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Semiconductor Sell off

By Andrew Aziz  |  
Andrew's Newsletter  |  
Oct 10, 2022

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 now trading near $8, down from its high of around $90 per share. Wow!

You can watch the recap that Brian and I posted here.

Our live in-person workshop is almost sold out! I am amazed at how our traders have responded to this full-day event. There are still a few spots left though. I am looking forward to seeing many of you in Fort Lauderdale on November 2. We have received a very discounted room rate of $165 per night at the Westin, should you want to join with us and require a room. If you are interested, please RSVP here.

This week at Bear Bull Traders is full of webinars on the key elements of training – technology, psychology, and strategy – along with three different mentorship opportunities on Thursday. For the complete list of presentations, you can check out our Webinars page here.

And happy Thanksgiving to all of my Canadian friends!

To your success,

PS: If you are not yet an Elite annual member, I urge you to take advantage of our current promotion and receive 50% off the cost of an Elite annual membership. In doing so, you will receive one full year of access to everything that Bear Bull Traders offers including all of our educational, psychological, and mentorship resources. More information can be found here.