Transcription
hey good morning it's uh about 8:00 in
the morning on Friday and um just a
quick video update uh to kind of go over
some housekeeping and tell you to start
off this one that today is going to suck
um you know we're we're expecting some
kind of an inflation report at 8:30 and
the street is you know expecting a bad
one whatever that means uh so we're
going to be down pretty heavily this
morning I think um and that's on the
heels of of a couple of really bad days
uh in a row I mean yesterday wasn't that
bad but it wasn't good and so th this is
I'm just letting you know that you know
this is part of the game and this is why
I use Market timing I was I've been
talking about for the last you know more
than a week now that we are in a red
Market red Market means you've got to be
in the money more or at least at the
money okay depending on your trading
plan depending on your personality your
risk management your tolerance all those
things so today is going to suck why
well we got a potential of a government
shut shut down and that's never good
we've got some weird stuff going on in
the white house I'm not going to
speculate on what that is but I have my
own ideas that's not good Bitcoin was
down to 92,000 and change uh overnight
and I think it's still right around
there so that's not good for any of the
cryptocurrency exchanges miners uh
Bitcoin companies like micro strategy uh
none of those right so that's going to
suck Tesla is down because Tesla's run
up and everything that goes up
eventually comes down at some point and
so hopefully you've been in the money or
at least getting the juice and
protecting your downside um you know so
there's a bunch of things let let's go
back to the market triple witching
Friday which means the expiration of a
bunch of different kinds of options uh
at the end of the quarter and so this is
the end of the quarter also where people
are taking tax uh tax hits right or
they're taking they're they're doing all
their tax stuff they're using tax law
selling uh to go against their gains and
you know all these kinds of things are
happening in the market and so the
Market's been just selling off for
basically 11 12 days now and uh we've
only had one decent day in there and I
don't think it was that decent um and it
depends on the stocks you're in take a
look at the screen here and you can see
what's going on pre-market and you could
see everything on my screen this is my
watch list these are things that I'm
interested in there are other other
screens this is my main watch list
everything on the screen is red except
for the treasuries which treasuries suck
uh compared to what we do in the cash
flow machine and gold right Safe Haven
assets even big Bitcoin is down because
Bitcoin does does these kinds of things
when people sell off they sell off
liquid assets to raise cash for other
things this will end okay this will end
but this is what separates the good
Traders from the the bad Traders or the
weak ones I should say maybe you're not
bad you just get a little you don't have
a plan you know how I always get on here
and say you got to have a plan well you
do right this is why you have to have a
plan because I know that you're there
are a lot of people out there cuz I see
the comments here that are freaking out
and so you got to have a plan all right
let me this is a this is going to be
basically a housekeeping video uh let me
tell you what I'm going to talk about
real quick okay cuz you might have to
you might have to you know get some
popcorn Buckle in I'm going to be
talking about a few things because I'm a
little bit pissed off today so uh we've
got housekeeping um I'm going to talk
about uh the math that I put out in the
video yesterday and how a bunch of
people didn't understand it and uh you
know I guess that's on me but I thought
I explained it I'm going to re-explain
it and show you the difference in math
and then and then the the the the
explanation of how we use the system and
how mindset as you're seeing today is
going to be the most important thing
that you've got to develop okay so uh
again today is probably going to suck
but the sucking we want to get it out of
the way because on the other side of the
suck is good like a bunch of good stuff
is happening right we get weak rid of
the weak holders the people that can't
handle the truth get rid of those people
hopefully it's not you unless that's
part of your plan that's fine and then
all of a sudden the market makers are
like cool we got rid of all the people
that couldn't handle it and now we're
going to go in and buy all their assets
up for cheap and so you're seeing things
go on sale I had to use that term in the
stock market but on these big sell-offs
like you know what's what's the
difference in a company a week ago that
was trading at $480 and today it's
trading at $400 like the company didn't
change uh but the stock's down
20% uh there stocks down 10% there's
other stocks that are all over the place
right so nothing's changed fundamentally
the company what's changed the supply
and demand of the stockholder I hope
you're not following me in these trades
without knowing what you're doing the
idea is that you shouldn't just blindly
follow some bald guy on the internet and
