A $33,000 Day Trade on NVDA
Dear Traders,
The major international development over the weekend was of course Iran’s missile and drone barrage against Israel. President Biden reportedly told Israel’s Prime Minister Benjamin Netanyahu that the US won’t support a counterattack, while European nations are also calling on Israel not to react with aggression. Iran has said, “the matter can be deemed concluded”, which essentially means: you attacked our Embassy complex, we attacked you, let’s call it quits.
What happens in the next few days may impact the energy market and the Middle East region, but it is unlikely to impact the US economy that much. Even after the 2022 Russian invasion of Ukraine, the market gapped down but then rallied for over 4% all day. It is important not to have any bias toward direction.
Today, the market rebounded a bit early in the morning session but then continued its sell-off. I traded NVDA with Jarad as Brian is on vacation this week.
The major story of the day is Tesla laying off 10% of its global workers along with some major executives leaving the company. This is the result of the automakers’ price war with each other (which Tesla started), and the slower demand for Teslas. TSLA is now trading at a critical level of $160 per share. If this level breaks, we might see a bigger sell-off. In the last 8 weeks, this level has so far been holding very nicely.
I had an excellent trade on NVDA, and Paras executed some nice trades on AAPL. If you want to watch our recap, you can catch it here.
This week, we are hosting a number of useful presentations, starting with our Monday Onboarding session with Carlos and Mike. All are welcome to attend but it is geared more for our newer traders.
Our Tuesday Strategy session will be led by Lenny, one of our senior traders at Peak Capital Trading. It’s titled “Mastering the Open: Essential Price Action Techniques”.
Join Lenny, as he discusses the art of reading price action to navigate the volatile moments immediately following the market Open. You’ll learn invaluable strategies to seize opportunities and mitigate risks during this critical trading window.
Whether you’re a novice or seasoned trader, this webinar will equip you with the insights and skills needed to thrive in the fast-paced world of post-market Open trading.
Last but not least, we have 20 spots left for our next Peak Capital Trading bootcamp that starts on May 7, 2024. You’ll even receive a $50,000 funded training account to work with!
This year, we have had many traders book a profit from the bootcamp, with Steve, one of our best traders, receiving a big $10,000 check from me at our Vancouver event!
Join us in the next bootcamp! Our new Platinum membership level comes with a 1-year BBT Elite membership and a seat in the 3-month extensive bootcamp.
Join Platinum Now
See you in BootCamp!
To your success,
Andrew
