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31 Oct

Posted at 13:01h in Andrew's Newsletter

Dear Traders,My favorite 2021 trading incident was the GME short squeeze, when retail traders on the WallStreetBets’ Reddit all came together and squeezed GME from $5 to over $120. Melvin Capital, the fund that was primarily shorting GME, was destroyed, and Robinhood and many other brokers had to halt trading.Today, GME started running again in the pre-market, and Jarad and I traded it for a long. It was a really nice trading day for me,...

28 Oct

Posted at 16:13h in Andrew's Newsletter

Dear Traders,This is the best market I have traded in over the last five years. I know that 2022 has been a very hard year for investors, as the bond market is down 60%, stocks are down 30%, and there is no real safe haven for Wall Street, but trading has been amazing. The volatility is just unbelievable. Today, I had a very nice time trading Apple! You can watch the recap that Brian and...

24 Oct

Posted at 15:07h in Andrew's Newsletter

Dear Traders,President Xi Jinping of China solidified his leadership over the weekend at the 20th National Congress of the Chinese Communist Party. The Hang Seng China Enterprises Index, a gauge of Chinese stocks listed in Hong Kong, saw its biggest decline after any Communist Party congress since 1994. Meanwhile, the onshore yuan fell to the weakest since 2008. In the US markets, Chinese stocks collapsed, with NIO, PDD, and BABA all suffering double-digit sell-offs. BABA...

24 Oct

Posted at 13:57h in Andrew's Newsletter

Dear Traders,It is a difficult time for many social media users. Snap missed big earnings again and has plunged over 35%. META, the parent company of FB, Instagram, and WhatsApp, is also trading lower, back down to its 2017 levels. Today, my trading included some scalp on my side on TQQQ and NVDA, and two losses on AAPL and TSLA. You can watch the recap that Brian and I posted here. Everyone seems to be moving...

20 Oct

Posted at 15:57h in Andrew's Newsletter

Dear Traders,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...

20 Oct

Posted at 07:56h in Andrew's Newsletter

Dear Traders,NFLX surprised everyone! A business that everyone thought was dying instead added 2.5m new subscribers and surged over 14% today. I traded it nicely; Brian lost on it. You can watch our recap here. The Bear Bull Traders leadership team recorded this video for you regarding the Fort Lauderdale, Florida meetup. Only a few spots are left. I hope we can have all of you attending the meetup. Don’t forget, November 2 is the big...

18 Oct

Posted at 09:04h in Andrew's Newsletter

Measuring Trading Performance So how did your trading go today? And how does that compare with yesterday and every day last week and last month?Some traders would answer those questions in terms of dollars gained and dollars lost. Others would measure their performance in percentages. Some might even think in terms of how their trades made them feel. Many, however, record each winning or losing trade in terms of an R-Multiple (with “R” standing for “risk”)....

17 Oct

Posted at 21:00h in Andrew's Newsletter

Dear Traders,The market has given us another crazy and volatile day. What a day to be a trader! The market gapped up and traded stronger, and I personally traded TSLA, TQQQ, and AMD. Brian took TQQQ and RBLX successfully. You can watch our recap here. Amazing NEWS! Our Florida meetup is almost sold out. We have less than 10 spots left. We are providing a full day of live trading, lunch, webinars, and a time for...

13 Oct

Posted at 14:48h in Andrew's Newsletter

Dear Traders,The inflation report for September has come in and it indicates that inflation last month was hotter than expected (albeit hot inflation is not really news anymore). The market gapped down significantly, over 2%, and everyone was anticipating a big meltdown again, but the market bounced back strongly and is now trading almost 2% higher. This 4-5% volatility intraday makes trading amazing. I had one of the best trading days of my career by going...

13 Oct

Posted at 09:00h in Andrew's Newsletter

Rule 1: Day trading is not a strategy to get rich quickly. Day trading looks deceptively easy, so one of the most important lessons you can learn, regardless of your level of experience, is that you will not get rich quickly by trading. It is not the same as gambling or playing the lottery. Brokers do not normally release customer statistics to the public but there was one exception in Massachusetts that any day trader should...