From the pandemic crash to market highs in just months…
It’s that time again, gang! Welcome to the latest edition of Bohen’s Take.
I’m loving life right now. Being a trader in these crazy markets is amazing. We’re having an absolute ball inside the SteadyTrade Team community.
In this edition, I’ll tell you about the red-hot stock I’m calling the ticker of the decade. It added hundreds of billions in market cap in August alone.
You’ll hear about how I’ve been streaming premarket live sessions and Daily Market Briefings to thousands of traders. Stick around and find out how you can join in for absolutely no cost.
Plus, I’ll tell you about my long, annoying journey to finally finishing up my farmhouse-style kitchen.
Welcome to the life of Bohen. Let’s dive in…
Table of Contents
Well, gang, August was a heck of a month!
The market has been absolutely red hot, especially for penny stock traders…
Who would’ve thought just months ago as global markets were collapsing, that the S&P 500 would be back to making all-time highs by August?
I knew we’d rebound to market highs, but I didn’t know it’d be that quick!
I can’t say it enough … These markets are incredible. Like we’re in a gold rush…
It seems like everywhere I look, traders are having monster weeks and months. Some report making some mind-boggling profits…
If you’re not currently trading in the market, now is just about the best time ever to get started. And I have a few ways I can help you…
When the market’s hot, there are so many plays. That means more opportunity to learn and trade. Where to start?
First, you can check out the live premarket prep sessions that I do each morning.
These have really been growing. I sometimes have thousands of traders viewing the live feed. It’s just me in my home office, talking about the markets. I think everyone should know what’s up in the markets. So join me! Check them out on the StocksToTrade Instagram page or the StocksToTrade YouTube channel.
OK … live streams are great. But what if you’re ready for me to teach you everything I know about trading?
My life outside the markets has been hectic lately, as well.
If you’ve been following me on social media, you know that I’ve been renovating my kitchen the past six months…
Now, it wasn’t by choice for it to take that long. In fact, initially, I thought it’d be done in six weeks…
But, lo and behold, the pandemic came along. We had lockdown orders, and, well, here we are. In the end, though, it was all worth it. The family and I love it…
View this post on Instagram
Got a lot of DM’s asking about the progress on the kitchen remodel. Between the shutdown and the wildest six month stock market in history, progress had been glacial, but finally in the punch list phase. And yeah 2 months later my refrigerator and dishwasher are still on back order. #farmhouse #remodel #kitchendesign #kitchen #homeimprovement #handyman
What do you think? Tell me in the comments below if you like or hate my handy work…
Trade of the Month
With the markets being so red hot and seeing new market highs, I could probably name 100 different tickers for the trade of the month…
But let’s just keep it simple and go with the ticker that I’d probably call ticker of the month, ticker of the year, and possibly ticker of the decade…
I’m talking about none other than Tesla Inc. (NASDAQ: TSLA).
My followers on social media and regular readers of this blog know I’m a huge Tesla and Elon Musk fanboy. I wish we had a 1,000 more Elons to get up to all kinds of crazy, inventive shenanigans…
In case you’re wondering … I definitely want a CyberTruck when Tesla finally produces them. Some people don’t like them, but I think they’re awesome!
So, why am I calling TSLA the trade of the month? For one, just look at this darn chart…
That’s a company with a $400 billion market cap, with a chart that looks like a red-hot penny stock exploding upward.
In fact, TSLA has a bunch of the things we look for in penny stocks: A breakout of a heavily shorted stock with cool technology.
I may confuse some people with my TSLA explanation here. It’s important to know that the stock has just been split 5-to-1. So keep that in mind as I break down the TSLA stock price — I’m talking about the post-split number.
Lessons From a Hot Market, a Hot Stock, and Market Highs
TSLA started the year trading around $88 (again, adjusted for the stock split). It ran up to $193 before the pandemic panic sent the price falling back to $69 in March.
Since March, TSLA has come back roaring. It seems to just keep breaking out and going a leg higher.
