Category Archives for JR Romero
JR Says “Nvidia Can Hit $200, and GLD Can Hit $300”
In this week’s interview, JR Romero explains why he is still bullish on Nvidia (NVDA) and Gold (GLD). JR goes over: Why Nvidia (NVDA) can hit $200 The case for Gold (GLD) going to $300 The big problem with trading the gold miners Why AI will have seismic ramifications for the economy Why you can’t compare AI to the internet The right way to trade this tricky market environment
Continue Reading -->Is Technical Analysis Voodoo? JR Romero Answers
Is technical analysis voodoo? JR Romero answers that and a lot more: JR goes over: The market complexion following the PPI and CPI reports Why IWM is dead money you can ignore What successful traders do different The right way to perceive technical analysis and chart analysis Why you must focus on analyzing supply and demand in the markets Why JR does not expect new highs until Q4
Continue Reading -->Why Tesla Is Going to $300 – JR Romero Explains
This week’s Open House with JR is BOOMING. Watch this video to see why so many people love JR’s calls in Momentum Express. JR goes over: Why he got long Tesla around $172.50 when everyone hated it What happened when Tesla stopped dropping on bad news The importance of Tesla’s energy unit Why he thinks the stock is going to $300 Why this was a textbook swing trade Why all the bad news is factored in
Continue Reading -->How to Trade AMD, Tesla, and Nvidia – And Why Tesla Can Hit $300!
This week’s Open House with JR is BOOMING. Watch this video to see why! JR goes over: Why he’s been so bullish on Tesla (TSLA) since well under $200 You can watch an individual clip on that here: JR also goes over: Why he thinks Tesla can hit $300 How he spotted a unique long opportunity in AMD (AMD) today The reason he got long Nvidia (NVDA) for a quick ride higher Monday How he plans to react to a light CPI (if we get it) How he finds winning ideas in this tough, grinding market
Continue Reading -->JR Nailed a 40% Move in Tesla – This Is What’s Next
A month ago, JR Romero said Tesla (TSLA) was his #1 stock. And it’s up 40% since then. In this video, he reveals what’s next for Elon Musk’s baby: JR also goes over: Why he’s still bullish on the market Why he doesn’t bet on “Black Swan” events How he traded Tesla (TSLA) and Nvidia (NVDA) today His honest opinion on whether Chewbacca is underrated (yes, really)
Continue Reading -->The Unstoppable Bull Market
JR Romero sits down to explain: -Why the bull just keeps going -What today’s ADP data means -How to play Gold to $3,000 -Nvidia’s huge rally -Whether the failure of other AI stocks is a danger And MORE!
Continue Reading -->Why Gold Can Hit $3,000
JR Romero sits down to explain: Whether last Thursday’s big red bar means anything A dangerous psychological phenomena that destroys traders Why Gold can hit $3,000 Why he’s been so bullish on Nvidia (NVDA) The big problem with the growing national debt deficit
Continue Reading -->Momentum Trading 101
JR Romero explains how momentum trading works through a simple series of price action lessons. Learn simple technical analysis methods for: Understanding the true nature of momentum in stocks and etfs How to use past momentum to predict future momentum Why the stock market likes symmetry The law of cause and effect in trading
Continue Reading -->Trading Tips from ChatGPT: Are They Awful?