do what he's doing because it looks
exciting I mean it is exciting but these
are the times that are tough right I
they come back I don't know when they
come back they might come back tomorrow
Monday or they might come back you know
a month from now but you've got to be
able to sit through these or have a plan
to get out and go to cash if you haven't
done it if you don't know what you're
doing shame on you I tell you every
video don't follow what I'm doing learn
from what I'm doing understand what I'm
doing that's why I made 18 videos in
this micro strategy Series so that you
understand hey the Market's going up
here's what I'm doing the Market's going
down here's what I'm doing I'm not
saying I'm the best Trader in the world
I'm not telling you that you're going to
make a gazillion dollars I'm telling you
I'm doing it this way right and if you
want to do it this way great just know
what you're doing two kinds of people in
the world educated people and uneducated
people right trained and
untrained you know if you're trained in
something that's awesome if you're
untrained in something that's also
awesome but understand that you're
untrained you're uneducated and get the
education you have the ability to fix it
don't just follow people that do things
on the internet because it looks good I
don't care what it is right I don't care
if it's an only fans account or whatever
anyway I don't have an only fans account
anymore I closed it because people got
tired of looking at my really sexy feet
anyway so I want to start explaining to
you the math but to set it up I have to
give you an example of what realized
versus unrealized is because some people
in the comments last night frankly piss
me off right and and some of you are
like oh your math is off and okay great
my math may be off I don't think it is
but that's the way I do my math and
that's the way I've done it for 40 years
and I'm old now so I you know like
you're not going to make me use this new
math that you have and question the
things that I have great I love it when
you question but if you question to
snipe me if you question to troll me if
you question to say that I'm doing
something underhanded I'm being the most
transparent that I can possibly be I'm
putting my videos up practically every
day about what I'm doing so if you're
saying that I'm you know hiding
something like what the hell are you
talking about dumbass I'm putting my
videos out there so that you can learn
if you don't want to learn don't watch
my channel don't comment like if you
think that you know you don't like my
zit on the top of my forehead okay maybe
that's a comment that you could make and
I'll try to put a little makeup on it or
something but if you're telling me that
I'm not being transparent like shame on
you go watch somebody else's Channel man
I don't need you I want people that here
are here to learn and most of you are
here to learn so thank you and by the
way I don't want to just harp on the on
the the wrong answers on the test like
the teachers did I want to harp on the
people that did uh that did comment and
that you guys are appreciating what I'm
doing and you're learning from it and
that's the whole thing here like we're
all humans trying to get better and I'm
just trying to share information all
right so we have realized and unrealized
positions just so you know and this
might be basic for a lot of you but a
realized position is a position that
you've closed that you've taken off the
table right in every trade you open a
trade and then you close the trade when
you close it it's a realized position a
trade that isn't closed it's still on
the books it's open it moves around and
fluctuates with the market value that's
an unrealized position right I mean I
probably don't need to say that but
realized positions or closed positions
unrealized positions still are moving
around with the market okay the value
hasn't been taken off the table if you
want to realize what everything is all
together you take your realize in your
unrealized position you net them out and
that's what your gain is now I showed
this spreadsheet yesterday and then I
showed a screenshot of what is actually
going on in my account and some of you
just blew off the screenshot and didn't
say that I and said that I wasn't
telling you what it was well go back to
1638 on yesterday's video and you could
see the screenshot the actual live
screen
and what the value of my base position
was I'll show I'll show you what I mean
and I'll make it simpler today so you
can understand cuz maybe I wasn't you
know I wasn't clear and I want to be
clear okay um I don't want anybody to be
misled by anything so you remember
yesterday I put the spreadsheet up of
all of my trades most of them are closed
the ones that are not closed are this
base position that's this section up
here that's the base position the 250s
that I have which are in a little bit of
trouble today I will be I will be honest
about that uh because the stock is you
know looking look like it's going to you
know be around $310 or $320 today when
it opens I don't know probably go lower
if it does I've got a plan for that and
I'll talk about that in a minute if I
don't talk about it in a minute I'm
