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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. It’s...

29 Jan

Posted at 11:04h in Andrew's Newsletter

Dear Trader, As many of you know, Wall Street is on fire and the short squeeze of GameStop ($GME) is now on the desk of the President and the politicians. The White House has announced that they are monitoring the situation and the Senate Banking Committee announced this afternoon that they will be holding a hearing into the matter. What happened? Melvin Capital and Citron Research shorted GameStop (over 120% in short interest) in order to benefit from...