This week will probably be another volatile and amazing week. Over the weekend, Credit Suisse, the troubled Swiss bank, was acquired for 27 cents/share by the other large bank in Switzerland, UBS. Also, last week, Silicon Valley Bank was rescued by the Treasury Department and the Federal Reserve. The market stabilized a little bit and, thanks to Ardi, I covered my puts on GS both today and last week for a nice profit.
It’s the power of community!
Today, thanks to our buddy Norm, who called it at 9:50am, I took a trade on Tesla at 9:51am for an incredible profit. Everyone loved the call by Norm, and I myself made over $10,000 in trading Tesla from $174 to $187! You can watch my recap here!
Given that IWM holds many regional banks, Ardi has a trading idea to short puts of IWM this week at $165. I shorted 100 contracts to see if I can make $15,000 this week (should IWM hold above $165).
Carlos has produced an amazing video on Opening Range Breakout. If you haven't watched it yet, I strongly suggest you to do so - this is a great step by step video on ORB.
Tonight, for Monday Onboarding and Technology, Carlos and Mike will walk you through the tools needed to start your trading career and introduce you to both our philosophy of education and our suggested path to success, with the end goal being that you will be able to build your own winning TradeBook for the stock market. All members, and in particular our new members, are most welcome - and very much encouraged - to join us on Monday nights. Their session begins at 8pm ET.
Tomorrow night, for Tuesday Strategy and TradeBook, I will be presenting a webinar titled: Trade Management Part 2: Defining Stop Loss Levels and How to Avoid Averaging Down. I will discuss how I determine my stop loss levels for my TradeBook strategies. I will also explain why it is so important to avoid averaging down and how you can prevent it from happening. My presentation begins at 8pm ET.
Our St. Patrick’s Day sale ends this midnight. For a very limited time we are offering a 60% discount off the regular price of an Elite annual membership. You will receive one full year of access to everything that Bear Bull Traders offers for only $999. You can access this offer here. Please use discount code “STPATRICKS”.
Happy Nowruz to those who are celebrating the first day of spring! Nowruz is the Iranian (or Persian) New Year that is celebrated by various ethnicities worldwide. It is a festival based on the Iranian Solar Hijri calendar and the spring equinox, which occurs on or around March 20 or 21 in the Gregorian calendar. My family is here with me, and we all plan to celebrate the new year together today!
Last but not least, Brian remains in Asia, and we all miss him! I hope he is enjoying this time with his family! We miss him much!
To your success,
PS: I love to stay connected with everyone on social media and each platform is of course different:
> Follow me on Instagram for the travelling trader lifestyle!
> Connect with me on LinkedIn for professional content.
> Follow me on Twitter for trade recaps and some memes!
> Subscribe to my YouTube channel for hot content from BBT team.
Andrew Aziz (Ph.D.) is a Canadian trader, investor, proprietary fund manager, official Forbes business Council member, investor, and #1 best-selling author.