Dear Traders,

What a day to be alive! Elon Musk is making news these days over Tesla and Twitter. The figures that were released on the weekend regarding Tesla’s third quarter car sales missed analysts’ expectations, leading Tesla to sell off by over 10%. Elon Musk changed his opinion on Twitter and decided to go with the buyout deal, causing Twitter to surge over 20% in one day. Trading in Twitter was halted but it is now trading at $51.

What a world to be alive in.

The market continues to be extremely volatile. Today, trading on TQQQ was amazing for me, and you can watch my recap here.

We are organizing our first ever LIVE trading workshop in Fort Lauderdale, Florida on Wednesday, November 2, 2022. We are hosting a full morning of live trading with Jarad, Thor, Brian, Susan, Mike, and me, followed by a buffet lunch together. After lunch, we will be holding 3 presentations and classes, and we will then head into a time of socializing with a Meetup at the hotel.
 

Florida is beautiful in November, and I would love to meet as many of you as possible there. Space is obviously limited, especially if you want to trade live with us. You can RSVP here!

I’m looking forward to seeing you.

Last night, for Tuesday Strategy, Peter presented an excellent webinar on advanced risk management.

For Wednesday Psychology, Dr. Kenneth Reid will be hosting a webinar entitled: Bear Market Psychology Part 2: Don’t Get Fooled Again. Join Dr. Reid at 8pm ET for another presentation designed to help you break the fear and loss cycle. In this webinar, Dr. Reid will provide you with a method that can be trusted to instill the courage you need to take only those “A” trades, despite any doubts and fears you might experience as you sit at your trading desk. In his July webinar, Dr. Reid discussed 10 “things” that make bear markets different and concluded with a slide of suggestions about how to deal with it all. Clearly, bear markets are psychologically challenging and deserve detailed analysis, and so in this webinar Dr. Reid will begin where the previous one ended. He will unpack that list of practical suggestions and take it even further, based on what is happening in the market right now.