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13 Sep

Posted at 15:38h in Andrew's Newsletter

Dear Traders,Happy inflation number day! Inflation did not ease as expected in August 2022, with an 8.3% rise showing that the squeeze on consumers remains persistent even when gas prices fell. The market is falling apart as I am writing this newsletter, with the tech sector’s QQQ dropping over 4% and SPY over 3%. The Federal Reserve will be even more hawkish hunting down investors and consumers. These days are scary times.Although Wall Street is...

13 Sep

Posted at 09:30h in Andrew's Newsletter

Some traders focus heavily on technical indicators like the RSI (Relative Strength Index), the moving average convergence divergence (also known as the MACD), or the moving average crossover. There are hundreds, if not thousands, of sophisticated technical indicators out there. Some traders believe they have found the Holy Grail of technical indicators, and it might be a combination of RSI or the moving average crossover.  I don't believe having a large number of technical indicators will...

09 Sep

Posted at 15:40h in Day Trading Success

Dear Traders,I had a “meh” trading day with a heavy loss on AMD and a great win on TSLA. You can watch the recap that Brian and I posted here.The market rallied for the second day as investors assess whether monetary tightening (high interest rates) is getting closer to being already priced in and thus new lows in the market no longer make any sense. Treasuries, oil, and gold are all up today. If you...

09 Sep

Posted at 09:30h in Andrew's Newsletter

Why You Need to Manage Risk Risk management is the science, and often the art, of limiting the losses your trading account may suffer. All professional and great traders lose money. What distinguishes the successful ones from the burnouts is that they manage their risk well. There are two elements in risk management: a proper risk/reward ratio and position sizing. Risk/Reward Ratio A proper risk/reward ratio is defined by your entry, your profit target and your stop loss. New  traders...

07 Sep

Posted at 18:14h in Andrew's Newsletter

Dear Traders,My apologies for the long absence from trading. I was completely offline at Burning Man in Black Rock City, Nevada. This was my 3rd burning, and it was an amazing experience. The market opened choppy this morning but has stayed strong as I am writing this newsletter. I traded small share sizes on AMD, TQQQ, and NIO, and Brian and I have posted our recap here.I hope each of you can join us at 8pm...

07 Sep

Posted at 16:53h in Andrew's Newsletter

What Is Day Trading? As the name suggests, day trading is based on buying and then selling stocks within a single day, and sometimes within minutes or seconds.  Unlike traditional investing, which usually involves thoughtful market analysis and long-range planning, day trading focuses on the countless up-and-down price fluctuations that characterize a typical trading session and, if it is done skillfully, takes advantage of them.  As a day trader, I look for stocks that are moving in...

29 Aug

Posted at 14:58h in Day Trading Success

Dear Traders,The market rallied at the Open and we took some amazing trades on TSLA and TQQQ with Brian. You can watch our recap here. It was a big move! The market is red, and only the Energy sector is strong today. Brian’s natural gas and uranium trades are doing well for him.It was a frantic Friday in the markets — where QQQ dropped 4%, SPY 3%, and so on. The annual Jackson Hole meeting...

25 Aug

Posted at 15:43h in Andrew's Newsletter

Dear Traders,Today was an astonishing day. NVDA’s earnings were missed by 15% and the stock gapped down 7%, but then traded higher for the day at 5%! What a crazy market. Brian and I had a great trading day. We posted our recap on NVDA and AMD here.Is the market at its bottom or will it continue going lower? This is the main question on everyone’s mind. Personally, I think the market will be range...

22 Aug

Posted at 18:16h in Andrew's Newsletter

Dear Traders,We had an amazing seminar in Southern California on Saturday, with over 60 traders from our community attending for a half day of presentations. It was a very successful event that we plan to repeat over the coming months in both Florida and the New York City area. Meme stocks are on fire again, with AMC announcing a new class of shares under the ticker APE. BBBY and AMC were certainly on fire today....

22 Aug

Posted at 12:14h in Andrew's Newsletter

Dear Traders,Today was an amazing day as a day trader in the market. Despite all the indexes being negative for the day in a big way, Brian and I were able to take advantage of some very volatile moves in the market, including on tickers such as BBBY, TSLA, and TQQQ. Please take the time to watch our recap here, where you can see how we had excellent gains despite a very weak market.Brian, Ardi,...