Do you know how long it took big tech and social media companies to reach 1 million users? Netflix: 3.5 years Airbnb: 2.5 years Twitter: 2 years Facebook: 10 months Spotify: 5 months Instagram: 2.5 months But do you know how long it took OpenAI’s ChatGPT app to get its first 1 millon users? 5 days! Artificial Intelligence is on everyone’s minds. People are using AI for things like high school assignments, college papers, virtual receptionists, and customer service. Buzzfeed is even replacing journalists with AI. As traders, we must ask ourselves can we trade with ChatGPT? So we asked ChatGPT a query about trading:: “Give me 7 tips for stock trading that I can’t find in mainstream books, articles, or videos. Tell me what the best pros do and be very specific.” Now let’s rate ChatGPT’s answers! ChatGPT Trading Tip #1: Develop a solid risk management strategy. This includes setting stop-losses, diversifying your portfolio, and having a plan for both short-term and long-term investments. My Score: 6/10 Solid risk management is one of the most important elements of trading. ChatGPT Trading Tip #2: Utilize fundamental analysis in addition to technical analysis. While technical analysis looks at charts and past price movements to predict future trends, fundamental analysis examines a company’s financial and economic fundamentals to assess its true value. My Score: 1/10 The best way to go out of business as a day trader is to worry about fundamentals and technicals. This is one of the worst tips I’ve ever gotten from a robot. As a day trader, I am looking at technical signals and price action to determine my buy and sell decisions. A stock may be attractive on fundamentals but ugly on technicals. So if I listen to my fundamental bias, I might lose my shrt. ChatGPT Trading Tip #3: Keep an eye on global events and their potential impact on the markets. This could include political elections, natural disasters, or economic policy changes. My Score: 6/10: Tape bombs hit the market almost every day. It is very important to understand the potential effect. What ChatGPT misses is that a good trader understands the relationship between different possible events and macroeconomic indicators, and how those can possibly affect the equity markets. ChatGPT Trading Tip #4: Take advantage of options trading. Options trading can provide a way to hedge against potential losses in your portfolio, as well as offer additional income through selling options. My Score: 6/10 A really fast way to lose a lot of money is to be a beginner trader. An even faster way to lose a lot of money is to be a beginner options trader. Options trading can be a very helpful vehicle in terms of hedging trades and portfolios, and the selling of options or options right can be a profitable source of income. It is also something that requires education, skill, and proper risk management. So I’ll give it a six out of ten. ChatGPT Trading Tip #5: Consider the use of algorithmic trading. Algorithmic trading uses computer programs to make trades based on a set of rules and conditions, which can help remove emotional biases from the trading process. My Score: 2/10 Oh boy. I feel a rant coming. I’ve worked with a lot of algorithmic traders. Do you know who loses most to algorithmic traders? It’s other algorithmic traders. So if you think you’re gonna write an algo and go toe-to-toe with Citadel, I have a bridge in Brooklyn to sell you. Algorithmic trading can be very helpful if you have the resources, the bandwidth, and the computing power to do it properly. Then there’s whole idea of removing emotional biases from trading. To some extent, you should remove biases from trading. This idea that traders can just write a program that will trade their idea without their emotions is nonsense. You’re always going to be emotional. You’re always going to have emotions. You have to get over that. You have to embrace the fact that you are an emotional being. ChatGPT Trading Tip #6: Don’t be afraid to ask for help. Many successful traders have mentors or belong to trading groups where they can share ideas and insights. My Score: 10/10 “I can succeed at trading without any help,” said no successful trader ever. The idea that you can be a lone wolf and never get any help is is preposterous. It’s about as easy as launching yourself to the moon. It’s just not going to happen. This is ChatGPT’s best tip by far. You need help. You need mentorship. You need an accountability partner. You need someone to help you figure out a strategy that works. You must understand risk management, technical analysis, and the craft of trading. It takes a team. I almost said “it takes a village” but I stopped just short of that! ChatGPT Trading Tip #7: Continuously educate yourself. The market and economy are constantly changing, so it’s important to stay up-to-date on new developments and strategies in the trading world. My Score: 8/10 This is a good one. It’s funny. There’s an interesting duality here. The fundamentals of markets never change. They were the same 100 years ago when the fathers of technical analysis were writing their books. But every day you wake up and the market has a different personality The dynamics of the market are constantly changing. Price action is constantly changing. So, it is one of those paradoxes where the fundamentals of technical analysis never change and you never see anything new. On the other hand, everything constantly changes, as far as how they move. The most important thing I would tell a beginner trader is to stay up-to-date with developing strategies in the trading world. Understand what’s moving certain markets. Understand the personality of the market you’re trading. That would be the first thing. And a big part of your continuing education is to practice the virtues that got you there to begin with. That would be
