How to Navigate Market FOMO
Dear Traders,
The market volatility continues to be exciting and, let’s face it, a bit nerve-wracking. For those of you who are new to trading, I can’t stress enough the importance of learning how to manage risk—because in markets like these, that skill is worth more than any hot stock tip.
Tesla has been on an absolute tear, gaining almost 40% in just three or four days since the election. Meanwhile, Bitcoin and the entire crypto market are literally shooting to the moon, with Bitcoin now hovering close to an unbelievable $90,000 USD. The FOMO (Fear of Missing Out) is very real, and I’ll admit, even I feel it sometimes. I can only imagine the frenzy on Wall Street. But here’s the thing: these are also some of the most dangerous times for traders. The temptation to jump in is strong, but getting dragged in at the peak is a surefire way to get burned.
Take Tesla, for example. It gapped up yesterday and soared to $360 in the pre-market, only to sell off and settle at $325 today. Sure, it’s still an impressive move, but if you bought near the top, it’s a painful reminder of how quickly things can turn. One rule of thumb that’s as solid as gravity is reversion to the mean. Nothing goes up forever. If you feel like you missed the boat, don’t panic—just wait. Patience is your greatest ally. Eventually, prices pull back, or the moving averages catch up, giving you a better and safer entry.
I had some great trades on NVIDIA today, capturing a nice one-minute opening range breakout. I entered at $146.61 and sold at $148, then later traded it again from $146 to just shy of $150. It was a solid day for me.
But what’s even more impressive is how Avi, one of our top options traders, played the same setup. While I traded common shares, Avi took NVIDIA call options at a $146 strike price, expiring November 15. He bought them for $2.70 and sold them for $3.60, making a cool $8,000! Options can be incredibly powerful, especially for smaller accounts, and Avi’s success is proof of that. He even has a comprehensive course on day trading options, and I highly recommend checking it out if you want to learn more.
Speaking of education, we have an exciting webinar tonight hosted by Thor. He’ll be diving into Volume Price Analysis (VPA) on demand, sharing how to interpret volume and price movements as detailed in his book. Thor is an expert in this field and has even been invited to present his strategies to the Bookmap community. If you’re interested in using VPA to identify high-probability trades, this is a session you don’t want to miss.
Remember, all our webinars are recorded and available 24/7 in our Education Center for Elite members.
Now, for some entertaining news: Pavel Durov, the billionaire founder of Telegram, is making headlines for a rather unique reason. Pavel, worth an estimated $15.5 billion as of Tuesday, is offering to cover the cost of IVF treatment for interested, healthy women under the age of 38 who will use his sperm to have a baby using the Altra Vita IVF clinic, which claims it has the exclusive right to store and use his biomaterial. In July, Durov said he’s had more than 100 biological children in 12 countries via sperm bank donations he’s made over the last 15 years, and announced his plan to “open-source my DNA so that my biological children can find each other more easily.”
It’s wild, and honestly, I can’t decide if it’s visionary or just plain bizarre. I mean, who needs a traditional family when you can spread your superior genes far and wide, right? Maybe I should start doing the same… just imagine a world filled with little versions of me running around! Jokes aside, it’s a reminder that even billionaires can have some pretty unconventional life goals. I personally do respect Durov though. He is an interesting Russian billionaire.
Thanks for reading, and I’m looking forward to trading live with all of you on YouTube tomorrow. Stay sharp, manage your risk, and let’s keep learning together!
To your success,
Andrew
