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20 Oct

Posted at 07:56h in Andrew's Newsletter

Dear Traders,NFLX surprised everyone! A business that everyone thought was dying instead added 2.5m new subscribers and surged over 14% today. I traded it nicely; Brian lost on it. You can watch our recap here. The Bear Bull Traders leadership team recorded this video for you regarding the Fort Lauderdale, Florida meetup. Only a few spots are left. I hope we can have all of you attending the meetup. Don’t forget, November 2 is the big...

18 Oct

Posted at 09:04h in Andrew's Newsletter

Measuring Trading Performance So how did your trading go today? And how does that compare with yesterday and every day last week and last month?Some traders would answer those questions in terms of dollars gained and dollars lost. Others would measure their performance in percentages. Some might even think in terms of how their trades made them feel. Many, however, record each winning or losing trade in terms of an R-Multiple (with “R” standing for “risk”)....

17 Oct

Posted at 21:00h in Andrew's Newsletter

Dear Traders,The market has given us another crazy and volatile day. What a day to be a trader! The market gapped up and traded stronger, and I personally traded TSLA, TQQQ, and AMD. Brian took TQQQ and RBLX successfully. You can watch our recap here. Amazing NEWS! Our Florida meetup is almost sold out. We have less than 10 spots left. We are providing a full day of live trading, lunch, webinars, and a time for...

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...