Elon Musk is perhaps the most stressed- out person in the universe. After having to buy a declining social media platform with massively overpriced stock, his Tesla shares are also losing value. Tesla made a new low this morning, toward $187, before bouncing back. Brian and I made an amazing short on it live. You can watch our recap here. Elon Musk is paying $1.2 billion interest annually on his loan, losing $4M per day in revenue from Twitter, and has lost half of his fortune in declining Tesla shares.
It’s Election Day in the US, which means if you use a major social network, expect misleading posts everywhere. There will be a “massive amount of stories and rumors that are circulating on election night and the day after” according to researchers at the University of Washington. Elon Musk has backed the Republicans, saying he was always a Democrat. People subsequently unleashed their anger on him.
For our Tuesday Strategy session, Thor will be presenting a webinar titled: Volume Price Analysis: The How. How do you manage risk? How do you manage yourself? How do you know when your system is working? While many of these questions go unanswered in traditional trading systems, Thor will discuss them all on Tuesday night beginning at 8pm ET.
As I mentioned yesterday, I have been invited to give a talk about the US midterm elections for a virtual edition of the MoneyShow this coming Friday. You can sign up here. My talk is titled: How to Find Day Trading Opportunities with a Democratic or Republican Congress. Click here to Register.
Our Dubai meetup is in place, with Aiman potentially Joinin us from Russia. This will be the first time I have met Aiman in person if he can make it to Dubai. Click here to RSVP.
I will be missing trading on Wednesday and Thursday as I am traveling in Croatia and then to Dubai, but you can expect to see me in the chatroom on Friday morning! Sorry in advance. I hope one day that everyone in our community will have the freedom and pleasure of traveling the world wherever and whenever they wish. It is truly an unbelievable feeling of freedom.
To your success,