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24 May

Posted at 16:39h in Andrew's Newsletter

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...

18 May

Posted at 11:55h in Andrew's Newsletter

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

17 May

Posted at 11:49h in Andrew's Newsletter

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...

10 May

Posted at 16:20h in Andrew's Newsletter

As Dogecoinā€™s price was not able to move toward $1 after Elon Muskā€™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 worldā€™s primary currency! Musk announced his plans to name the next SpaceX shuttle Doge-1 and he is certainly keen to...

26 Apr

Posted at 17:05h in Andrew's Newsletter

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...

20 Apr

Posted at 16:10h in Andrew's Newsletter

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...

29 Mar

Posted at 12:42h in Andrew's Newsletter

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 donā€™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...

15 Mar

Posted at 12:06h in Andrew's Newsletter

I am back in a city I proudly call home: Vancouver, BC. With spring just around the corner, it is gorgeous here. Thank you to everyone who came to visit Jarad, Norm and myself in Dallas, TX, and then myself in San Francisco, with both events being held on relatively short notice. I am humbled and blessed to have family members literally all around the world - from Nepal to San Francisco. Everywhere I go, I...

15 Feb

Posted at 11:47h in Andrew's Newsletter

Please note that the market is closed on Monday, February 15, in observance of George Washington's birthday (the Presidentsā€™ Day federal holiday). George Washington, a founding father of the United States, is certainly one of my favorite and most respected historical individuals. His vision for democracy and separation of powers in the newly found republic has been an inspiration for so very many. Success in any endeavor comes from being resilient and surviving the learning curve....

12 Feb

Posted at 14:30h in Andrew's Newsletter

In this week's Strategy webinar, Carlos and I hosted a one-hour town hall meeting with Andy Kershner, CEO of Kershner Trading Group. With hundreds of traders, and offices in NYC and Austin, they are one of the most successful proprietary trading firms in the US. Our last question to him concerned the advice he would give to new and developing traders. His response? He said to use STOPs, to use STOPs, and to use STOPs. Itā€™s...