Pointers: Market down hard globally 2 days in a row - 3% drop, some 5-7%. Globally still sideways down. Down to 8.5K 1) Bitcoin at 9.2K, position trimmed to 5K 2) S&P: 3K, Dow 28K, 3) Monitor XEBEF, tanked to 2.85 then to 2.61 (20% down). Lexagene sold then enter XEBEF but at 3.01. Lexagene tanked 2% but XEBEF tanked 18%. Sold All xebef Actions: Start selling to get back up to 10K. Hold cash for next play. Speculative SPCE and Tesla? 1) Calls MSFT - sold 2 left Apple - sold - 1 left Square - earnings 2/27 - hold AMAT - sold 2/3 left 1 TTD - 1 left FB - 1 left DNH - 1 left ADOBE - sold 1 left BLK - sold CRM - cleared AMD - sold GLD - hold 2) Puts Hopes: 1) All call runs. Keep an eye on Tesla, SPCE and Plug power. Perfect for day trades Learnings: 1) Timing : Always balance your portfolio. First time all calls positioned no defense or put
MAN, I cant be happier than today honestly. Last week was painstaking, hard to pass every single minute looking back : 4/2/10 : After interview, felt so stupid, gone case already, spend the night with mom watching a dance movie, slept at 4am after another 2 movies. 5/2/10: Friday, kept wandering around, not listening in lecture, was advertising for International Night Sales, but failed to comply and ended up sharing miseries with Damitha, another sleepless night, a record sales again for my fund raising idea 6/2/10: Had to do something, learned guitar, went for my morning jog, was one of my best jog in ages, had fresh fruit yogurt, shower, went to temple with mom, lunch with mom, went for dinner with yheu shen and the other penangites, stayed at Sien with the rest till late ! 7/2/10: Still stressing over BP, went dancing with mum, went to uni for a short while to do work, headed home and read the Kite Runner the whole night. 8/2/10: 9-12pm, starred at my phone, hoping for a call. Jolte...
This week has been a good week up to now: I executed my new strategy: 1) When you see a major spike or dip post earnings AH, go the reverse and sell PH My argument is that it takes an overnight to subdue to shock so you are in to capture to 1-2%. This worked for every stock I've tested it on: 1) Shopify 2) Starbucks 3) Apache 4) Microsoft 5) Netflix - All of which worked excellently. Then I decided to deviate after the strategy failed with AMD. I used the same strategy and it backfired. AMD continued spiking post 10% AH rise. I had to cut loss, so instead of 2% gain that I was going for, I ended up losing 6% the next day. This threw a curveball at me. I decided I will bet on the market on big tech earnings. I decided since Microsoft and Netflix dropped despite amazing earnings, I will use the same logic. Of course, it backfired, I am now staring at a 5-7% loss across Microsoft, Amazon and Facebook. So the ulti...
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