going to plan on rolling those down
because I still believe in the stock I
just don't want it to get under my $250
strike price that's all okay so there's
three sections of this there is the base
position cost now I still have a base
position some of it's realized and some
of it's unrealized but primarily I have
seven positions open according to this
sheet right so this is how much my base
position has cost me right from the
account so I still have that as an
unrealized position seven contracts are
open and this is what they've cost me
boom that's number one number two what's
the base position market value so if I
wanted to sell it right now how much
could I get for it well I could get
120,000 if you go to 1638 on the video
from yesterday it's
12,780 it's not some convoluted thing
that it's got to add the 250 plus how
much I paid for like that's the market
value if I sold it right there
everything would be closed there would
be nothing left because there's only
seven contracts in the base position and
if I close those the the account is Cash
the macro strategy portion of the
account is cash right so you got your
base position cost and if I were to sell
it right now or sell it yesterday uh
like I showed you on the video it was
worth 120,000 yeah it's down like the
stock is down $220 like what do you
expect me to make money every week some
of you trolls right oh yeah you're down
in your position great trade screw you
man like I'm trying to explain you what
what the point is and I'm going to get
to get to that but if you bought it for
223 and you sold it for 120 that sucks
I'll admit that sucks but you know what
doesn't suck the third part of this and
it's all of these trades that I've been
showing you for the last 28 days okay 28
days I've shown you all these trades
these are all
closed these are all closed they're
realized here's the number
10472 is the gain on all of these closed
positions go add all this stuff up even
my mistake here and my mistake here add
them all up it's
$104,000 now we take number one the cost
of the base position okay the market
value if I were to close it I call it
the walkway value like if I closed
everything out right now here's how much
I would get on this trade and I might
close it out I don't think I'm gonna but
I might like I don't think anything
fundamentally has changed with micro
strategy except bitcoin's gone down but
okay that that could be something that
could be a reason to close down but
that's not in my trading plan but I
might do it like I don't know so I've
got the 223 that I've paid and then I've
got the Bas position market value if I
were to close it down right now 120,000
it's dropped below that because the
Market's uh pooping right now so uh but
then I've gained 104,000 so as of when I
made that video yesterday I I've gained
13297 like for a month of work and a lot
of you are like hey great trade you
broke even after a month the stock is
down 220 bucks that's a cool thing isn't
it like most of you get this right if
I'm in a stock and it goes 20 down $220
and I'm still even like that's a pretty
good trade or at least it's not a bad
trade like I I could I could sell it get
out and break even right but what I'm
doing is I'm making 15,1 $5 $20,000 a
week from the juice and that's adding to
this 104,000 these are realized
positions and so that number is going up
I own the position for for free is my
goal eventually but for right now I
haven't lost any money on the position
and by the way I sold another contract
on it yesterday at the money the 430s
okay
so you know that's the math right it's
just math it's I don't know what your
math is but my math is I take much I
paid how much could I get if I sold it
right now it's going to be less today
but anyway using using yesterday's math
and then how much have I made on the
closed positions like there's no other
math there's nothing in here there's no
adding to the base position there's this
is the value 100 1,32 big deal or that's
awesome you um you gained 1,32 in a
month but you still have six months left
to sell against your
calls you know there's lots of different
ways to look at it I guess I can say
well I paid uh you know
$223,000 for this and it's only worth
120,000 but since I've got this I'm now
you know I'm I've lowered my basis so my
risk is way less than it was when I
started that's another way to look at it
all right enough on that I think you
kind of get the math if you don't get
the math I don't want I don't want you
to comment I think I'm being really
clear on the math I think of be one more
time I paid this I could get this if I
sold it right now and I've already made
this juice in the last 28 days can I get
any more transparent than that trolls I
don't think so so don't comment like
don't tell me that you don't understand
what I'm doing I've been you go back and
watch the micro strategy series uh and
and and see if any of this makes sense
and if it doesn't make sense don't trade
it but don't tell me that I'm wrong this
math is not wrong all right enough on
that now let me explain to those of you
that are still with me and that still
care about what I'm doing um you know
this is going to suck today for me and
for you and for everybody right nobody
likes selling unless you bought puts
