All posts by David Prince
Can You Outperform The Market?
David Prince of T3 Live’s Inner Circle explains how traders can create Alpha through sizing: Are you taking on too many positions? Maybe. Sometimes, less = more in this game. And it’s possible to outperform the market with proper sizing on your best positions.
Continue Reading -->How David Prince Nailed TSLA’s Drop
“This is the greatest day in the history of days” That’s what one Inner Circle member had to say after a winning day trading Tesla (TSLA) puts in the room! David Prince saw weakness coming in Tesla earlier this week and went long the July 19 $245 puts on Tuesday. It was a nerve wracking trade for some with Tesla up over 50% since the end of June. But it all paid off on Thursday when the puts popped more than 200% as Tesla announced delays to its robotaxi project. This trade paid off big for members who were willing to follow along. How do we know when the top is? “The way to find tops is to look for relative weakness. When the Nasdaq is up 3 points and Tesla is lagging… you’ll know we’re at the top.” David also logged a winning Tesla puts trade inside his Epic Trades newsletter this week! Click here to learn more about Epic Trades so you don’t miss the next big idea from David.
Continue Reading -->Advice for Permabears: Opportunity Cost Is Your Enemy
What do you do if you missed $AMZN $NVDA $TSLA $AVGO?@epictrades1 explains the problem with being a “smart” permabear. This sounds a little mean… but you need to hear it. Opportunity cost is killing your P&L. pic.twitter.com/uCay0JOYgV — T3 Live (@t3live) July 4, 2024 The problem with being a permabear is opportunity cost. So many traders are obsessed with predicting declines that they miss out on all the huge opportunities on the way up. Plus, when things do correct, whatever a bear makes is dwarfed by that they could have made if they participated in rallies. David Prince explains this ugly truth in a not-so-nice way that people really need to hear.
Continue Reading -->Why Amazon Can Hit $220
David Prince of T3 Live’s Inner Circle explains why he’s loved Amazon (AMZN) so much, and why it can hit $210 to $220 this year: Amazon (AMZN) has been a monster stock in 2024 — but only after years in the dumps. David Prince explains: Why so many things are going right at Amazon The power of AWS and Amazon’s advertising platform Whether AI has a role to play at Amazon Why Amazon can’t hit the profitability of a name like Nvidia (NVDA), and why it doesn’t matter What it will take for Amazon to hit $21o to $220
Continue Reading -->Tesla Pops – This Is What’s Next
Tesla (TSLA) is 64% off its April lows. David Prince explains what’s next for this tech name: David also goes over: His long-term and short-term takes on Amazon (AMZN) How he’s positioned into the NFP report Friday and CPI report next week Why Inner Circle positioned long in Eli Lilly (ELY) What people who missed this year’s big market gains should know
Continue Reading -->NVDA + DELL + SMCI: What’s Next for AI?
Join David Prince LIVE as he breaks down: -What’s next for Dell (DELL) after earnings -Why Super Micro (SMCI) is getting pounded so hard -Why there is only one Nvidia (NVDA) -What today’s Viking Therapeutics (VKTX) news means And MORE!
Continue Reading -->Trading Success: Making Money vs. Being Smart
You can focus on being smart. Or making money. These are NOT the same thing. David Prince of T3 Live’s Inner Circle explains.
Continue Reading -->David Prince: Trading Strategy Update
David Prince of T3 Live’s Inner Circle updates us on his trading strategy into June of 2024. David goes over: How to view the underperformance if IWM vs. SPY Why options buyers could be disappointed by Dell’s (DELL) earnings on May 30 Why Dell outperformed momentum favorite Super Micro (SMCI) How he played tricky solar name Enphase Energy (ENPH) And More!
Continue Reading -->The Bull Case for Viking Therapeutics
The weight-loss drug market is booming as you see with $LLY and $NVO.@epictrades1 explains why $VKTX is one to watch, and why it could be taken over. ⭕️ https://t.co/XT0fy7n48t to join David pic.twitter.com/vZ3Z4rhbcY — T3 Live (@t3live) May 1, 2024 David Prince has been a long-term bull on Viking Therapeutics (VKNG) for some time as a prime play in the weight loss drug space, which has been dominated by Eli Lilly (LLY) and Novo Nordisk (NVO). In this video from May 1, David explains why the company might be taken over in the future by a larger company like Pfizer (PFE), Merck (MRK), or Bristol-Myers (BMY)
Continue Reading -->The FTX Collapse: A Love Story
The FTX collapse and associated mess in the crypto market isn’t the first disaster of its kind. And it won’t be the last. Richard Feynman said “The first principle is that you must not fool yourself—and you are the easiest person to fool.” I tell my Inner Circle traders it’s better to be humble than smart. The number-one problem with smart people is they know they’re smart. They’re in love with their own brainpower and can’t question their instincts. Humility makes you question yourself. Take VCs. They are in love with the idea of finding the next Mark Zuckerberg or Steve Jobs or Warren Buffett or Elon Musk or Shopify (SHOP) or Salesforce (CRM) or whatever. And that is their greatest weakness. This mission to find extraordinary opportunities creates blind spots. Which is how they get fooled by fooled by hucksters like Sam Bankman-Fried, Elizabeth Holmes, and Bernie Madoff. When you’re a billionaire that’s financed 10 Silicon Valley unicorns, you never imagine that you could be the victim of a hoax. And there is a lesson for traders here too. Love people, not stocks. Stock traders fall in love with finding the next sexy asset class or the next Apple (AAPL) or Tesla (TSLA). And they never ask themselves “what if I’m wrong?” That turns research and analysis into confirmation bias. Everything you see — even if it’s bad — confirms what you believe. Let me give you an example. Say a semiconductor company reports a massive spike in inventories. The blind bull will say “that’s good because it’s more product to sell.” But if you have an ounce of skepticism, you’ll ask questions like “is demand drying up?” If you never ask tough questions, you will go broke in this bear market. I guarantee it. Confirmation bias wins because humans are determined to be right. That is why FTX will happen again and again for the next 10,000 years. There were TONS of red flags around Sam Bankman-Fried and FTX. Like lack of experienced management in a complex, difficult field… including no CFO! There were obvious conflicts of interest with Alameda. And a huge money funnel to Washington. Smart people armed with confirmation bias will make up excuses for anything and everything. “They don’t need a CFO because they’re MIT geniuses.” By the way, you’re about to see the biggest comedy in the world. Some of the biggest crypto players are out there aying “Crypto is still great! It just needs regulation so I’m marching to Washington to get it done!” Up until a week ago, no regulation was the whole point! The scary thing is crypto will get even messier. So remember this kids: be smart, but stay humble!
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