Welcome back to another episode of volatility. Many people seem hesitant to enter the markets, but this has been one of the best of trading times. The volatility is amazing, and for those who are ready to benefit from this, and have the right knowledge and mindset, this is a good time to be trading. Investors may feel anxious, but traders will enjoy this. For example, as of today, Tesla dropped another 10% and I was able to trade it nicely on both the short and long sides. You can watch the recap that Brian and I posted here.
According to an internal email, Elon Musk said that Tesla needs to cut staff by around 10%, noting he had a “super bad feeling” about the economy. The company employs around 99,290 people worldwide, so job losses approaching 10,000 people are possible. That comes after he urged everyone back to the office, saying in emails to staff that employees were “required to spend a minimum of 40 hours in the office per week”. Concurrently, Tesla shares have declined by as much as 10%.
I also want to note that Brian’s new book is now published and is already a bestseller in Amazon’s Wealth Management category. We would really appreciate it if you could support him by buying a copy and then writing an honest review on Amazon. It means a lot to us. Here is the link to his book.
Dr. Kenneth Reid is offering a free 1:1 coaching session to all new Elite annual members. If you want to upgrade your account, please do so here, before the offer expires.
For the coming weekend, I plan to participate in an ayahuasca ceremony. I have done it in the past, and I am excited to try it again.
Have a good weekend everyone, and I hope to see all of you on Monday.
To your success,