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Meta Platforms stock discussion

yesterday

The fed should NOT cut rates today. GDP was just revised upward. Manufacturing is white hot after yesterday’s release. Inflation is closer to 4.8%. Yes. 4.8 is the actual number. You see the government uses discretionary variables in their release so they can make cpi, pce and poi look anyway they want to an extent. Goldman and fed bank of Atlanta just called all of this out. To cut rates would create a liquidity bubble that would make this already over priced market run another 25%. As the earnings gap will now show the market is under priced. It would great the biggest bubble in the history of the world as we know it. We will mirror the 1965 rate cut and the 1998 rate cut but the following crash will be like nothing even conceptualized. So if the fed cuts the rate, hyper inflation and bull run for 2 months then our treasury auctions go haywire and we are in a depression by July. Market corrections of 70%. Fed holds rates and we sell off hard now but we rebound in 5 months. Option 3 is they cut rates and Wall Street gives the middle finger to Powell and sells off anyway because we just can’t trust the numbers. Our system is flawed. I’m now in 97% cash. I’ll have a long dated straddle on the qqq along with positions on with smaller little stocks. Tread lightly today. Be very defensive.

2 days ago

Meta after Cut Rate News and coming Earning News

Jumping Up /Down again
based on crab harmonic pattern

5 days ago

this week 5 years ago, I had my biggest loss in one day. 20k. I thought I was out for good, but I was able to rally back many times over since then. To those on here who have blown up accounts many times over, I say to you that you can and will make it. The best thing you can do is study, back test, and establish your "why". My why is I didn't like someone telling me how much I was going to make an hour or a year, I didn't like doing paperwork when I was a financial analyst, and I didn't like being told how many vacation days I got in a year. Find your "why" and your purpose, and if you want this bad enough, don't treat it like a hobby. Many of the traders I talk to on a daily basis would tell you the same thing.

6 days ago

From this afternoon through Oct 16, make sure you have your sell limits gtc at the price you would be happy selling at because overnight the big movements will happen. Understand the exchanges do not want to shut down. After a series of circuit breaker halts, the exchanges can only reopen as an act of congress or presidential order. Wall Street would like to avoid that negotiation. So it’s easier to lock retail investors out of their accounts to cool things off. So just like in August, after a big push, you won’t be able to sell or cover your short positions until it’s cooled off and you can log in. So if you have your gtc in the night before you will realize your gain