right even selling puts you're not going
to like today so if you bought puts cool
I don't buy puts that's expensive
insurance for me but boy I would have
been smart but these black swans don't
come about every day you know where the
stock market drops $1,100 in a day and
then follows on and it's going to follow
on P possibly today unless we have a
good inflation report or the government
doesn't shut down or whatever right
whatever other noise there is all right
I want to take you through my system
because a lot of you are asking because
maybe you didn't watch the first video
um of the series and follow it along
you're just asking questions because you
watched that last video and you go oh
that's cool you made $104,000 I did make
$114,000 in Juice okay but I'm even as
you know all right let me let me just
get back to my agenda here all
right the system is simple okay it's
simple but not easy or easy but not
simple what whatever they say about that
it's actually simple the way I think
about it you buy a base position you
sell against it okay when you sell
against it you get time premium there's
two parts of a premium in an option
there's the in the money amount if it's
in the money if it's not the in the
money amount is zero you get that
there's the in the money amount and the
out of the money amount that's it
there's no two there's no no other
components of the premium the price of
an option
so you've got your in the money amount
and you've got your out of the money
amount I don't like the out of the money
amount that sounds like a third grader
says it I also don't like extrinsic
value that's like a lawyer says it I
like juice okay this is the juice we're
after this juice and every week you sell
the juice and you buy it back for almost
nothing prior to expiration every week
this is what you're after is this part
here the in the money amount is going to
move up and down now either it's going
to be deeper in the money or it's going
to be deeper out of the money you know
and there in which case there's zero
value but I don't care about all that
and this is what most of you don't
understand or not not most of you a lot
of trolls don't understand is that I'm
not here about the in the money amount
I'm not I'm not here for the micro
strategy going up or Tesla's going up or
you know Nvidia is going up or down
that's not what we do that's what
everybody else does in here what I do is
I care about this
now this has been good because it's
buffered my account but it hasn't been
awesome because the accounts you know
the the the price of the thing has gone
from a high of 543 down to 320 or
wherever it's going to open today okay
that has not been good so you know could
I have predicted the stock better I
don't know most of you were saying that
I was a fool to be selling at the money
because this thing was going to take off
because I got Nas you know added to the
NASDAQ 100 I don't care what the news is
guys like I don't care there's news
there's news in every stock there's
there's fud fear uncertainty and doubt
in everything you're going to trade if
you listen to Kramer um you know he's
going to tell you one thing and he's
usually wrong so do the opposite by the
way um but there's always going to be
news there's always going to be people
trying to scare you out of your stock
that's wall Street's game trust me I was
on Wall Street I know this game and I've
seen this for for 45 something years now
I've watched people get taken out of
their stock at the worst possible time
now if it's part of your plan cool all
right so that's what we do is we it's a
simple thing we buy the position the
base position we sell the juice against
it the juice over time if the stock
doesn't go out of business or if the
stock doesn't tank you know incredibly
and you know we try to protect the
account during bad markets so we try to
be in the money or at least at the money
to maximize our juice so that we have
some cushion and in markets that are
going up maybe we're at the money and
maybe a little out of the money right to
try to maximize if it's going up it's
not that hard right but most people
never hear this everybody else that
talks about covered calls on Wall Street
talks about buying the stock and selling
out of the money well if you've been
selling out of the money while the stock
has been dropping 200 points you haven't
really been helping yourself notice how
I've done a lot of Trades at the money
and a couple of trades in the money that
have saved my bacon
right so that is that's that's what I'm
trying to show you here so that's the
way the system works we try to buy the
right stock which I think we have in the
right Market which we don't have right
but I'm not entering the position here
and I generally don't go to cash by the
way but you could you could make that a
part of your plan right stock right Mark
at the right spot on the chart right
which we're not at we're in a
consolidation or a drop and then we
squeeze the juice the juice is the
biggest component of probability in our
favor because that's outside energy
coming into our account every week so
every week we some Gambler is paying us
juice to have the right to take our
stock okay now the stock could go up
