talked about in this deck, and your mindset, right? So, if you combine those together and you find that alignment, that's going to be your style, right? And that's where you're going to best perform. That's where you're going to make the best decisions on entries and exits and what makes you feel most comfortable in holding positions or not holding positions or taking winners or whatever it is, right?

[00:16:51]So, this should be kind of your goal here.

[00:16:55]All right. So, again, this is kind of like the OODA loop idea here. Look at it as information notches on your belt and as you move forward, you're going to be owning it, accepting it, iterating, repeating. Own it, accept it, iterate, repeat. And this over time is going to compound into exactly what you want. And that comes with not only money, but confidence, longevity, self-belief, all that. Probably a better network, better execution. Everything is going to do Everything's going to come from this.

[00:17:28]All right? So, that's owning the seat.

[00:17:30]Nobody's coming to trade for you.

[00:17:32]Nobody's holding your hand. But if you pay the price and you accept the results, that seat is yours and it's yours for as long as you want, right?

[00:17:40]You need to bet on yourself. That's what's going to compound in the end.

[00:17:44]All right?

[00:17:45]So, if you guys have any thoughts on that, let me know. I like making these things. I think they're pretty fun. And if you have any topics that you want, um feel free to drop them in the comments or join the Discord or comment in my YouTube or whatever and I'll see it.

[00:18:03]Why don't we jump over to markets? Let me take a little sippy sippy of the cold brew.

[00:18:16]Yeah. So, JGZ, I find myself whining about the manipulation and catch myself.

[00:18:27]Yeah, a lot of people do. I still do it sometimes.

[00:18:30]I have to catch myself though, you know?

[00:18:32]Like that got It is crazy like from 2013 to now, every year there's points where you're like, "Dude, everything's just manipulated. I got no shot. There's no edge left in this game. Where's the alpha?"

[00:18:48]It's all the Citadels, the Millenniums, the the founder here, the venture guys, the private investors. They get all the opportunities.

[00:18:56]But I look back and I'm like, "Man, there's been opportunity and edge everywhere." You cannot look at what's going on in markets right now and not think there's alpha. Like if you're just playing the AI game and kind of going through the buckets and rotating and taking winners and stuff, like retail is cru- like good retail is crushing. Bad retail probably always a step late.

[00:19:17]You know, putting things in the wrong things.

[00:19:20]Not dealing well with the draw downs, capitulating, whatever. But, the people who are dialed in spending time here, they're absolutely crushing right now.

[00:19:28]Right?

[00:19:29]>> [snorts] >> Anyways.

[00:19:34]Cheese chaser, I would love you to see you trade the open. Helps me with thought process. Dude, I don't trade the open.

[00:19:40]I don't know what that means. I mean like that's the thing with the futures and like you know, the prop firms and all that. A lot of people just like trade the open, the first hour.

[00:19:50]I don't I don't That's not how I operate. Like I trade all day every day.

[00:19:54]Whatever is moving, whatever the opportunity is. I don't bucket myself to a window. Again, I feel like bucketing yourself to a window, I get it. You can control the time horizon. You can start to like but like in a weird way, it's just trying to trap everything so you so you can control the uncontrollable. I'm going to sit here for the first hour and then like I'm going to go home for the day and I'm going to go like kick rocks and I'll be back the next day at the first hour.

[00:20:20]Like I don't I just I don't resonate with that. All right? Like I want to build a macro find I foundation.

[00:20:27]I want to be able to trade funnel that and again I made a video on trade funneling and I'll actually I'll I'll do a I'll do a deck on trade funneling soon. That'll be good. Like I like to trade funnel down into certain opportunities and then like when there's a good chart spot or like there's a capitulatory or whatever and I want to get into that spot, I'm going to go. I don't care if it's 9:00 or like I don't want to trade the NASDAQ just after the open. That sounds like put a gun in my mouth, bro, and pull the trigger and then pull the trigger again.

[00:20:56]Like you want to trade in the most murky, difficult hour of trading and like have consistent edge, bro.

[00:21:04]Bro.

[00:21:06]Maybe. Maybe you could do it. Prove me wrong.

[00:21:08]Show Show me results of you doing that.

[00:21:11]Show me multiple months of you consistently winning in the first hour of trading the Nasdaq or the E-minis or whatever it is, and I'll be like, "Wow, that's pretty impressive, actually.

[00:21:23]You should scale up. You must have significant edge in there."

