50X Trading Mentor

What would you do if you are down $17,000 on the day?.. Would you still hold it or sell them? Here is what I am doing..

Your true character as a trader is defined by what you do when you are red across the board.

I am going to hold all of my positions as they are all calculated risks I have taken based on my Technical and Fundamental analysis. Of course, you can't blindly hold your positions without knowing your risks, but if you truly believe in your Research and Game Plan, you should not let the short term market momentum affect your trading.

Being Emotionally Intelligent is just one piece of the puzzle every trader have to solve in their trading journey. I will update you guys on these positions later when I decide to close them.

Comment below 👇, What challenges have you overcome so far in your trading journey?

BREAKING 🚨:

Michael Burry just shorted the market with $1.6B. Bought $890M of Puts Bought $740M of Puts.

This now makes up 93% of his entire portfolio. Look out below.

The Nasdaq 100 closed below its 50 Day moving average for the first time since March 10. And now we have a weekly close below it along with the index's worst 2 week stretch since December 23, 2022. Let's see what next week brings 😨

Tech stocks will finish the year higher by another 12 to 15% says Wedbush analyst Dan Ives

Rollercoaster market today. Expecting a nice bounce for next few days before a Final pull back.

What are you guys trading? Comment below 👇..

Update on my positions for the week (ending on 4th July) :

Was up about $4,500 on the week. Sold all of my positions that I took in the begging it the week and added some new positions on Friday. Still holding the positions I added on Friday..

Hope you guys made some good profits last week. Comment below what positions you took and how they went.

If you guys need help with trading, send me a DM. Trade live with me to improve your trading skills.

Cheers 🍻

Apple and Amazon are set to report earnings today after market close. What do you guys think, how the stocks will react after earnings today?

Historically, most of the time Apple went up after they report earnings because of their growth story. This time, market will focus on Apple's growth in India market and upcoming new products such as Apple Vision pro. I wouldn't be surprised if we see $200+ handle on Apple stock after they report earnings today.

On the other side, Amazon revenues are coming solid but it has underperformed so far because market wants to see if they can deliver more profitability. If so, It wouldn't take much for Amazon to hit all time highs.

Fitch Downgraded US Credit Ratings from AAA to AA+.

Last time in 2011 when US was downgraded, RUSSELL 2000 was down 24% & S&P was down 17% in a week.

Piper Sandler today raised its price target on Apple to $220 from $180 while maintaining its Overweight rating.

Apple is set to report Q2 earnings this week on Thursday after hours.

Bought some (very light position) for a short term, earnings play. It's a speculative play.

I believe Google is the only mega cap company that haven't got the AI love from investors. Market is really under appreciating their power in AI.