over the strike and I want to address
that if it goes over the strike I'm
thrilled why am I thrilled everybody's
like not everybody but a lot of you are
like well if you're if you're uh over
the strike you're going to get exercised
or assigned or whatever you call it
right um you're not I don't get EX I
show you every trade like there's been
like two that I've let
expire right the rest of them I roll I
buy them back before expiration I roll
to the next strike collect that juice
buy it before respiration roll to the
next strike collect the juice if I focus
on this you know 15 to 20 bucks a week
that I'm getting per share or $1,500 per
contract
eventually as long as the stock you know
doesn't fall
precipitously further especially now
then the juice is going to be basically
be buying down the price of the base
position eventually it's going to be
free in four weeks I've cut it in almost
half right in eight weeks will I have a
free position I hope so right my base
position I don't know what it's going to
be worth but I'm probably going to roll
that down today to to protect the in
the- money value of that make sense
still got six months left all right the
goal here is not to pick the stock not
to pick the direction not to know which
where it's going where it's stopping
where it's going and how all these
people are you know figuring out where
micr my goal is the juice right and you
can walk you keep watching these trades
I'll put them out there you know I may
not be I'm probably a little embarrassed
that I've been in the stock you know
from from this whole range maybe at the
same time I'm a little bit proud that
I've kind of shown you that you can
collect juice every single week and
preserve the value of the account right
I'm breaking even on a stock that's gone
200 bucks I think you see the power of
that right most of you anyway all right
my goal is to reduce the basis on my
stock or my base position to zero but by
collecting that juice okay you get that
all right everybody needs to have a
trading plan okay if you don't have a
trading plan if you're just following
some you know somebody on the internet
please don't do that have a trading plan
why do you have a trading plan this is
my this is what I preach to everybody
that's in my program is like they asked
me a question I'm like well what's your
trading plan say because you're not me
and I'm not you and I'm not you know Joe
John Doe on the street right because
we're all different you may not be able
to handle the kind of moves that I can
handle because I've been doing this for
40 years or maybe you can you may not be
able to handle a stock like Tesla or
micro strategy maybe you should be an
apple maybe you can't handle apple or
maybe it's too boring for you
everybody's different but what is your
plan what is your plan for the markets
are going up when the markets are going
sideways or the markets are going down
what is your plan what is your plan for
risk management are you going to cash
you know are you trading too big are you
having trouble sleeping at night because
you've bought too many contracts I don't
know what your plan is so you can't ask
me like what should I do I can't tell
you what you should do I can tell you
what I do right but I'm not you and I
got a lot of experience in this a lot of
Decades of experience okay last concept
and I touched on it before we rarely get
assigned okay we're short these calls
and they're sometimes in the money and
most people think you're going to get
assigned we rarely rarely I can't say
never but I say rarely get assigned
because we roll them and if the the
cheap bastard
that that buy options we're the sellers
so they buy them from us the cheap bards
to buy options if they wanted to buy
micro strategy at $400 they would have
done it but they're not doing it they're
trying to buy it cheap have an option
and you know double triple quadruple 10x
their money so they're spending less
money but the chances of them making
money on that are pretty slim they don't
realize it we do because we sell options
okay so we rarely get assigned now the
last thing and I'm going to kind of
finish a couple housekeep housekeeping
items here the last thing is some of you
think that this game is always Rosy and
so you're sitting there on the on the
side with no skin in the game and you're
waiting for me to screw up okay and then
you go look look the bald gu screwed up
okay cool you know this trade may not
work long term maybe I just lose all my
money on this micr strategy trade I
don't think so I've done this for a long
time and this is part of the game stocks
go down and the stocks rip your face off
back going back up but you know what
I'll I'll let you know like I don't win
in every single trade but I get the
probabilities on my side I think I'm
doing this right right been doing this
for a lot of years I think I'm doing it
right trying to show you um it's not
always Rosy though it was great a couple
weeks ago remember when stock was going
up and I was putting all this juice into
the account I'm still putting the juice
in the account but now people are like
oh yeah but your base position is going
down in value yeah it is that's what
happens with stocks they go up they go
down they go sideways stocks move around
