$25,000 ORB on AMD, NVIDIA’s Surge, and a Lesson in Resilience
Dear Traders,
After two days of a massive move in the S&P 500, the market slowed down today. But semiconductors, including AMD, NVIDIA, and our favorite company to trade—Tesla—still provided amazing trading opportunities.
NVIDIA had a huge run over the last few days after news came out that the ban on selling their chips to China might be removed. That news caused a major rally—NVIDIA moved from just under $100 two weeks ago to now trading around $135.
AMD also reported earnings yesterday, which created a fantastic trading setup. At the market open today, Brian and I had a great trade on AMD. One thing I really noticed in that trade was how important Level 2, price action, and chart patterns were. I’m a chart pattern trader at heart, and I use tools like Level 2 and sometimes Bookmap to find liquidity levels.
Bookmap is another powerful tool we teach at Bear Bull Traders and in the Trading Terminal Academy. It shows where liquidity pools are sitting, those can literally pull the price toward them. For example, in AMD today, we spotted a huge ask at $122, which created a potential for the price to pop higher.
If you want to learn more about Level 2 and Bookmap, check out the Trading Terminal Academy. If you’re an Elite BBT member, all the material is available in the Bear Bull Traders Education Center. There’s a ton of valuable content there.
Get Bookmap Course Here
Now, April was a really tough month for me. I had a big loss around Liberation Day, and even though I’ve recovered over half of that, it shook me.
I was asking myself how could I, with all my experience and track record, make such a mistake? What I realized is that I wasn’t mentally ready to handle extreme volatility, events like the pandemic or sudden policy changes. I need to improve my risk management in those moments.
Today, one of our long-time traders, MTJ—he’s been with us for over 7 years—sent me a message that really touched me. He said, “Andrew, I remember when your best day was like $500. You’ve really come a long way. Respect.”
That meant a lot. I really appreciate all of you, especially people like MTJ, Peter, and Brian, who have been part of this journey with me for over 7 or 8 years. You’ve been with me through my trading highs, my personal growth, and even the dark times, like my divorce and the two biggest losses I ever took.
At the end of the day, resilience is key. One of the TEDx talks we hosted recently was by my friend Mark Cameron. His story is a powerful example of resilience.
He made a fortune before the financial crisis, but then lost his job, a lot of his wealth, and went through a divorce. Later, he even got sued by regulators.
Just as things seemed to get better, he met the love of his life, he got a call one morning that she had been shot and killed by an ex-boyfriend, who then took his own life. It was a devastating series of events, but today Mark has rebuilt his life. He’s now a speaker and coach focused on mental resilience.
Mark gave a powerful talk at TEDx BBT Vancouver on March 29, it’s worth watching. The full video is available on the Trading Terminal Academy.
Watch All TEDx BBT Talks Here
Speaking of psychology, tonight at 8 p.m. ET, we have an important session with one of our top performance coaches, Wesley Altman. The topic is “Sharpen Your Focus: Fix the Real Bottlenecks in Your Trading.”
Most traders work hard and learn strategies, but the real question is: Are you focusing on the right things? In this webinar, Wesley dives into how misplaced focus and psychological patterns can block your progress and how to re-align yourself for peak performance.
The session is free for all Elite members. If you’re not an Elite member yet, we’re offering a 50% discount, you can get full access for just $1,199 per year.
Get Full Access Elite with 50%
See you in the webinar tonight, and as always, trade safe and stay resilient.
To your success,
Andrew
