Dear Traders, I am back from my trip to Papua New Guinea and climbing the 6th of the Seven Summits, the 7 highest peaks on each continent. On the way home, I stopped in Australia for 3 days and saw Brisbane, Canberra, and Sydney. On short notice, 15 traders from Sydney came out and we had a very nice meetup. I couldn’t believe we have this many traders in Sydney. The time zone is horrible for day...

Dear Traders, I have two pieces of good news and one piece of bad news for everyone. First, the good news! I successfully climbed the highest peak in Oceania, Mount Wilhelm. It was a great journey into some of the wilderness areas in Papua New Guinea that humans rarely walk. I had two local guides plus a dog supporting me and I had the whole massif for myself. It is the 6th of 7 summits in my...

Dear Traders, I am on my way to climb some of the highest peaks in Oceania, including in Australia, as part of my attempt to climb the Seven Summits. I will miss a few trading days in this coming week, but as many saw on Monday, I traded LIVE on our YouTube channel. My recap is here and I plan to do more LIVE trading on YouTube. If you are not yet a subscriber to my channel, make...

Dear Traders, Today Paras and I traded Tesla live. I made a small profit with $TSLA and it turned out an amazing day trading Netflix. You can watch today's recap here. Please let me know in the YouTube comments if you have any questions. As you know, I have been bearish on Tesla for quite some time, even though our community members are split over him for some good reasons. Elon Musk went and solved the (difficult,...

Dear Traders, Trading was fantastic today, with some excellent moves on Tesla. Thor and Paras traded Tesla live with me and we were all successful, even though we traded completely differently. When you are on the top, it is easy for people to criticize you. Elon Musk is an amazing entrepreneur with an incredible track record, and for exactly the same reason, people love to cite him and say they know better than him. I am overall...

Dear Traders, The major international development over the weekend was of course Iran’s missile and drone barrage against Israel. President Biden reportedly told Israel’s Prime Minister Benjamin Netanyahu that the US won’t support a counterattack, while European nations are also calling on Israel not to react with aggression. Iran has said, “the matter can be deemed concluded”, which essentially means: you attacked our Embassy complex, we attacked you, let’s call it quits. What happens in the next...

Dear traders, Congratulations to all of you who did an amazing job in holding the biggest event ever for our community in Vancouver! Over 250 people attended, with many excellent talks and presentations delivered. The pictures will be ready shortly, and I hope you will share them as much as possible in your social media and with your group of friends. I had an idea to make next year’s event even better. Wouldn’t it be wonderful if...

Dear traders, Yesterday, we wrapped up our biggest summit ever with over 250 traders attending in Vancouver at the Paradox Hotel. I opened the event with my famous Everest suit and ended it with an unbelievable group photo! See my LinkedIn post and please connect with me if you are on the platform. The number of participants were so many that when our photographer wanted to take the group photo at the end, he had to go...

Dear Traders, What a day to end the week! Did you see what happened? Elon Musk denied a report that Tesla had called off plans for a less-expensive vehicle, saying on X that “Reuters is lying.” The report, which dragged Tesla shares lower by as much as 6.2%, just came before Paras was trading it LIVE in the chatroom. As soon as he decided to step out, the news broke. It was unbelievable to see such...

Dear Traders, Today, I had my biggest day trading loss in the last two years: over $75,000 on Tesla. I had a bias toward short, and I kept trying to short it, although the price action was really not confirming it. Having a bias about a trade is dangerous. Today, Tesla reported its delivery numbers, and it was by far its biggest delivery miss. Since the pandemic, it is the first year-over-year drop in its delivery of...