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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...

30 Sep

Posted at 14:13h in Andrew's Newsletter

Dear Traders, First and foremost, my thoughts and prayers are with those who have been affected by Ian. Ian, now once again a hurricane, is threatening to carve a new path of destruction through South Carolina on Friday when it roars ashore north of Charleston.After a big sell-off day, the market has stabilized today. CCL and NKE were the biggest losers of the day, both dropping significantly on disappointing earnings. You know the situation is bad...

29 Sep

Posted at 13:53h in Andrew's Newsletter

Dear Traders, President Ronald Reagan once said that the “nine most terrifying words in the English language are: I’m from the Government, and I’m here to help.” I do not think any investors these days are really in agreement with that sentiment. Financial markets are blowing up everywhere in the world, and governments are stepping in to support them. Japan has stepped into the markets to save the collapsing yen, and Europeans are scrambling to control...

29 Sep

Posted at 09:00h in Andrew's Newsletter

An electronic online trading platform is a computer software program that is used to place orders for day trading. A trading platform is different from direct-access brokers themselves, but I often see traders confusing these two as one.  The trading platform sends and places your order at the Exchange so the direct-access brokers can clear the order for you. Usually, direct-access brokers offer their own proprietary trading platforms to their clients. The quality, charting capability, speed...

27 Sep

Posted at 14:31h in Andrew's Newsletter

Dear Traders, Happy Tuesday! I am back from my week-long week trip to the UK, where I spent a few nights in the hospital for surgery. I could not trade at all over the last 8 days, but I was honored to witness the Windsor part of Queen Elizabeth’s funeral. I also happened to be in London when the British pound was destroyed by the USD. On Friday, the GBP lost 4% of its value. That...

27 Sep

Posted at 09:00h in Andrew's Newsletter

Mountains fascinate me. I spent much of my youth in the mountains, and I still thoroughly enjoy being able to explore the higher altitudes of our world. I began alpine climbing in college, and later I developed a passion for the financial markets. When I am asked by new traders and aspiring traders how they can become successful in the stock markets, it is perhaps not surprising that my responses usually compare trading to climbing....

22 Sep

Posted at 12:19h in Andrew's Newsletter

As an individual trader or investor, you cannot trade directly on a Stock Exchange. For that, you will need a “broker” or “brokerage account.” A broker is simply an intermediary that gives people access to a Stock Exchange.  For day trading, you need a good direct-access broker. In fact, you don’t need just a good broker; you need an awesome broker. Your broker is your vehicle to trade. If you have a bad broker, you lose...

20 Sep

Posted at 12:13h in Andrew's Newsletter

Trade the Best, Leave the RestAs part of the algorithmic trading by computer systems, the majority of stocks will trend with the overall market unless they have a reason not to. So, if the market is moving up, the majority of stocks will be moving up. If the overall market is going down, the prices of the majority of stocks will also go down. But there will inevitably be a handful of stocks that will...

19 Sep

Posted at 15:23h in Day Trading Success

Dear Traders, Another volatile week has commenced, with the market gapping down over 1% but then rebounding in the Open session. I am in the United Kingdom, and actually staying in Windsor, near the castle grounds where Queen Elizabeth II will be laid to rest. It is quite the historic moment to be in Windsor today! I did not trade, and most likely cannot trade in the next few days, but I know you are in for...