[00:21:27]>> [snorts] >> Let me just uh start touching on markets a little bit. So, if you guys are in my Discord, you kind of understand where my head's at on this stuff. All right? We talked about this this pivot point quite a bit. A lot of us got positioned into some stuff around here. Um because again, the stuff we talked about on the live streams, the discourse back and forth, this was just a moment where there was max fear on the war.

[00:21:54]This was not the terror situation.

[00:21:56]And uh a lot of us have done pretty well since then, right? Now, it's a complete lockout trade. And this is pretty crazy, right? Complete lockout trade. The people that are missing out are pissed off.

[00:22:08]They think that now that we're in price discovery in a bull market and an administration that want thing want to outgrow the debt.

[00:22:15]They want to fade here and think that everything's going to fall apart in the most transformational technology boom in our life.

[00:22:21]It's hard for me to be bearish when I say it like that. You know what I mean?

[00:22:24]Now, that does not mean in the short term you can't be a little bearish, right?

[00:22:29]Because there's cycles within cycles.

[00:22:31]Like look at the VIX. The VIX is down to 15. Right? So, you get the VIX down here, you get the vol of vol, which is the volatility of the VIX, right? That's getting lower. I would not be shocked if there's going to be a moment where there's an unwind of a lot of this AI stuff, right? This is why you got to be careful. When the VIX gets this low and volatility is compressed, it doesn't really matter what the reason is. You could just get a positioning unwind. And it's not going to really make sense. It's going to get everybody scared. It's going to say the the AI bubble is unwinding or whatever. To me, I'm going to just like buy the dip mindset.

[00:23:04]Buy the dip mindset and when they rip, take winners. Be the guy who takes winners. And if there's something that makes a lot of sense for for a bigger win or whatever, sure, you could hold it. But like, this is an environment with violent rotation sector to sector.

[00:23:16]The story's changing every day. There's geopolitical catalysts to tweets and all this stuff. Like, you got to be really maneuverable at the moment.

[00:23:26]Bond volatility super low. But yeah, like NASDAQ, ES, and the Russell all-time highs. And then the microcaps all-time highs.

[00:23:37]So, to be bearish here is just like wild to me. Now, of course, I'm a big Bitcoiner guy and we are just getting absolutely merked in Bitcoin.

[00:23:46]And there's nothing more I want to do than commit seppuku when I look at this chart.

[00:23:53]Everything else. I mean, this has just been the worst year or two to be a Bitcoiner. It really has.

[00:23:59]Um I don't know what else to say about that. If we keep dumping in there, there's going to be I mean, look, I don't think we go below 65, but if we do and we go below like 60 65k, dude.

[00:24:13]The cyclers will be right. You'll you'll have to bow down to the cyclers. But we couldn't get over this 200-day moving average at the top of this channel to basically like if we if we were able to pop up here and go, dude, we were going back to all-time highs.

[00:24:29]We still will if we could do it. But right now, we've fallen back off what? I mean, 11%?

[00:24:39]I mean, this would be this would be brutal.

[00:24:43]That would be brutal.

[00:24:45]Hoping for a rotation in there. Hoping that the AI cools off without really hurting the market too bad.

[00:24:54]But definitely possible. Not a good place to be right now and I am currently in it.

[00:25:02]Silver I had been looking at longs. Um you know, we'll see what happens here.

[00:25:07]It does look like it kind of false broke here. So, if we if we could kind of get back above here, I'm going to be looking to buy silver. This will look super strong. Just when everybody's forgotten about it, right?

[00:25:19]Um I'll take a look.

[00:25:26]I struggle with knowing I'm going to have a 50 40 50% loss rate and yet when I have two or three losers in a row, it still takes a lot to not fall into the spiral of if my edge is broken. Yeah.

[00:25:37]It's a great comment, Taco. And a lot of people deal with this. It's like if you lose two or three in a row, is your edge even there still, right?

[00:25:45]That's why you got to really like think about that deeply.

[00:25:48]Um or is it just like you need more reps, right? And you got to kind of prove that theory out. That's why I like risk management is so key. You need more reps to prove if like you're losing or not.

[00:25:58]Otherwise, you could lose two or three in a row. But that That's why like I think mindset stuff is the most important thing. Like you Yes, you need to learn like the fundamentals and how to execute, blah blah blah. Maybe you're you have a chart indicator, whatever method you use.

[00:26:13]If you lose two three four trades and then you just go ballistic, that's just mindset.