Continue Reading -->Meet Pro Trader JR Romero, Leader of the Momentum Express VTF®
Today we’re speaking with JR Romero, the Leader of T3 Live’s Momentum Express VTF®. You’ll hear about JR’s adventure from Argentina to Brazil to New York to Idaho. And you’ll learn how this Columbia University graduate went from coding to working for a major hedge fund to trading his own money. You’ll even hear about the time the roof collapsed on JR during a trade. Editor’s Note: this transcript has been edited for length and clarity. Greta Wall: I want to start from the very beginning here. Tell me about your childhood. JR Romero: Thank you for having me. It’s a pleasure to be with you today. I was born in Argentina in the late seventies during the military junta. My parents were political exiles. I grew up in Brazil and moved to the United States in the late nineties. GW: What it was like growing up in Brazil, and then emigrating to the US? JR: I had a pretty free-range childhood. If I was indoors, I was eating, sleeping, or injured. I had a wonderful childhood with lots of friends, and not a lot of schoolwork. But it was a really remarkable time. GW: What was your family like? JR: We have a long history of entrepreneurship in my family. My grandparents and great-grandparents were all business owners. My father was an economist and a business owner. He was also a very active investor, especially in the forex markets. And my mother was a dance therapist and educator. I have one sister who lives in Uruguay with two children. GW: So you didn’t spend a lot of time inside as a kid. What were your hobbies? JR: I was a pugilist from a very early age. I was very much into karate and judo. And then in my teens, I got pretty heavily into boxing. And I’ve been getting punched in the head ever since! GW: Do you still box? JR: The mileage caught up to me. I’m in my late forties, so I only hit things that don’t hit back. I do the heavy bag and light sparring, and I enjoy coaching my children. Both my sons are avid enthusiasts of boxing and kickboxing. So I’m trying to pass the torch on. GW: Did you come to US with your parents from Brazil or on your own? JR: I left the house at 17. I was a snowboarder and traveled around for a couple of years. I couch-surfed quite a bit. And my girlfriend at the time had a college application to Columbia University. I stole it from her (with permission), applied, and got in. So I came here at 19. GW: You said your dad was an investor. Did he introduce you to trading and the markets? JR: No, not at all. I was a computer engineering major at Columbia University, and then I worked for a hedge fund on the technology side. And through my interactions as a contractor, I was hired by a very important hedge fund. There I became really enthralled with the traders and how they saw the world, how they constantly analyzed probabilities about everything. They would take bets on what time the pizza guy would get there, down to the second. They built algorithms to figure out which restaurant would deliver faster, so I was instantly hooked. And I had a couple of people that took me under their wing within that organization. That’s how I was initially introduced to trading. GW: Tell me more about that transition from the IT side into the trading side. JR: I was immediately paired with the quants because of my computer science background. But I was sort of bored by it. I understood what they were doing. I was more fascinated by technical analysis, charting, and economic catalysts. It was fascinating to watch how trading decisions were made. And I asked to be trained and I was given a shot to participate in that. Eventually, I started trading on my own. It was a real struggle at first, going from institutional to private trading. You don’t have risk managers looking over your head. You don’t have team meetings. You don’t have that kind of support. When you go from trading institutional money to your own money, it’s a very different feeling that’s very hard for some traders to adjust to. GW: When you look back on your early days of trading for yourself, what would you say was the biggest mistake that you made? I was an acute sufferer of the Dunning-Kruger effect from my early days. (Editor’s Note: The Dunning-Kruger effect is a psychological phenomena which occurswhen a person’s lack of knowledge leads them to overestimate their abilities) I had a strong foundation in math and science and a keen understanding of technical analysis. After a couple of years, I thought I was really a good technician. But I found out there is a vast difference between being proficient at reading charts, and actually being a trader. That transition was very difficult and very painful. And it led me down some rabbit holes that took some time to untangle. But, eventually, I figured out a trading style that fit me, and a methodology that worked for my personality, And it’s been a great ride ever since. GW: On the flip side, what was the best thing you did in your early days of training? JR: Asking for help was the best thing I ever did. And the second best thing I ever did was to realize early on that as a trader, you are truly on your own. No one else possesses your same personality profile, your same characteristics, and your same view of the market. And I realized that to be successful, I needed to develop my own sensibility, my own strategy, and my own approach to markets. GW: So you mentioned earlier that had mentors at the institutional firm you were working for. Tell me about those mentors and how they
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