As I write this, it’s trading around $450. It started August at around $290…
That’s close to a 56% price increase in a single month. But, it gets freakier when you think about the pre-split numbers.
If you’d bought one single share of TSLA pre-split at the beginning of August and held it until the end of the month, you would’ve made somewhere around $800 … On a single share!
I feel like what I’m seeing with TSLA is something I’ll tell my grandkids about one day. The wild wild west of pandemic stock markets…
So, what’s the actual TSLA trade setup for the month? There isn’t one really…
The lesson to take away from this is to go where the market’s hot. Go where you’ve got the big volume of traders and investors. That’s where the big price movements can really take off.
Sometimes it’s a stock like TSLA or a hot sector like crypto, marijuana, or virus stocks.
Want help hunting for the hottest sectors? Come find out how I do it — join the SteadyTrade Team!
It’s also a cautionary tale for short sellers. Shorting in this market is dangerous. You MUST know what you’re doing. Some TSLA shorts seem determined to learn this lesson the hard way. Here’s a top trading pattern to focus on instead…
StocksToTrade Feature of the Month
Without a doubt, the STT feature I’ve been loving the most this month is the Breaking News Chat.
I’ve mentioned it before. It’s probably my favorite feature that we’ve ever added to the StocksToTrade platform.
And it just got a little better…
Now there’s an alert sound when one of our market pros mentions a hot stock in the chat.
What’s so amazing about an alert?
For me, I can now fully utilize the awesome hunting abilities of the Breaking News Chat without having to keep my eyes glued to the screen all day.
I can be sitting around, reading books, making videos, remodeling my office … Then when I hear that little alert, I can get to my screens fast for a potential killer trade. I love it!
If you haven’t signed up for the Breaking News Chat yet, I highly recommend you do.
Our team of experienced market pros scours the internet and media all day. They’re looking for any information that can send stock prices soaring — and they alert you immediately in the chat.
It’s been a game-changer for me and a lot of traders. Tim Sykes is just one trader who can’t get enough of it. I fully recommend it. Learn more and sign up here.
Life has been so hectic and busy lately. So I’ve been making time to relax with one of my favorite hobbies: reading. I’ve been reading fiction lately. And boy, have I found some good ones…
I recently read “The Terminal List” by Jack Carr. I gotta say, it may be the best fiction I’ve ever read.
It’s a military-themed thriller, and it’s absolutely up my alley as a military fanboy. As I write this, I’m even wearing my Jocko Willink t-shirt!
Jack Carr is possibly the next Tom Clancy. I can’t recommend his books enough.
And I loved his first book so much that I’m wasting no time in getting started on Carr’s second book, “True Believer.” I’ll let you know how it goes…
I know, it’s not a trading book. Again. So are there any trading lessons in this book? Or at least anything to benefit a trader?
I’d argue that shutting your mind off and getting swept up in a story is great for your mental performance. It’s smart to get the market off your mind sometimes. Even when we’re at crazy market highs.
Also, these books have a Navy SEAL military theme. I always find the grit, determination, and discipline found in the military really inspires me in my performance as a trader.
If you’re looking for your next fiction read, check out Jack Carr’s books.
(As an Amazon Associate, we earn from qualifying purchases.)
That’s it for the edition, folks.
I can’t say it enough … I absolutely love being a trader right now!
I’ve never seen the markets so hot. Who knew we’d get back to market highs so quickly? There are so many setups and so much volume in even the smaller name stocks. We’re truly in a trading gold rush.
I have to caution you though, it’s important to stay focused. Don’t get greedy and sloppy in times like these. Even though the markets are ripe with opportunity, you need to know what you’re doing and have a plan.
If you want to stay up to date with how I’m attacking these markets, all day, every trading day, then come and join us in the SteadyTrade Team community, that’s our elite trader education portal where I’ll teach you every high-level trading trick I know.
What do you think about the market highs? Can it last … or is it doomed to fall soon? Tell me in the comments below!