Let me try to explain what @elonmusk meant for those of you that aren’t software devs. Elon has 128M followers. Everytime he tweets, a service called Fanout is in charge of inserting his tweet into all of his follower’s queue of tweets that show up in their following tab.
Your following is comprised of a list of tweets that Twitter caches for you based on people you follow. When Elon would tweet Fanout was supposed to add it to the queue but it was likely overloaded by his reach and it not only killed his tweet in your list but all of the others.
Now you can see why engagement was low across the board. If this was happening because of Elon’s big following it was also happening because of other celebrities tweeting as well. The big fish were killing their own tweets and others.
Now moving on to the second issue. Twitter uses how much you’ve been blocked by people to suppress your views on ALL other feeds for everyone else. In essence if the masses thing you’re toxic they make it so that even those that haven’t blocked you won’t see you. Sounds ok?
We won’t discuss the ability for this to be exploited by to suppress people. The issue was that there was a grave error in the way they were implementing this. They were using the total number of people that had blocked you to determine if you were toxic instead of a percentage.
So naturally if you have a big following and say controversial things you’re probably blocked by a lot of people. Even if it’s a small percentage of your total following, the sheer fact that a lot of people blocked you would cause Twitter’s algorithm to silence you. The end.
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I don't promote this because most say become good at one thing. To not be a jack of all trades and master of none. But for me I enjoy swing trading commons and 1-2 mo options during non-turbulent trend times and shifting gears to day trading 1-2 wk options during turbulent times.
Like right now, we could just be digesting the market rally and put in a higher low which is ok but I'm not going to put on swing trades that into an extended move and get stopped out. Every overnight swing at risk of being stopped out for normal digestion.
So while I let that happen and I watch my favorite long common swing trade ideas for entry points, I shift into day trading mode and take advantage of the range on mostly big cap liquid options. This lets me leverage my technical analysis skills.
I learn best by watching a detailed trade breakdown so you can reverse engineer another trader's thought process and be able to do it yourself when you're alone in front of a fast moving price and volume. Here is how I day traded $QQQ calls today and why:
I was aware that we would have a Powell speak at 12:40 based on the U.S. economic calendar. The volatility expected here was low, the market didn't expect this to cause movement. But I shared with my friend my thought that the market could still react strongly if he said 1 word.
If the market is expecting a non-volatile event but the unexpected happens, that's when people get caught offsides and algos and retail can create a spark that catches fire. I am not sure if he even said anything bullish but he clearly said something quickly.