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My Recent Heavy Trading Losses in Vietnam

By Andrew Aziz  |  
Andrew's Newsletter  |  
Oct 5, 2023

Hello Traders,

I’m currently writing to you from Vietnam, where I’m engaged in launching my books in Vietnamese and exploring the beautiful parts of the Asia-Pacific region. We’re even planning a meetup in Hanoi on Saturday, October 7th at 6 pm, and I’d love for you to RSVP if you can make it.

Being a part of Bear Bull Traders is truly a blessing. It’s amazing to have friends and members to connect with no matter where I go. For instance, when I landed in Vietnam, Shauqie, a member who flew all the way from Malaysia to meet me, visited my hotel room at 6 am.

Despite my tight schedule, I couldn’t pass up the opportunity to connect with him, so I invited him to join me on a cruise to Halong Bay. Since the cruise was fully booked, we ended up sharing my room together! That’s the kind of camaraderie you can expect in our community. If you’re in the Vietnam area, I’m eager to meet you at our upcoming meetup.

On a more serious note, I’ve had some significant trading losses this week while dealing with $TSLA, $TQQQ, and $NVDA. The market hasn’t been reacting favorably to my breakout strategies, resulting in heavy losses on Tuesday (which I didn’t recap) and today. I’ve recapped today’s loss on YouTube, and I welcome your comments and feedback.

Next week, I’ll be in Dubai to meet our new mentor and my incredible friend, Avi, who is casually making $31,000 a day trading NVDA options!

Following Dubai, I’ll be in northern Italy and Lugano, Switzerland, where I’ll be meeting with my co-author of our research paper, Carlo Zarattini. If you’re interested in a meetup near Milan, Italy, let’s plan for 7 pm on Friday, October 13th. RSVP here.

These are indeed challenging times in Wall Street. The market experienced a 7% decline in September, and this week, we received data that shows the US economy remains resilient and can withstand higher interest rates. The JOLTS (Job Openings and Labor Turnover Survey) numbers came in at 9.61 million, exceeding the estimate of 8.8 million.

The S&P 500 is now down 8.3% since its high after the Fed said they were removing a recession from their forecast. This means that the S&P 500 has erased ~$3.2 trillion in market cap in just over 2 months.

Did the Fed’s “no-recession” call just mark the top?

A strong economy implies higher rates, which can lead to higher borrowing costs and potentially less attractive alternatives in safer assets. This could impact stocks negatively. Following the JOLTS numbers, the probability of another interest rate hike increased by 11%. It’s becoming increasingly likely that the Fed might implement another hike to steer the economy into restrictive territory.

Apparently volatility and higher interest rates are the new normal.

Recently, Ardi had an enlightening conversation with Brian Pezim, one of our senior traders, where they discussed their market observations in an open 20-minute dialogue. They covered recent market events, shared valuable actionable insights, and even discussed a compelling trade idea – shorting Charles Schwab due to its weak fundamentals and potential bankruptcy risk.

Brian took this trade based on this conversation and initiated a short position on Schwab. I encourage you to watch this video, gain insights, and join the conversation in the comments section.

As previously mentioned, I’m excited about the upcoming meetups in Vietnam, Dubai, Italy, and Switzerland. I hope to see you there and share our trading experiences.

To your continued success,