Today, Thor and I have posted what in my opinion is one of the most important recaps thus far in 2022. Please watch it here. Many new traders will wonder if a Stock in Play should be long or short at the Open. The answer to that question lies in your trade management. What your TradeBook dictates is so much more critical than the direction of your trade. This morning was a perfect example. Thor shorted AMD at the Open, I went long, and in the end we were both VERY profitable!
You will see in the recap our reasoning for why sticking to your TradeBook is crucial. We will show you how two people can properly manage trades in opposite directions and yet both make money.
The market is definitely mixed. A bad week for bonds, driven by surprisingly hawkish central banks, strong U.S. data, and continuing inflation fears, is showing little sign of turning around. With the U.S. 10-year yield closing in on 2%, it is Thursday’s CPI data for January that is likely to be the key figure as the markets increasingly price in a 50 basis points Federal Reserve hike next month.
If you are a new member to our community, please join us at 7pm ET tonight as Carlos, Mike, and I will be discussing our community and all of the different resources we offer. This Monday Onboarding session will be followed at 8pm ET by an important and informative webinar hosted by Mike entitled, Create a Business Plan to Assess Your Trading Journey.
I look forward to seeing you all there in the webinar room!
To your success,
PS: It is only one week until Valentine’s Day, and to celebrate, we are pleased to offer you a 50% discount on our Elite annual memberships. You will pay the same rate as if you had paid for one year of a basic monthly plan, but you will receive access to everything Bear Bull Traders offers (which is what tonight’s onboarding session will be covering). For more information on our Valentine’s Sale, please check out our LOVERS50 promotion here