Always Check Under the Hood

[Image](   [ARCHIVES]( [REPLAYS]( [WATCH LIVE]( [Twitter]( [Youtube]( [Instagram]( [Tiktok]( [Discord]( [LinkedIn]( Most millionaires shoot for 7% growth a year… I’ve been turning out 8% every 14 days on this new trading strategy. [Check it out here](. (Not for small-account individuals.)   March 03, 2023 Dear Reader Good Afternoon, Today, we're taking a closer look at the recent FTX implosion and its impact on Silvergate Capital (SI). Many are wondering whether this will create confidence issues for crypto as a whole, but let me assure you, crypto will be just fine. The banks, loans, and actors are the real problems here. Last night, we saw Bitcoin fall 4.7%, and it's clear that someone probably got liquidated. We're still in the Wild West of crypto, which presents a challenge for many investors. However, to succeed in this industry, you must be long-term oriented. That's why the recent events surrounding Silvergate is such an important lesson for investors and traders. I'm not going to call this a Lehman Brothers moment, but it's undoubtedly a glaring example of deception by a bank. A few months ago, Marc Cahodes was on Hedgeye, warning that the company was doomed and the stock was in the $30s. Now it's down to around $5. And while this was happening, two things were going on. First, there was a lot of PR arguing that this bank would be just fine. If you know anything about the history of banks, you'll recognize this tactic from Lehman Brothers. They did the same thing at the exact time of their collapse, and people believed them. You shouldn't make that mistake. If you have a hunch about something, stick with it. Secondly, this stock looked cheap. That's important to note. It was a value bet, an opportunity to step in and buy something with a good score and a relatively cheap value metric. However, if you're going to buy something for the long term, don't just trust the quantifiable numbers. You need to qualify as well. You have to ask yourself why this situation is being presented to you as very, very cheap. You need to ensure that what's under the hood is a good long-term investment. If you followed specific metrics that I use and tried to do this yourself without qualifying it, you probably bought this stock at $15, and now it's at $5. Had you done a little bit of diligence, you would have known that this was a value trap or something that could potentially go to zero. It's very reminiscent of what happened with Bear Stearns in 2008. So, always be vigilant in your investments and never take anything at face value. Instead, dig deeper, ask questions, and make sure you're making sound long-term investment and trading decisions. Have a great weekend, Garrett {NAME} Did you miss the show? No worries, we’ve got you covered.   [Biden’s 30X30 Wealth Grab]( Three of the richest men in America have teamed up with the President on a little-known bill called 30X30… a bill that is actively swindling you and the rest of America out of millions. Shah Gilani is putting an end to this rig. [Find out more here.]( REPORTS   [Welcome to Momentum]( [Trading Momentum]( [Trading Fundamentals]( [Trading the Fed]( [Trading Insiders]( WATCH REPLAYS   [Just in: America’s #1 Pattern Trader is Targeting Three 10X Economic Catalysts]( Seasoned pattern trader Tom Gentile just uncovered not one, not two, but THREE 10X catalysts hiding out within America’s Darknet. Folks have paid thousands for this intel… But for this weekend only, Tom is inviting a small group of traders to join this crusade at an all-time low entry rate. [Join him here.]( [Watch the Show!]( [Sneak A Peek Inside Flashpoint Trader](       You are receiving this e-mail at {EMAIL}, as part of your subscription to Midday Momentum. 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