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A New Era for the Stock Market: Social Media Trading

By Andrew Aziz  |  
Andrew's Newsletter  |  
Feb 10, 2021

Dear Traders,
We are set for another eventful week with some big earnings on the line. Bitcoin has already surged to a new all-time high of over $44,000. It’s also been reported that Tesla has purchased $1.5 billion worth of Bitcoin. Traditional trading has always been based on either fundamental analysis or technical analysis, but as Peter discussed last week with Jack Schwager in the first episode of a new season of Talk with Traders, many new traders are now trading based on – can you guess it – social media analysis. You can follow Peter’s podcasts on all available platforms here:

It is not unusual these days for traders to be following influencers. For example, if you were buying whatever Chamath tweeted, and focused on his SPAC IPOs, you would have had a return of some 355% last year. Another good example is of course Elon Musk. When he tweeted “Use Signal” or “bitcoin”, it was certainly no surprise to see prices move.

It used to be only politicians who were able to move the market in one tweet, but it seems “influencer” market movements are becoming more and more the norm. SAVA was one of the stocks that quadrupled last week, jumping from $20 early in the week, all the way to $118 in just three days! That is a whopping 490% in just three days. What was the catalyst behind this? The infamous Cathie Wood apparently picked up some for her Genomic ETF (ticker: ARKG).

Enough with that! On the BBT community side, we sincerely welcome all of our new members to the community. Don’t forget to join our onboarding class every Monday at 8pm ET, followed by Kyle’s Advanced Tools class. These two webinars are open to everyone, including trial members.

Onboarding and Advanced Tools Webinar
Mondays, 8pm-10pm ET
Presenters: Carlos, Mike (Onboarding) and Kyle (Advanced Tools)
Classroom (open to everyone)

For this week’s Tuesday Strategy webinar, we are hosting a presentation with the very successful trader, Andy Kershner, of the proprietary trading firm, Kershner Trading Group. Please join us as we sit down and talk with Andy Kershner about his experiences as a pioneer in the world of trading.

Town Hall Q&A with Andy Kershner
Tuesday, 8pm ET
Webinar Room: Elite Members Only
Presenter: Andy Kershner

This week’s Wednesday Psychology webinar is focused on developing your mental edge and will be led by our in-house high performance coach and psychologist, Créde Sheehy-Kelly. In her last six content-packed webinars, Créde has covered (literally!) a whole lot of mental training techniques, all of which are designed to help you cultivate the mental edge. In this webinar, Créde will revisit all of the key techniques from the series and discuss how you can synthesize these to create an Olympic medal-standard mental training routine. We will also invite members of the BBT community to join Créde live on Zoom to assist with demonstrating these strategies.

Putting the Jigsaw Pieces of the “Mental Edge” Together
Wednesday, 8pm ET
Webinar Room: Elite Members Only
Presenter: Créde Sheehy-Kelly

And last but not least, our Thorsday Mentorship sessions are led by our very own Thor at 8pm ET every Thursday.

As always, all recordings will be available for Elite members.

To your success,

PS: I encourage you to have a look at my newest book written along with my co-author, Ardi Aaziznia: Stock Market Explained. We both would appreciate receiving any feedback you might have about the book. Ardi is a great trader and investor. Our portfolio at Peak Capital Trading is now up over 21% since inception, while the SPY’s performance is up only 6%. Among many topics discussed in this book, you will learn about Ardi’s successful investing strategy.