I took a leap of faith and got into reselling.
Withdrew from my 401k and preordered 500 copies of GTA 6.
It’s the most anticipated game of all time, and when they sell out, I’ll be there waiting to corner the market. This will 2-3x by Christmas.
if im right on this & memory does not sustain the pump post $MU earnings then Q3 is going to be red and we will get discounts to buy everything, confirmed on price action beneath the lows pre-ER around $1050
mag7 still weak and still trapped in the loop of spending infinite while open source models improve for much cheaper
believe good spot to be derisking if you are up fat over the past year as stuff is up legit 100x
might be overly optimistic on the crypto side of things assuming feb lows hold on BTC & SOL, wrong if weeklies & monthlies close beneath $60k / $60 & they would likely haircut -30%+ from breaking those lows
if you dont want to take chance of breakdown beneath lows, you can derisk positions & wait for strength above $66k & $80 on weekly close which is likely when uptrend resumed on both, dont need to give this recommendation to active traders as they'll respond to pa in real time but am aware that most are not doing that so much more difficult to respond quickly
miss about 20% of upside for a higher hit rate trade
What just happened?
In just 27 minutes, the Nasdaq 100 just fell -1,000 points and the S&P 500 erased -$1 TRILLION without any major headlines.
The Nasdaq opened +1% higher then fell -3% between 9:30 AM and 9:57 AM ET.
What does it all mean? Let us explain.
(a thread)
people don’t realize that the majority of toilets go unused all day
imagine a future where your toilet can go out into the world and make money for you
imagine renting out your self driving toilet to your neighbours
It's absurd how good your life/trading get once you realize that anything above zero compounds.
Before you know it, small becomes big. With less risk. Less stress. No more blowing up. Don't need 1000% options trades. Don't need insane leverage.
Let time do the work. Compound slow/steady...and before you know it, your equity curve is going vertical and you never have to sniff a cubicle again.
So one rule: every quarter/year, do whatever it takes to finish above zero.
I'm talking markets mostly, but if the markets are puking one quarter, then cook something up outside the markets. Sidehustle. Business venture. Active income.
...and funnel it into your portfolio.
Anything above zero compounds.
$CRDO entered at 260 betting on continuation on friday
Thesis: market showed it's hand on whos the leader in the midst of the dot plot and post , AI & bottlenecks still in place and will likely continue
OBV up & higher high + volume confirmed
$CRDO & $ALAB primed for continuation.
Alongside $MRVL, the continued thesis of higher for longer and the marginal exit liqudity not being in yet cause it's "vertical" seems very plausible.
With tradifi market like it is at the moment, crypto doesn't make much sense atm
MASSIVE MACRO DAY TODAY:
NEW Fed president first meeting today!
New Retail sales data
FOMC RATE DECISION
New DOT PLOT with Kevin Warsh
Forward guidance on rates by new Fed president
Market looking for lots of clarity after inflation is spiking.
Newsletter is out with more color!
Streaming today as well!
Observe the body language in this video and compare it to other "riots" that you see.
It is cold, calm, collected...and brutal.
This is decades and decades of experience and knowledge at play.
This is not your average "chimp out".
This is the bar.
Belfast is going crazy tonight over the recent attempted beheading by a migrant.
Every Irishman I know in Belfast is taking place in riots later today. Prots and Catholic together bizarrely.
The UK gov are scrambling to bring in riot police. Irish patriots are telling every white businesses to close their doors early tonight.
Expect to see some crazy videos in a few hours. The city is going to burn
$ALAB looks like the pick for a bit.
Broke past old ATH.
Volume & OBV supporting the breakout.
Macro & bottleneck makes sense in the current AI trend.
@R89Capital It begs the question with how much volatility and opportunities there has been in stocks
Is the crypto even worth the squeeze anymore? even if it does comeback