added:
added:
JUST IN: Robinhood halts 24 hour trading.
• Google $GOOGL: -11%
• Amazon $AMZN: -10%
• Microsoft $MSFT: -9%
• NVIDIA $NVDA: -11%
• Apple $AAPL: -10%
• Meta $META: -10%
• Tesla $TSLA: -10%
Hope you held on. The vol in pre market is spiking past 50 and obviously prices pre market are down over 3%. Probably will double (again) your put value if this holds.
There is an old Wall Street saying, “It is better to be lucky, than smart”. As of this writing, the odds are with me. Could brokerage outages be part of the “Plunge Protection Team” emergency plan? Maybe. What other actions does Fed/Deep State have planned?
Well they sent Fed member Goolsbee out pre market to say the Fed would “fix the economy”.
How many Joe nobody go to jail for market manipulation and this is just standard behavior by the elites. Maybe Congress will have some random dude that tweeted that the market would crash before their committee.
Better to be lucky.
It’s not just Wall Street.
Can apply it to sports and other areas of life.
Did you see or hear about the 100m sprint ?
Next 100 days will be a walk in the park!
Next 10 days will be a walk in the park lol
From perplexity ai:
“The Dao of Capital” by Mark Spitznagel outlines several key principles of Austrian Investing:
- Roundabout Approach: Emphasizes intermediate positional advantages and long-term gains over immediate profits, inspired by Daoist philosophy.
- Intertemporal Decision-Making: Focuses on seeing time differently, aiming at indirect means rather than direct ends.
- Monetary Distortion Awareness: Identifies and reacts to central bank-induced market distortions.
- Tail-Hedging: Uses options to hedge against market downturns, though this is complex and not easily accessible to average investors.
- Value Investing with Austrian Insights: Selects undervalued assets less affected by monetary manipulation[5].
Sources
[1] Are There Successful Investors Who Apply Austrian Economics … https://www.reddit.com/r/austrian_economics/comments/1d58cwj/are_there_successful_investors_who_apply_austrian/
[2] Austrian School for Investors: Austrian Investing between Inflation … Austrian School for Investors: Austrian Investing between Inflation and Deflation
[3] The Five (okay, ten) Essential Books in Austrian Economics - Econlib The Five (okay, ten) Essential Books in Austrian Economics - Econlib
[4] Book: Austrian School for Investors - Incrementum https://www.incrementum.li/en/book-austrian-school-for-investors/
[5] The Dao of Capital: Austrian Investing in a Distorted World https://www.amazon.com/Dao-Capital-Austrian-Investing-Distorted/dp/111834703X
The fact that Schwab, Fidelity and Vanguard were all down is entirely coincidental Nothing to see here. Move on.
Plus TD Ameritrade and E-Trade
And there is no Deep State
Hate to have the market makers take a hit. SPY241031P500 Oct 31 2024 SPY put strike of 500 opened at 27.34. In first 30 minutes it dropped to 16.
No worries Congress will get one of the Wall Street Bets guys in front of them because those are the guys doing the market manipulation.