Chapters
00:00 Intro: The Quarterly Check-In With Cookie_M
01:37 Cookie_M: Open to a Consolidation at 371
03:39 Cookie_M: Rates and Inflation Aren't the Story
05:11 Cookie_M: Stuck in 2022 Narratives
07:45 Cookie_M: A Bull Market That Could Last a Decade
08:46 GP: What If It's Not Just Nvidia?
10:17 Cookie_M: AI Is Bigger Than the Internet
11:50 Cookie_M: Every Pullback Is an Opportunity
13:53 Cookie_M: Chips, Enablers and Everybody Else
14:53 Cookie_M: The QQQ and the S&P
17:56 Cookie_M: Bitcoin, Ethereum and Regulation
22:59 Ben: A Thousand Dollars to Allocate
24:32 Ben: Trading Around a Position
25:34 Nick: ATR Risk and ABCD Legs
27:07 GP: Scaling Into Tesla
29:40 GP: A Concentrated Investor
34:17 Cookie_M: Why Swing in a Bull Market
37:18 Cookie_M: The Volatility Spectrum
41:26 Cookie_M: Swing Sizes and Scalp Sizes
43:30 Cookie_M: Core Positions and Scaling Out
50:40 Cookie_M: Weekly and Monthly Signals Only
53:12 Cookie_M: You Don't Need a Bunch of Stuff
55:14 Ben: Using Swings to Build the Core
55:45 Cookie_M: It's a Mental Game
57:18 Nick: Afraid or Know Better Than the Market
58:18 Cookie_M: The QQQ Monthly and the 2020 Analog
1:01:27 Cookie_M: Worst Case 325
1:03:31 Praying for Dips
1:04:32 Cookie_M: How Likely Is 347?
1:07:39 Cookie_M: Catalysts With Smaller Impacts
1:10:14 Cookie_M: Misaligned Expectations
1:10:44 Fib Retracements
1:12:16 Wrap-Up
Chapters
00:00 Intro: The Quarterly Check-In With Cookie_M
01:37 Cookie_M: Open to a Consolidation at 371
03:39 Cookie_M: Rates and Inflation Aren't the Story
05:11 Cookie_M: Stuck in 2022 Narratives
07:45 Cookie_M: A Bull Market That Could Last a Decade
08:46 GP: What If It's Not Just Nvidia?
10:17 Cookie_M: AI Is Bigger Than the Internet
11:50 Cookie_M: Every Pullback Is an Opportunity
13:53 Cookie_M: Chips, Enablers and Everybody Else
14:53 Cookie_M: The QQQ and the S&P
17:56 Cookie_M: Bitcoin, Ethereum and Regulation
22:59 Ben: A Thousand Dollars to Allocate
24:32 Ben: Trading Around a Position
25:34 Nick: ATR Risk and ABCD Legs
27:07 GP: Scaling Into Tesla
29:40 GP: A Concentrated Investor
34:17 Cookie_M: Why Swing in a Bull Market
37:18 Cookie_M: The Volatility Spectrum
41:26 Cookie_M: Swing Sizes and Scalp Sizes
43:30 Cookie_M: Core Positions and Scaling Out
50:40 Cookie_M: Weekly and Monthly Signals Only
53:12 Cookie_M: You Don't Need a Bunch of Stuff
55:14 Ben: Using Swings to Build the Core
55:45 Cookie_M: It's a Mental Game
57:18 Nick: Afraid or Know Better Than the Market
58:18 Cookie_M: The QQQ Monthly and the 2020 Analog
1:01:27 Cookie_M: Worst Case 325
1:03:31 Praying for Dips
1:04:32 Cookie_M: How Likely Is 347?
1:07:39 Cookie_M: Catalysts With Smaller Impacts
1:10:14 Cookie_M: Misaligned Expectations
1:10:44 Fib Retracements
1:12:16 Wrap-Up
Market Hours #72 was the quarterly check-in with Cookie_M, streamed live on Monday morning, June 19, with Ben, Nick and GP (GP left early). Cookie_M said rates and inflation are no longer the story, and that an AI-driven bull market could run for a decade. He walked through his volatility-spectrum framework for swinging, scalping and holding core positions. He also mapped the QQQs' monthly levels: 371 resistance, 355 and 347 support, and a worst case of 325.
