I am back from Peru and we all traded AMC this morning, which had an excellent ABCD pattern from $44 to almost $47. My recap can be seen here. As you know, I was climbing in the Cardellia Blanca range, but I also managed to have a small meetup in the city of Cusco. After 1 week of high altitude climbing and no internet, I am finally back home in Vancouver. Since I am fully vaccinated,...

Dear BBT Family, Norm here, providing this week’s update on Bear Bull Traders. Our usual weekly report comes from Andrew of course, but he is currently climbing in the beautiful mountains of Peru. Over the weekend, we saw the first flight into space of a billionaire, or did we? Sir Richard Branson was among the crew of Virgin Galactic’s ($SPCE) VSS Unity spaceplane. The six people on board reached an altitude of just over 86 kilometers, or...

This week has started off on a positive note with some amazing trading on AMC.  Let’s hope these results continue all week long. I am happy to report to you that I will be hitting the road again soon and we have two very nice meetups in the works. Thor will be spending his 40th birthday in NYC on July 3rd, and we will be hosting a “super big” meetup to help celebrate our friend’s birthday....

Bitcoin and cryptocurrency experienced a massacre over the weekend, with Bitcoin dropping over 50% from their all-time high of $64,000. The world of crypto is scary these days. Unregulated exchanges give novice traders virtually insane leverages such as 1:500. These exchanges thrive on expensive commissions and encourage inexperienced traders to over trade. Part of the sell off over the weekend can be attributed to these highly leveraged traders who do not know how to manage...

Last week, Elon Musk announced that he will no longer accept Bitcoin for Tesla purchases, allegedly due to the “… rapidly increasing use of fossil fuels for Bitcoin mining and transactions …” Much of this mining takes place in China, but in all honesty, these environmental issues have been known for quite some time. Musk’s big gamble on Dogecoin and his failure to mobilize its move toward $1 has led to significant criticism. At a...

Dear Traders, Mike Baehr and I are delighted to let you know that we have just published our next work together: Introduction to Trading Psychology: A Practical Guide to Improve Your Trading Psychology. This book is very different from our previous publication, Mastering Trading Psychology, as in this book, Mike describes the foundation of building a successful career in trading based on the three essential pillars of technology, strategy, and psychology. While technology and strategy may seem...

As Dogecoin’s price was not able to move toward $1 after Elon Musk’s Saturday Night Live event, Elon once again doubled down on his push for pumping Dogecoin, a currency that he himself has agreed in an interview was initially created as a joke. Nevertheless, he is ambitious. He would like it to become the world’s primary currency! Musk announced his plans to name the next SpaceX shuttle Doge-1 and he is certainly keen to...

I am writing this week's newsletter from Ecuador. I found I needed to get out and do some climbing, and except for Nepal and Ecuador, the majority of international climbing destinations in the world are still closed to foreign climbers. These include places such as Chamonix (France), Peru, and Chile. Therefore, here I am, back in beautiful Ecuador. Although I did climb here in December of last year, there is still much to explore. This week we...

The market did not like April 20th, and SPY unfortunately did not hit $420. As a matter of fact, we saw a significant weakness in the marijuana sector today, with stocks such as APHA and TLRY down over 8%. A big welcome to all new members who are touring the community. Do not forget, our onboarding and technology class (with Carlos, Mike, Kyle, and myself) is scheduled for every Monday at 8pm ET in the classroom. We...

As of Sunday, the Suez Canal is still being blocked by the notorious Ever Given ship. Several memes posted on Twitter last week explained how to go about solving this problem. According to memes, it should be easy. I don’t understand why it is taking so long for the Egyptian authorities to fix the issue. Robinhood is getting ready to IPO. One of the most talked about IPOs of 2021 is going to be none other than...