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Chat With Traders

232: Nishant Porbanderwalla – Trade Recap: Manic Meme-Stock, Profound Profit

Chat With Traders

Tessa Dao

Education, Business, Investing

4.92.3K Ratings

🗓️ 12 April 2022

⏱️ 35 minutes

🧾️ Download transcript

Summary

Nishant Porbanderwalla—a senior trader at proprietary firm Kershner Trading Group—is no stranger to the show. In his third appearance on Chat With Traders, Nish recaps how he booked an outsized six-figure profit trading meme-stock NASDAQ: DWAC (Digital World Acquisition Corp). The date was 22nd October 2021, the day DWAC traded from $50 up to a high of $175, on news of a merger that would launch Donald Trump’s planned social media platform Truth. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode is brought to you by Slack. With Slack, you can bring all your people and

0:05.9

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0:11.1

enable flexibility and automate workflows. Plus, Slack is full of game-changing features,

0:16.9

like huddles for quick check-ins or Slack Connect, which helps you connect with partners

0:20.9

inside and outside of your company. Slack. Where the future works, get started at

0:26.9

Slack.com slash DHQ. I think that the holidays feel like frozen noses. I love walking with

0:37.6

the dog for long periods of time, hopefully it's snowing and you've got to wrap up warm.

0:42.3

So I think a frozen nose is a sweaty armpit because your wrap top is so warm but then

0:46.1

you're climbing hamps and heath and you get to the top and you're like, and then you

0:50.3

can see the breath, but then your nose is still freezing to top.

0:54.9

Join in every sip with red cups now back at Starbucks.

1:01.9

Markets, speculation and risk. This is the Chat with Trader's podcast hosted by Aaron

1:09.0

Faefield. Traders, thanks for joining me here on episode 232 and this episode is another

1:18.3

trade recap. That means it's a shorter episode with the sole intent of analyzing step-by-step

1:26.2

how my guest went about putting on a single trade or rather in this case it's multiple

1:32.1

intraday trades. And my guest is no stranger to the show. It's my guy, Nishant Pupandawella.

1:39.8

Nish is a senior equities trader at Kirshner Trading Group in Austin, Texas who's been active

1:45.7

in markets for more than 15 years. As I alluded to, Nish has been on the podcast several

1:51.9

times before and each time it's been a seriously good episode. If you haven't heard these

1:58.2

already you certainly should check the show notes for links.

2:02.3

Chat with Traders.com slash 232. For this trade recap though, Nish details how he booked

2:10.7

an outsized six-figure profit trading DWAC. The Nasdaq listed social media spec with ties

...

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