[00:26:18]No No like you can't like learn your way out of that. If you just go crazy and then you full port into something, that was a compounding of mistakes that led to one major mistake and that's all mindset work. That is not like, "Oh, my strategy didn't work. I heard I back tested it but no." It's just you blew up because you didn't take responsibility, you didn't plan correctly, you didn't have the correct risk management, too much other stuff in your life is impacting you and it all resulted in this one big blow up.

[00:26:48]You know.

[00:26:52]All right, I'll keep going a little bit here. Get back to the questions. So, yeah, we'll see we'll see what happens with gold and silver here.

[00:26:58]We have the 200 day just hit in gold, actually. That's interesting.

[00:27:02]Pretty much exactly.

[00:27:05]So, yeah, gold and silver are going to be interesting to watch.

[00:27:07]Hopefully, that will also buoy Bitcoin here at the bottom of this range, right?

[00:27:13]Could be some confluence there. That's how I look at things. Finding confluence, what makes sense, how does it all piece together, right?

[00:27:22]We talk about yields. Um I kind of put this Kevin Warsh thing like I think Kevin Warsh is going to come in and say, "No, yields are not going higher.

[00:27:31]They're not going higher on the long end.

[00:27:34]They're not going higher on the really long end. Uh you know, as we get the war to hopefully dissipate, you're going to see this probably roll over a little bit, especially as Warsh comes in and guides towards like uh trimmed CPI.

[00:27:47]That'll be a phrase you hear a lot.

[00:27:50]But, you know, credit still seems good.

[00:27:52]Nothing's falling apart in there.

[00:27:59]JGZ, summer doldrums coming. Could be.

[00:28:01]Could be.

[00:28:07]I mean, cheese chaser, your your your mental strength is only for 2 3 hours.

[00:28:10]Yeah, that's just like a muscle, right?

[00:28:13]Like I don't mind being locked in when you're at your best, whether that's like 6:00 to 9:00 a.m. or whatever, but like, you know, if you trade markets long enough, you you could you could watch a whole session every day.

[00:28:27]You know, it's just whether or not you could be patient enough during that. Do you have to act? Can you pull back? Can you just observe?

[00:28:33]Can you breathe?

[00:28:41]Alan I Alan's in our Discord, by the way.

[00:28:45]Great guy. I love the loop circle idea.

[00:28:46]I was on a winning streak, wanted to push my edge, so I increased my volume versus increasing my size. Hasn't been working. Owned it, now adjusting. Rinse and repeat. Perfect. Great iteration.

[00:29:01]Increased your frequency, but your edge did not increase. So, you're going to have more, you know, you need to lead into what's been working. Increasing your size makes a lot more sense.

[00:29:15]Too much risk wrecks mindset. Yeah, I agree.

[00:29:19]You have to find that line where it's like you're pushing yourself, but you're still able to not mentally collapse inward, right? Cuz you need to grow in the ability to to handle the volatility, to handle the stress, to handle the ability to win more, to uncap yourself, to allow that ceiling to grow.

[00:29:38]But you can't do it so fast to the point where everything collapses inward when it doesn't work, right? It's like a stair step.

[00:29:45]You got to find that perfect kind of It's hard. Hard to do.

[00:29:52]Oil, my favorite. So, we broke this kind of little wedge here. We bounced back up. I shorted again. If you guys talk to me at all, you know I've been shorting oil on pretty much every pop.

[00:30:04]I'm I mean, not to knock out wood. I I think I've lost once or twice, and I've won like 10 times now or something ridiculous. I don't know. I'm just basically taking like you know, anytime there's a positive news catalyst, I'm like taking that position off. And they've been a lot of like 20 to 40% winners with perps.

[00:30:23]And then I basically I don't flip long, but I just wait for there to be like some reversal in sentiment or some like re-escalation or whatever, and I just do it again.

[00:30:32]And I'm I'm just one of those guys where like if something's working, like whatever, I'm just going to like I just Oh, hold on.

[00:30:46]>> Sorry about that. Oil was moving as I said that. Um, I'm just going to keep doing it until it doesn't work. And usually one thing I'm decent at is realizing when something's not working.

[00:30:57]All right? Spit like looking back to COVID, I kind of realized when the COVID craziness was ending. You could see the volatility start to compress. The Fed was stepping in more.

[00:31:08]The crazy days were ending. So, I started to pull back the reins, pull back my size because I didn't want to give it back. There were there plenty of times where I'd like run up the score and I'd give it all back and it'd be like such a waste.

