To The Moon

takeaways from yesterday:

- it was healthy to see a -3% day on $SPY, really needed to have some type of pullback after 5 months

- crypto liquidations were bigger than FTX and Covid, signaling to me that perps contracts, leverage, and sheer number of new crypto participants is greater than ever before

- october is historically the most volatile month of the year, so $VIX spiking is normal in this month

- trump looks like he is using the April strategy to gain leverage on China, his comments afterhours were similar to what he did months ago, indicating this might not be as serious are markets are expecting

- rates are being cut and earnings are strong, those 2 reasons are why I am not interested in selling anything but rather would be looking to buy on any meaningful opportunities

- really dont like the froth no revenue nonsense garbage thats pumping, those companies getting a reset is not bad

- if you are gonna get the massive green days you have to be prepared for the massive red ones, we just havent had the red ones for a while but it is inventible

- fund managers are likely salivating for more pain so they can buy in, nothing trump said yesterday actually changes the AI or earnings picture we are in so I do think money is getting ready for better deals

- algos, margin calls, stoplosses, and a high number of new investors will make every drawdown more aggressive simply because of all the new players in the game

- the stock market is a ponzi, but it’s the best ponzi out there so buying and DCA’ing in these moments tends to work long term if you invest in solid companies and if the opportunity further presents itself, i believe more investors will take advantage of it