Market Holds and Tesla Strong Move

Dear Traders,

The markets were destroyed yesterday, with the technology sector QQQ down over 6%. More aggressive hikes are on the way, and central banks all around the world (with the exception of China and Japan’s) will continue to raise interest rates. Today, the market found some stability, and I made one great trade on TSLA. You can watch the recap that Brian and I posted here.

Ardi and I have opened many cash secured puts on TQQQ and SOXL. A good time to sell puts is on days when everyone is panicking, as premiums are expensive to collect!

The hot debate right now is whether we are headed for a soft or a hard landing in 2023. A soft landing means inflation will come under control without a severe recession, and a hard landing means we will be seeing massive unemployment and a slowdown in the economy.

Today, for Wednesday Psychology, Créde will be hosting an important webinar starting at a special time of 5pm ET. Please note as well that Créde is offering an excellent self-paced course that I highly recommend traders to check out.

Créde’s topic today is Finding Your Mental Edge. Trading is a performance sport and mindset is a competitive advantage. To be a successful trader or athlete, technical skill is a requirement. But technical skill alone is not enough. In sports and trading, where split-second decisions and impulsive actions can make or break a career, mindset is what separates the good from the great. Drawing on cutting-edge performance psychology and the mental training techniques of professional athletes, this webinar will explore the similarities between professional sports and trading and provide practical tips for you to gain the mental edge in your trading.

If you are planning to come to Toronto for the MoneyShow, please RSVP here for a meetup we are holding after my presentation.

To your success,
Andrew