Record Highs Everywhere
Dear Traders,
It’s been an extraordinary week for all kinds of reasons, so here’s a quick recap. We’ve seen a massive surge in the price of financial assets, with stocks hitting record levels all week. The S&P 500 has closed at an all-time high 50 times this year—and we still have seven weeks left. The last time it achieved this many highs was back in 2021. To put it in perspective, SPY typically reaches an all-time high about 28 times a year.
Banks have been soaring, and a big driver behind that is the expectation of a lighter regulatory touch. For major Wall Street banks, this likely means more dealmaking ahead, with changes anticipated at the FTC and DOJ that could impact merger approvals.
Crypto has, of course, been “mooning” as well, with the new administration expected to take a much friendlier stance on the space.
Many of our traders with significant crypto positions are enjoying an amazing ride. I know friends who went all-in on crypto and are now thrilled to be back in “happy times.”
Tesla, too, has had a phenomenal week, with its stock rocketing over 40% in just four days, reaching $358 and adding a massive amount to its market cap. Considering Tesla’s near-trillion-dollar valuation, these moves are monumental. Elon Musk’s net worth has surged by about $350 billion, fueled not only by Tesla but potentially by crypto holdings like Dogecoin, which is currently trading at 36 cents per coin.
But a word of caution: while these gains are exciting, they’re often unsustainable. Trading without a solid plan and proper risk management can be disastrous. I learned this firsthand on Friday, trying to short Tesla, convinced it couldn’t climb another 10%—yet it did. Check out the recap where Brian and I both took big losses on TSLA calls on Friday.
Today, Tesla continued its rally, showing just how volatile and unpredictable the market can be. In addition to Tesla’s rise, crypto assets have been on fire. Bitcoin hit a new all-time high of $86,000, boosting stocks like COIN, MSTR, and MARA by 5-10%. In our trading chat room, we saw some incredible opening-range breakout trades on these moves, proving once again that having the right strategy pays off.
Key takeaway: Risk management and preparation are everything in this market. Simulating trades is one of the best ways to build experience and learn how to handle sudden market swings. That’s why we launched our $50,000 Funded Training Accounts three months ago. With a small investment, traders can experience a real trading environment and potentially take home profits. Our first cohort has already seen success—though some also faced setbacks that required them to reset their accounts, an invaluable lesson in real-world trading and its psychological challenges.
Remember, making money in the stock market is one thing, but keeping it is the ultimate goal. If you’re ready to practice and prepare for the next wave of market moves, consider joining our $50,000 Funded Training Accounts program.
Check out my YouTube recap of the $30,000 loss I took and see why disciplined risk management is essential. You’ll also find a call to action for the Funded Training Accounts there. Looking forward to navigating more market volatility with you in the chat room!
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Join our full program at 60% off and get everything you need to elevate your trading skills.
What’s included in the program:
- Full access to all day trading and options trading education
- $50,000 Funded Trading Account with profit payouts after three months
- Exclusive live sessions and tutorials on BBT Education Center with our expert team
Don’t miss this chance to learn and grow in real market conditions.
To your success,
Andrew
