Issue 132: Traders Bet BIG on Uranium Trade - Masters in Trading Digest

Traders Bet BIG on Uranium Trade

Hey Traders! Here’s what we’re covering today:

  1. Yellow Cake  – $LEU, $UUUU, $DNN, CCJ – Buy Uranium Stocks.
  2. Member Spotlight – 2-Year Anniversary
  3. Quiz Results – 8 Options Questions; How did you do?

The Uranium markets trade differently than other commodities like Gold, Silver or Copper. Those commodities trade on an “open” market which have public price discovery.

On the other hand, the prices of spot Uranium are negotiated privately between buyers and sellers. Because this price discovery is not transparent, companies that are exposed to the prices of Uranium can frequently trade without regard to Uranium’s spot price.

This disconnect between the price discovery of the actual commodity and publicly traded companies moving off pure supply and demand presents great trade opportunities for those paying attention.

Notice how we continue to buy Uranium (through $LEU) on all dips (chart above).

MEMBER SPOTLIGHT

Mike F joined the Masters in Trading coaching program on September 16, 2020. For the last two years, Mike has attended 2-3x training sessions per week.  He is also an active member in the MIT Discord Community (@MFL).

JONATHAN:  How long has it taken for you to get comfortable while having a complete understanding of the conversation in the Masters in Trading Discord Community?

MIKE:  It's taken what I feel is a lot more than most to feel like I can bring something to the discussion in MIT.  It's taken a good 12 months for me to be able to confidently build a bond chart and know what spreads I want, what each spread is, and what spreads make up the butterfly without looking.  It is hard for me to know what I know unless I have a question recalling that information; especially not having the confidence/experience of you, Pablo, Stacy, and Steve. 

I have leaned heavily on paper trade this last month, as that is a free way to be able to build confidence which I think without paper trading, it is more difficult and leads me not to apply information as much as I could.  I've focused on bonds the most and it's made education with other sectors easier.

JONATHAN:  Thanks Mike, I appreciate you!

MIKE:  You’re welcome. Your question made me realize I could work on confidence by “selling” my trade in the Masters in Trading Discord Community.

JONATHAN:  YES!! That’s your level right now… you should share ideas and challenge the group to poke “holes” in your trade ideas.  Be confident; YOU understand more than you realize.

In last week's MIT Digest, we invited subscribers to participate in an 8-question options quiz. Overall the scores were excellent, very impressive.  The question about gamma proved to be the most challenging.  Video:  Quiz Overview

Masters in Trading Digest - Issue 132

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Until then, trade smart.

Thanks for reading,
Jonathan Rose

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