Daily Trading Result

Hello BBT community, I hope you’ve had a great first week of June. If this week has taught us anything, it is that the markets are future looking: they are more concerned with what is about to happen rather than what is happening at the moment. The market had an incredible rally, which was primarily due to the release of far better than expected economic data. The U.S. economy added 2.5 million jobs for the month of May, signaling that the recovery is on its way. This news was significant enough that the money managers reallocated some of their assets from...

Hello BBT community, I join with our American traders and friends this Memorial Day weekend in honoring those who sacrificed their lives for all of the freedoms we enjoy today. Regardless of where you call home, whether it is in the United States or elsewhere, I hope you are well, safe, and of course keeping it green going into this weekend. This was an important week for the markets, as many companies in the retail sector (such as Walmart (ticker: WMT), Home Depot (ticker: HD), Target (ticker: TGT) and Lowe’s (ticker: LOW)) reported their Q1 earnings. 70% of the U.S. Gross National...

Dear traders:We are seeing a crazy market these days. Airlines are selling off and marijuana companies are ripping higher. The market is telling us this: people do not travel anymore but they do smoke pot! All jokes aside, this week we had an amazing presentation from one of our members, John Hiltz. His talk was entitled: Insights from A Newly Successful Trader. He shared an amazing and inspiring story with us on how when he began trading live, he experienced a horrible first two months (October and November 2019), but for the last few months he has been in the midst...

Dear traders: I have a few important announcements to make about our community. The first is concerning tonight’s Success Webinar by our very own Mike Baehr. As you all may have heard several times in our community, trading is a serious business and it needs to be treated as such. Every new business or venture requires a plan or a roadmap that sets out the various stages which will lead to success. Trading is just like any other new venture. You progress from the start-up phase to eventually expanding into new and varied markets. As I am now more confident in my...

On Thursday, April 23, 2020, at around 4:15 pm ET, my phone rang and I saw a California number on it. I picked up the phone, thinking that maybe one of my family members who lives in the state was calling me. No, it was the friend of a friend. My friend, who lives in LA, had introduced us a few night ago, because this person wanted to get some trade ideas from me. He has an account of around $400,000 USD and he’s been entering and exiting positions without much of a plan. He was doing some day trading,...

Dear traders, I trust you and your family are doing well during these uncertain times. This unprecedented season is challenging for all of us, but I know with all of my heart that we will pass through them much better if we stay strong and maintain a positive perspective. Each day I see in the news stories of people coming together to help each other be safe and healthy. I’m sure you come across these kinds of stories too. I find them uplifting and inspiring. I hope you do too. Dr. Jonathan Katz, our in-house psychologist and coach, has kindly offered to...

Dear traders, This week I will be in New Zealand. I invite all of you to join next week’s Success Webinar (February 12th) with distinguished guest Mike Bellafiore, co-founder of SMB Capital, a top proprietary trading firm in New York City. Mike has authored several best-selling books including One Good Trade and The Playbook: An Inside Look at How to Think Like A Professional Trader. His new book, “How to Become a 7 Figure Trader”, part of the Wiley Trading series, will be released August 11, 2020. Make sure to pre-order his book here. The topic of next week’s Success Webinar is of...

I hope you are all doing well and ready for the week ahead. As some of you know, on Friday I took a 5-min opening range break out trade on $BIG from Chile and posted my recap. Unfortunately, the internet connection in Chile where I was trading wasn’t strong enough for me to be on the microphone and explain my thought process during that trade. The trade was unique in its own way because many of our good traders also took it but could not capitalize on the nice move and stopped out. I decided to send this email to...

Hello Traders, I hope everyone’s week is off to a good start. We just had our second biggest meetup ever (after our September 2019 New York City meetup with Dr. Brett Steenbarger). This time we were in beautiful Clearwater Beach, Florida. Over 60 traders, many accompanied by their families, joined us for an evening of socializing and getting to know each other! We had traders traveling from Washington State, Montana, Texas, North Carolina, South Carolina, and Georgia to attend this event. It was an impressive group of traders having great times together! You can see some of the photos here! We...

Hello traders, As you may recall, I am in China right now, experiencing one of the most incredible mountain races in the world: the Four Sisters Ultra on Mt. Siguniang. Mt. Siguniang, in Sichuan Province, is the highest mountain in Western China. This area is known as the "Chinese Alps", and I can confirm there is some beautiful scenery here, including alpine meadows and murmuring streams. I participated in the 35km race and finished it in 7 hours and 40 minutes. The race was (obviously!) 35 km (22 miles) in length, at high elevations of around 4,600 m (15,000 ft), with an...