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13 Oct

Posted at 14:48h in Andrew's Newsletter

Dear Traders,The inflation report for September has come in and it indicates that inflation last month was hotter than expected (albeit hot inflation is not really news anymore). The market gapped down significantly, over 2%, and everyone was anticipating a big meltdown again, but the market bounced back strongly and is now trading almost 2% higher. This 4-5% volatility intraday makes trading amazing. I had one of the best trading days of my career by going...

13 Oct

Posted at 09:00h in Andrew's Newsletter

Rule 1: Day trading is not a strategy to get rich quickly. Day trading looks deceptively easy, so one of the most important lessons you can learn, regardless of your level of experience, is that you will not get rich quickly by trading. It is not the same as gambling or playing the lottery. Brokers do not normally release customer statistics to the public but there was one exception in Massachusetts that any day trader should...

12 Oct

Posted at 16:38h in Andrew's Newsletter

Dear Traders, The market continues to be volatile, but choppy, meaning volatile and directionless moves. Today, I had a very nice short on TSLA and then flipped the position on long and profited both ways. I then experienced a series of small losses on TQQQ, AMD, and SOXL. You can watch my recap here. Tonight, commencing at a special time of 5pm ET, CrĂ©de will be presenting her monthly course. Tonight’s webinar is titled: Discovering Your Inner...

11 Oct

Posted at 13:30h in Andrew's Newsletter

An often neglected or disregarded aspect of trading is the development of a proper “business plan”. Do not get this confused though with your daily trading plan (the “if-then” statements you develop each trading day) and what I will soon be describing as your trading framework. Every business needs a business plan. Day Trading is a serious business and it is in no way a get-rich-quick scheme, so just like any other business, you also...

10 Oct

Posted at 16:16h in Andrew's Newsletter

Dear Traders,The market is experiencing another volatile day. It sold off heavily at the Open, but bounced back around lunch time. As I am writing these words, the market is almost flat, but who knows how it will end. I suffered a heavy loss trading a bounce on stocks in the semiconductor sector (e.g., SOXL and NVDA). This sector is under much pressure because of potential restrictions on semiconductor sales to China and Taiwan. SOXL is...

07 Oct

Posted at 14:14h in Andrew's Newsletter

Dear Traders,What a crazy and volatile market to trade in. We have just learned that the US economy created 263,000 jobs in September. Not only that, but the unemployment rate also fell further, down to 3.5%, while expectations were for it to remain at 3.7%. This means that the economy is solid and strong, and that gives more room to the Federal Reserve (the US central banking system) to be even more aggressive. We will...

07 Oct

Posted at 11:40h in Andrew's Newsletter

Dear Traders,Today is the day that weekly jobless claim numbers in the US are released. Analysts are expecting a reading of 204K, after last week's surprisingly strong 193K print. The weekly claims report is an important datapoint these days. After last week's strong numbers, stocks immediately tanked, with the S&P 500 falling around 2% last Thursday. In fact, this is the major theme that we see continuing this week as well. When labor data is...

06 Oct

Posted at 09:00h in Andrew's Newsletter

A large volume of professional literature has been published on the benefits of journaling, particularly in the fields of mental health and psychology. Not unlike the lockable diaries that children and adolescents in earlier times hid under their mattresses, journals are a way of recording experiences, thoughts, and feelings as a way of understanding them more clearly. In terms of mental health, journaling is sometimes recommended as a means of managing anxiety, reducing stress, and coping...

05 Oct

Posted at 15:03h in Andrew's Newsletter

Dear Traders,What a day to be alive! Elon Musk is making news these days over Tesla and Twitter. The figures that were released on the weekend regarding Tesla’s third quarter car sales missed analysts’ expectations, leading Tesla to sell off by over 10%. Elon Musk changed his opinion on Twitter and decided to go with the buyout deal, causing Twitter to surge over 20% in one day. Trading in Twitter was halted but it is...

04 Oct

Posted at 09:00h in Andrew's Newsletter

I recently released a video about one of my favourite leveraged ETFs: TQQQ, which seeks a   return that is 3x the return of its underlying benchmark for a single day, and want to share some information with you about these attractive but potentially explosive products. To begin with, we should define a few terms.  An exchange-traded fund (ETF) is similar to a mutual fund because it is a pooled investment that holds a portfolio of securities. Unlike a...