[00:31:19]And that's something you kind of have to kind of have to work through cuz, you know, you kind of get on a god mode for a while. You don't want to You don't want to pull back. You want to keep pressing your edge a lot of the times.

[00:31:33]So, let's look at some of these uh some of these Ooh, baby. Let's go Oracle.

[00:31:40]Um, if you guys spend any time around, you know I'm long Oracle. This looks fantastic after consolidating up here.

[00:31:47]Software is starting to run. IGV that was supposed to be dead is making a new high today.

[00:31:54]That is a really It's pretty rare to get the situation um with the indicator that I use. That was That was really impressive, actually.

[00:32:12]Hood, we talked about this in the Discord. That's looking good, boys.

[00:32:15]That's looking good.

[00:32:16]That is looking good. That's a nice little nice little confluence there of good news, good chart, Trump uh release with the app and the Robinhood Trump thing that we talked about yesterday.

[00:32:28]Very cool to see.

[00:32:30]Qualcomm having a decent day, too.

[00:32:42]>> I run another position I really like.

[00:32:44]Bitcoin miners are really positioned I I don't even like calling them Bitcoin miners anymore. They're AI data center plays that have a lot of potential energy coming online faster than most other uh most other people in the space and I run especially.

[00:33:00]Um they just had a deal with Dell.

[00:33:04]And if I hear correctly, they only actually have like 5% of their total capacity like contracted out to people.

[00:33:11]They have like 95% more and as it comes along they'll probably contract with more people whether that's the big open AI's, Anthropic's, whatever.

[00:33:19]Could be really good.

[00:33:21]Something to watch for basically.

[00:33:23]And there's a lot more plays involved there. Hyperliquid's didn't been doing well.

[00:33:28]Um interesting fractal here.

[00:33:32]This is the Solana 2023 bear market bottom to its highs.

[00:33:39]Cuz I mean it's pretty interesting. Not that it'll go that high because the the valuation's already huge but like the disruption that hype is causing is absolutely massive and people still just don't understand that yet.

[00:33:59]Let's check in on our XPX gold chart by the way.

[00:34:04]Uh Dossier, do you see the Bitcoin miners migration to AI data center compute effectively be I mean they're selling, right? They're they're selling I think more than they ever would have.

[00:34:15]Uh but I don't know. Like I just think if there's enough adoption in if there's enough adoption in crypto shouldn't matter.

[00:34:24]Uh and there's so many like the everything looks so good to me that it's it's kind of shocking, right? But I mean like to be honest there been a There was like a viral thing the other day where somebody in Ibit did a block trade of like 1.2 billion dollars sell.

[00:34:40]And it barely moved the price, maybe a couple percent. Nobody talks about the idea that somebody bought that.

[00:34:45]>> [laughter] >> You know, nobody talks about that though.

[00:34:49]So, I don't know.

[00:34:50]Um it's easy to say it affects the price now because the price has gone down, right? But, if the price had gone up, would we would we be saying that? I don't know. It's an N of one, so it's hard for me to say.

[00:35:01]There's just so much like involved with crypto going down. Like, I don't know.

[00:35:07]There's a lot of shadowy stuff going on, too, cuz it's like legal to it's legal to do a lot of things in crypto that's not legal to do in trad [music] fi.

[00:35:16]So, little above my pay grade, if you will.

[00:35:21]This chart we've looked at a few times, I think, is really interesting. This was the SPX over gold for a long time. You can see this chart goes back down to like, you know, back to like the 1929 crash. You had this run up. Let me get rid of this here. Hold on.

[00:35:36]You had this crazy run up, and then during the crash, gold outperformed S&P for This is a monthly chart, by the way.

[00:35:44]for 150 months. So, a decade or whatever, uh of gold outperforming the S&P.

[00:35:52]Right? Then we move to uh the '70s like inflation uh era.

[00:35:59]We had another period of time where it was a hundred another decade of gold outperformance.

[00:36:04]You can see that like when this thing rolls over, it rolls over for like a decade.

[00:36:09]2000s, post dot com.

[00:36:13]Another 140 months. And now we're here, and this has been the interesting one is like we rolled over, we broke down, but now it's like kind of reclaimed here.

[00:36:22]So, it's like is this time different? Is the S&P actually going to outperform gold moving forward? Or is this just going to look like everything else and you just want to be owning gold and commodities and stuff for the next 10 years while the S&P kind of goes through this last final gasp of AI explosion and then it kind of rolls up. Doesn't even have to go down, it'd just be like gold outperforms, right?

