The Hindenburg Omen. Lots of chatter because it was triggered yesterday. What is it? The indicator signals a market downturn when several conditions are met, including the market being in an uptrend, a high number of stocks hitting both new 52-week highs and lows on the same day, and a negative reading from the McClellan Oscillator. It was created by Jim Miekka in 1993.
In my view it’s NOT something you can blindly trade from. Just like the Zweig breadth thrust (ZBT) they both have a failure rate. Still fairly accurate signals but both perma-bulls & perma-bears ignore this fact. These signals aren’t foolproof & for day & swing trading I don’t consider either of them beneficial.
The most memorable interview I did this year was w/ Stanley Druckenmiller, who famously made $1B shorting the British Pound.
The trading legend's track record includes a 30-year stretch returning 30%+ a year (without a single down year).
Here are 8 investing lessons🧵
1/ On How To Secure Your NFTs
Where are your NFTs out in the metaverse?
How do you store them?
How do you keep people from stealing them?!
How do you pass down your Grails to your grandkids?
Let’s find out!
Many want a scientific B&W answer to trading. While we use science to increase our probabilities, a big part of trading is art. Thank God for that; if it were purely mathematical everything could be programmed into a computer and there would be no inefficiencies or opportunity.
Kanye West was recently named a billionaire by Forbes.
But did you know he was in $53M of debt just four years ago?
This is the story of how one negotiation changed his life forever and why betting on yourself is always the right move.
Time for a thread 👇👇👇
Surface of Mars captured by the Curiosity rover 🔴
It's 🤯 , I'm looking at another planet. Millions of miles away. In space. I am looking at the surface of a planet people only managed to peek a few hundred years ago. The world is tiny compared to what's out there. @elonmusk