We are having a meetup in NYC this Saturday. We hit 100 RSVPed traders, but we have now increased the number of tickets to 150 just in case you’ve been thinking of attending. Please RSVP here.
The market is in a choppy environment, and it’s hard to predict whether there will be a move up or down. Today, we managed to get a move from TSLA and TQQQ with Brian. I was really patient and did not trade until 20 minutes after the Open. You can watch our recap here.
Fears of recession are growing, and Ray Dalio, the billionaire investor and hedge fund manager, is the newest person joining in the criticism of the Federal Reserve System for increasing the rates too fast. JPow is at Congress now and repeating what he has been saying: we are fighting their inflation as fiercely as possible. The EU zone is in crisis as Putin is threatening to cut off their natural gas. In reality, Putin seems to be winning. He has successfully bullied the west on everything, and has claimed all of the territories he wanted. His tyranny and bullying is apparently also winning over western diplomacy in the eastern EU. I hope this nonsense is over soon.
As I am writing, the market is up, but not with great momentum.
To your success,
PS1: If you have not already, I urge you to try out our free web-based trading simulator at stocktradingsimulator.com. It’s conveniently available 24/7, whenever you have time to practice honing your trading skills.
PS2: Don’t forget, if you are not yet an Elite annual member, you can take advantage of our current promotion and receive 50% off the cost of an Elite annual membership. In doing so, you will also receive a complimentary 1:1 coaching session with Dr. Kenneth Reid. More information can be found here.