An Unbelievable Market Situation
Dear Traders,
Today, we witnessed a very strong market, especially led by IWM small caps. As you know, I’ve been long in TNA for a few weeks, and today, I am enjoying the benefits of a massive gain in this 3x leveraged product of IWM. I still hold the position, with my target set on IWM reaching near $200 levels. Brian also bought some TNA today at the open, live in front of everyone, and he’s now up over 7%.
We find ourselves in an unbelievable market situation! Stocks are rising as if we’re in a bull market. Gold is up as if we’re heading into a recession. Oil prices are up as if the recession got canceled. Bonds are up as if inflation is back below 2%. Home prices are up as if inflation is still at 10%.
Everything is up for the wrong reasons.
When markets behave in a way they’re not “supposed to,” it’s a fantastic opportunity for traders.
Today was a tough day for me, but it eventually turned out to be a profitable one. If you’d like to know how I navigated through challenging trades, you can watch my recap here.
I hope everyone enjoys the weekend. Please remember that Paras has a mentorship session on Sunday at 5 pm for all Elite members.
If you’re not an Elite member yet, today is the last day to benefit from our mega offers for Cyber Monday, we have two options available for you:
- One-year of BBT Elite membership, get it here.
- One-year of BBT Elite membership, one seat for Peak Capital Trading boot camp, 3 months of DAS with Nasdaq TotalView and ARCA book, and a funded $50,000 training account. You can get this deal here.
Take a moment to review these options, and if you have any questions, please let me know.
To your success,
Andrew