[00:36:47]So, I think this chart is like fascinating.

[00:36:50]And I don't I don't really know in the end.

[00:36:53]Uh but Circle is an interesting play I really like, too. Um sorry, I'm just kind of rifling through these today, but this is a play I like. Stablecoin payments and all that have been like absolutely skyrocketing and Circle is just one of the few kind of straight plays that you could take advantage of that. It's kind of been the king-made thing in America and it's got its tentacles in everywhere.

[00:37:16]So, if you kind of believe in stablecoins and maybe agentic commerce and all that, um this is this is like a huge drawdown to from like the the peak post-IPO to now is like a 67% drawdown.

[00:37:30]Like you see a basic pattern here, like the risk reward. This is like To me, this is like easy risk reward, right?

[00:37:36]Easy. Not that that's the the trade's easy, but it's just easy risk reward.

[00:37:39]It's like less stressful, you know?

[00:37:43]To me, it's more stressful to buy breakouts and to monitor them closely.

[00:37:46]Like I know some people love momentum trading. It's just I'm not as much that way.

[00:38:03]Yeah, I don't know, Dawson, cuz then that decreases like the hash rate and stuff and a lot of people look at that as, you know, a monitor of the network growing or not. So, I I don't really know. Again, you could kind of read it to it. Could be good, could be bad. I'm not sure.

[00:38:19]And when it comes to it space stocks and AI stuff, dude, Like, I there's so many places you could be looking.

[00:38:27]You know, there's meme stuff moving, OpenDoor.

[00:38:31]Eli Lilly is pretty crazy because they just discovered like that they have the patent or the tech or whatever on that LDL cholesterol shot. Dude, like this company, man, I swear. Let's see what their valuation is.

[00:38:46]They are just $1 trillion.

[00:38:51]1 trillion.

[00:38:52]And they are making breakthrough after breakthrough.

[00:39:01]Wild stuff.

[00:39:04]Look at these moves, guys. I mean, this is a drone company after they said that the US government might start investigating drone companies, up 22%.

[00:39:10]This is the stuff like this is the social arbitrage, this is the maneuvering, this is the seeing where the puck is going.

[00:39:17]Right? Snow had this crazy uh um you know, they're another like software business. Like, Snow had this crazy earnings report. Another good job like it's hard not to be optimistic right now about like the possibilities.

[00:39:32]Right?

[00:39:34]Anything else you guys want me to look at or else I will cut this and and call this a success for now.

[00:39:42]If you want, please just like hit the like button on the bottom. Like, I want to make sure that YouTube will start picking up that I'm going live more often and I'd like to kind of do this.

[00:39:53]And by the way, like I'm going to improve. We're going to do a rebrand of this setup for the Global Flows live stream too and make it a lot better um visually and um let me know if you like this. I I I really dig I really dig it.

[00:40:19]Mhm.

[00:40:25]N Q bro, first of all, let me get rid of all this stuff.

[00:40:33]Get rid of all this. I was just drawing on N Q like crazy.

[00:40:42]I mean it's crazy. I mean I don't know I just like don't know what you want to do here, right? It's like it's hard to buy up here, it's hard to sell, right? If I had gun to my head, I'd rather just be long.

[00:40:57]But like this is just it's a lock out trade. Look at this.

[00:41:03]I mean what's to say this can't happen again?

[00:41:07]Where is it?

[00:41:16]All right, so it's like from the bottom.

[00:41:17]What's to say this can't happen? Good luck.

[00:41:20]Good luck, right?

[00:41:21]Why not?

[00:41:23]Why not S&P like 10,000? I I I mean are you actually going to look back if the S&P goes to 10,000 or N Q goes to 35,000 and be like well didn't see that one come. No, dude, like we're going through the most insane change in the world.

[00:41:42]Now, could it crash tomorrow? Sure.

[00:41:45]Sure could.

[00:41:48]But like on an intraday basis for N Q, I don't know what you want. Could go down, could go up, right? I I don't know.

[00:41:57]So, sorry, that's as much as I can give you for the Nasdaq. I mean it's [ __ ] powerful, dude. Look at this.

[00:42:03]It is up 32% in 40 days.

[00:42:12]Jesus.

[00:42:15]We'll end on that. All right, boys.

[00:42:17]Thanks for coming.

[00:42:19]Drop me a comment. Support the channel.

[00:42:22]See you later.