Tough, Crazy Markets in 2022
What a crazy market! 2022 has been a tough year to trade in for almost everyone, including me. If your spouse or partner asks about your 2022 trading results, show them this tweet of mine.
Today, I started trading with some bad results on TSLA, but ended up with some amazing runs on both it and AMD. TSLA’s earnings and car delivery numbers disappointed and that led to it experiencing a volatile day. It is down over 6% as I am writing. Alcoa (AA) gapped down but surged over 6% as the market ripped higher. The market then sold off and went red! Volatility to its extreme!
The real question is inflation. The more time that passes, the more we learn about inflation. Persistent inflation is everywhere and it is not giving hope to bulls in this market. And the Fed keeps reminding everyone that more pain is still to come. Accordingly, do not get your hopes up.
Anya, one of our long-time traders, has commenced creating some amazing educational videos. Please take the time to watch them and leave her a note if you enjoy them.
Join Us in Florida
As you know, on November 1, I will be presenting at the Orlando, Florida MoneyShow. My talk is titled: Financial Weapons of Mass Destruction: How to Use Leverage for Day Trading in Volatile Markets.I would appreciate it very much if you are able to attend. Here is the link to use for your registration.
On the day following the MoneyShow, November 2, we will be holding our first ever Live Trading Workshop in Fort Lauderdale. We will offering a full day of live trading, lunch, webinars, and a time for socializing. A heavily discounted price at the Westin Hotel is available for our traders. Please RSVP here. I’m looking forward to seeing many of you in beautiful Florida!
To your success,