Cookie_M's setups, levels and trades
Cookie_M said "I mentioned 371 on QQQ a couple of weeks ago and we got to that level last week," and it "could Mark the beginning of a consolidation but not necessarily." "I don't think rates and inflation is the story anymore." "There's this humongous narrative that's taking hold which is innovation and Technology again." "It's a bull market driven by certain macro Innovation Trends." "I think we could have 10 years," and "we could see 18 months two years two and a half years of just ramping" bull action with "pretty decent Corrections." AI is "an order of magnitude bigger than the internet," so "all consolidations all pullbacks will be opportunities in a bull market." On stock picking, "I don't pick stocks," and "there's no better ETF than the QQQ and the s p there really isn't." On crypto, "Bitcoin is likely to survive and continue ethereum is likely to do the same," and "I don't think regulation will kill crypto I think it will enable it." Asked where he'd put a thousand dollars, he said of Tesla, "I think that's definitely the best trend currently."
On swinging, "while we're in a bull market... it makes sense to hold positions as opposed to opening and closing positions every day." His framework ranks holdings "from left to right least volatile" to really volatile, with the indices on the left, which "I'm going to swing only." For SPY, "I will never scale out." He holds Microsoft with a core "that might be... 50," and for Tesla, "my core position might go down to 30 meaning I am willing to scale out 70 of that position." "When Nvidia gets to 448 or 440 I won't be holding more than 30 of that position." For natural gas, "my core position is actually going to be zero." "I'm going to use weekly and monthly time frame only for swings." Beyond the QQQ, SPY, Apple, Microsoft, Google, Tesla and Nvidia, his whole book is "probably 10. maybe 11." "It's a mental game it's not just about prices and charts and numbers." "Just get in anywhere... but just don't buy huge."
On the QQQ monthly, "347 could be the low of the month," and price got to "the top of this green area which is 371." In 2020, the same resistance "set up a consolidation which was pretty violent that lasted two months." "My worst case scenario which is still bullish is we get down to 325." "Whilst we hold 347 the market is fine," and "whilst we're below 371 we're open to a consolidation between 347 and 371." "355 is the weekly low on the QQQ so that is my next level support." "With each passing Catalyst we're seeing the subdued effects in price." "The biggest mistake I think we make is humans and Traders is misaligned expectations."
Nick's setups, levels and trades
Nick said that on a trend trade, "I'm generally going to be setting my initial my risk based on the the weekly ATR whether it's 1 or 2X." "I'm going to end up taking a portion of my position off at at 2x ATR," and that "puts me in a risk-free trade." "My favorite patterns of trade are a b c d legs," and on a B-point breakout he takes "70 of the position off when that D Point gets reached," letting the other 30 run. "I'm not as as good at building into positions it's definitely something I'm working on." The people who aren't involved "are either the people that are afraid thinking that they missed it or two think they know better than the market." "How well do you know yourself and how stuck in your ego like really are you."
Ben's setups, levels and trades
Ben asked Cookie_M where he would put a thousand dollars: Bitcoin, Ethereum, Tesla or Nvidia. On managing positions, "I legging lower right I keep buying as it goes lower and as it starts going higher and I reached my price targets I start selling some of that off." "You can also use these swings as way to build that core position higher," adding and trimming "until you're at that allocation."
GP's setups, levels and trades
GP asked "what if it's not just Nvidia," and "what if the Nvidia guidance is just the start of of the conversation." He scales in tranches. On Tesla, "I started adding around 198," and "I stopped around the 116 was the last buy for me." "It's usually about three to four batches that I will... continue to add on." "I'm more concentrated investor versus the Diversified," and "I like staying concentrated because that generates some of the biggest wealth." "In 2019 I think at some point Tesla was like 60 of my portfolio," bought at "a horizontal support of the last five or six years," and he sold Apple to buy more because "it was a generational opportunity."
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