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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...

15 Sep

Posted at 04:30h in Andrew's Newsletter

What Are Candlesticks? Candlesticks are a very common way to chart the price of stocks.  They allow you to see the opening price, the highest price in a given time period, the lowest price in that time period, and the closing price value for each time period you wish to display. Although some people prefer using other methods of charting, I like candlesticks because they are an easy-to-decipher picture of the price action.  You can easily...

14 Sep

Posted at 14:19h in Andrew's Newsletter

Dear Traders,The markets were destroyed yesterday, with the technology sector QQQ down over 6%. More aggressive hikes are on the way, and central banks all around the world (with the exception of China and Japan’s) will continue to raise interest rates. Today, the market found some stability, and I made one great trade on TSLA. You can watch the recap that Brian and I posted here. Ardi and I have opened many cash secured puts on...

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 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...