We are hanging out in Newport Beach for a week.
My wife and I lived here for about 10 years during the 1970’s…it’s where we met and got married. It’s not the little beach town it was so many years ago but we still love it and have wonderful friends here.
I have a favor to ask…check out Stocktwits.com and let me know what you think.
Howard Lindzon and his Stocktwits team put on the Stocktoberfest conference I just attended in San Diego. Howard is a really smart guy, knows a ton of people and puts on a world class, rapid fire event that attracts the forward thinkers and serial disruptors in the fin/tech space.
There is a lot going on and things are changing fast in the way we experience all things “financial”.
Stocktwits is about sharing stock ideas. I just joined so I’m no expert and don’t have an opinion yet. I do think it’s worth checking out and would love to get your feedback.
Just go sign up…it’s free. If you share your feedback with me I will either buy you a brand new Tesla or a small bag of Fritos.
Here are some of the presenter companies at Stocktoberfest you might want to check out…
Trigger
Sparkfin
Robinhood
Voleo
Wise Banyon
Finova
Click IPO
Our Crowd
Apple Pie Capital
Modern Trader
Trade Ideas
Tasty Trade
BUZZ Indexes
That’s just a few.
Millennials are driving massive changes centered around social media, demanding and creating better experiences through technology and striving to solve existing problems.
As in…fuck Wells Fargo, take your shitty bank fees and put them where the sun don’t shine, quit trying to sell me financial products that help you…not me, stop predicting how the stock market will perform, level the playing field for access to institutional investment opportunities…the list goes on and on.
Also, subscribe to HowardLindzon.com if you are interested in some cool stuff going on.
Social media is starting to play a larger role in everything we do. Stay tuned to the conversation going on that is changing our world.
My particular journey has been about technical analysis. When I began studying it over 30 years ago it was considered voodoo science. Now, it’s almost mainstream. It’s discussed on mainstream media and utilized by many Wall Street firms. The idiots are finally starting to understand the importance of technical analysis and how it helps to manage risk.
Managing risk is the most important aspect of investing. And, in my opinion, technical analysis provides the best way to accomplish that goal.
Price Matters.
I felt a great sense of affirmation at Stocktoberfest. People smarter than me agree that technical analysis is more important than fundamental analysis because it provides a framework whereby you know when you are wrong. It’s not about predicting price, it’s about using price to accomplish your goals.
I don’t know how social media distribution channels will correlate to equity price action but it certainly is worth exploring.
In the meantime I’m sticking to what works for me, I’m a committed life long student and I will continue to share what I have learned until I decide to just sit in my Tesla, eat Fritos and go ludicrous.
I can’t believe I just did this update without any charts…
Continue to hold open positions. I might be wrong on EWZ short. I love knowing when I’m wrong early. You should too.
OK…enough writing. It’s 7:40pm Sunday night and I’m tired. You should receive this tomorrow as my son, Jeff, formats my musings and gets them sent out. Jeff just arrived in Chicago and is busy with contract negotiations this week to provide a new trading technology to the largest futures brokers in the world – another fin/tech disruptor.
Hopefully he has time to send this out tomorrow to all of you wonderful people who put up with my stuff.
Thanks for hanging with me.
Trade Smart,
Don
PS…feel free to forward this one…thanks