What Happens in Vegas Goes to My Newsletter!
Dear Traders,
Yesterday I returned from an amazing weekend in Vegas and I traded the market open in my office today. MoneyShow invited me to have 2 presentations over the weekend in Las Vegas, which received a lot of interest from the attendees. We had to stay 45 minutes longer for one of the sessions to answer questions. It was another humbling experience in my journey and I am grateful for all your support.
My great friend and amazing BBT moderator, Brian Pezim, also attended the MoneyShow and had his presentation on trading. You can see all the photos from our MoneyShow here.
Last week’s trading was amazing. Right when everybody thought AI mania was getting to its peak and over, NVIDIA reported last week revenue up 22% from the previous quarter and up 265% from a year ago, leaving everyone feeling shocked.
Another interesting news was that US representative Nancy Pelosi also bought Palo Alto Networks ($PANW) calls worth up to $1.25 million dollars. Considering that she bought $NVDA before it shot up, many traders are looking into investing in $PANW before it skyrockets too!
Today trading was crazy! After $LI, the Chinese EV automaker’s stock had their earning which was great and their stock gapped up 15%, Tesla’s price went up by 4% and was in play. This price increase happened to many other EV stocks like $NIO, $LCID, and $RIVIN.
This is called sympathy play. It happens when one stock in a sector does really well, and the rest of the companies in that sector see price growth. We saw a similar action when Lyft had their most recent earning and had a huge spike in their price, caused by as they announced an error in their expected growth, Uber also saw a considerable price increase.
I recorded a recap and explained these market actions in more detail. Make sure to watch my recap here and let me know if you have any questions.
In celebration of the Leap Year, we have one of the biggest sales on Trading Terminal this week.
This is a sale that literally happens every 4 years and we are excited to have all our courses included the latest and most popular ones on 50% off.
How to win trading the Opening Range Break (ORB) strategy.
Lenny, one of our senior traders at PCT, has just released his course on opening range breakout. If you are in the chatroom you know ORB is one of my most used strategies. This is a great course to learn and master the trades at the market open.
Reading the Tape – A Game Changing Edge in Trading.
Paras’ Reading the Tape is one of the best-selling courses at the Academy. Hundreds of students gave amazing reviews about this course and I am confident that this content will help you take your trading game to the next level.
Check All Courses
Lastly, I am moving to my new apartment today. Moving right after a busy weekend is not a great idea. But I am excited to show you the view from my new apartment soon.
To your success,
Andrew