some of the big ones that pay a lot of
this juice like micro strategy and Tesla
pay a lot of juice because there's a lot
of volatility you got to be able to
handle that or trade a different stock
it's not always Rosy that's what I'm
trying to say
okay uh some of you know that I'm having
a program a live Workshop it's a
four-week thing that's happening on
January 15th um I I am running out of
seats for that I I do mentorship in that
program I like to keep my group small
and um and and I like to I like to get
to know people in there and there's been
a lot of demand frankly and I'm
basically going to be shutting it down
pretty quickly here so we're running out
of seats that's not like a sales Ploy
like oh my God you've got to get the
seats I'm just letting you know like if
you don't take action or if you haven't
taken action and you click on the button
and there's no seats and you have to
join the wait list for the next one uh
I'll run another one there's been a lot
of people that are you know on the fence
and they haven't signed up and that's
cool like I'm not a pressure guy I'm
like hey here's what we're doing if you
want to take advantage of this cool
program uh I am running out of seats so
I just want to be totally transparent um
and I don't know when you're watching
this but I could be out of seats by the
time you uh you uh do this uh I think I
did mention that I sold another call so
I didn't do a video on it because this
Market's been crazy and I've been doing
a lot of coaching frankly uh for all my
Mastermind people and for a lot of
people that are uh that are you know
getting training from us so you know I
can't make a video on all this stuff
anymore uh I think I've given you an
idea of what I do the Market's been
declining and I think you're getting an
idea of what I could do could I have
done things better yeah I've probably
made a couple of Errors I could have
rolled sooner you know but that's the
way it goes I'm still showing you what
I'm doing it's just I'll probably be
doing fewer videos on micro strategy as
we go forward just so you know uh
because I don't want you first of all to
rely on what I'm doing second of all I
think a lot of the learning has happened
you've seen me write it up you've seen
seen me write it down I've shown you the
math on it um I've shown you the
philosophy if you're getting in and
watching this video you're probably not
even understanding what the heck I'm
talking about so you may want to you
know jump back and watch the other
videos and this listen it's almost like
I put a course online for free here this
micro strategy uh series which still to
me has six months to run as I said here
this morning is a is a is a class on how
to handle the life cycle of a trade I
think we're just at at the beginning of
the like life cycle of the trade but
there's a minicycle in between that it's
gone up it's gone down I think it's
going to go back up I don't know maybe
it doesn't but I'm going to sit here and
collect the juice for as long as I can
all right uh I think I've gotten through
my list of housekeeping items and things
like that sorry about the long video
guys but uh you know I was I got a
little bit mad about you know some of
the people that didn't understand my
math or were questioning me and my
Integrity I don't like that right like
don't question my integrity that's one
of the one of the Four Agreements right
if you ever read that book Four
Agreements don't don't question
somebody's intent or Integrity I'm
trying to teach people how to do this
and you know I have courses yes I have
courses because I like to teach people
how to do this the right way but I'm not
you don't have to buy the course like
you can learn a lot of stuff just
watching what I'm doing but just know
what I'm doing rather than follow what
I'm doing if you know what I mean right
all right listen thanks for your time if
you stuck to the end God bless you you
got you got to hear me rant uh for about
a half an hour so U thanks for sitting
here thank you very much for those of
you that do give me your support and you
guys make those great comments and you
tell me that I'm you know helping you
and all that stuff I love to help people
so that's my thing so keep those
comments coming those of you who are
trolls like ask
yourself if you're trolling me where
else is this showing up in your life
right it's one thing to question because
you don't understand it's another thing
to criticize because you just want to be
negative and you want me to fail and if
you want me to fail I don't want you on
my ch Channel okay cuz I'm trying to
help enough other people and you know
what I'm probably not hearing from 90%
of you who who uh who like my channel
and thank you so much for doing that by
the way if you haven't liked and
subscribed and done the notification
Bell please do that because it helps me
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other people and maybe I can help them
or at least maybe open their eyes to a
new way of thinking which is what this
whole thing is by the way all right
listen thanks again uh I'll catch you
later bye hey it's Mark Yi and if you
haven't subscribed to this Channel
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