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August P/L Challenge: Have you been active in trading this month?
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Aaron Invests (AI) joined discussion · Aug 31, 2024 08:49

Fighting a good Fight! 🪖

Hey Mooers!
July was worse but August could be better. September maybe the day I could get a better breakthrough.
Since this is an August P/L challenge and is my weekly review, let's kill 2 birds with one stone.
Hope the rest have a better months ahead.
In my previous vote, here are the results. In my last episode, Technical Vs Fundamentals analysis. Polls said, why not both?
Fighting a good Fight! 🪖
It looks like 68% including myself decided to go for both Technical and Fundamental Analysis.
Personally I find this tricky . Here are several reasons why I find it tricky.
1. Fundamentals May Fool you
On one hand you have the fundamentals backing behind you thinking the price may go higher, instead of going higher, it dropped . That is because you have an anchoring bias. ⚓ You DCA thinking it will go back up to a certain price but it won't. Despite so many indicators are showing bearish you decided to hold and buy more. A good example of this of anchoring bias found in $Celsius Holdings (CELH.US)$
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After a long hard decision, I had decided to sell.
2. Technicals Trap
On the other hand tehncials may fool you as well. You have so much confident in selling the stock here thinking it will go lower, instead it goes higher. That is because sometimes in a voilatile market, Technicals need to be adjusted if you wish to make a trade according to different situation. Case study in $Tesla (TSLA.US)$. If I were to held on instead of selling, I'd probably could go higher earnings. At that point of time, I only learnt how to use Candlestick indicator which is a noisy and sensitive indicator. . If I were to use the Haiken Ashi (HA) indicator, it will soften the blow of the noise and probably diamonhand to make huge earnings! 🚀 🚀 🚀
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See those trade marking? Too much of a trader and not looking too much on fundamentals.
So how to balance it out?
Are both of them a flop?
There is one way to mitigate this, all you have to do is that since you like both Fundamentals and Technicals, you have to think like an institution.
Here is a secret how institution trade.
Since most of the institutions are holding large sum of money and the market maker, they know they need  to cash out once in a while, so what they do is that they would Sell among themselves first to push the price down. I know crazy right? once they sell down,they would buyback and reap all the stop losses we retailer make .
Strategy here is that i learnt from institutions are that when your gut feel said sell because Tesla is going down, don't sell. Sometimes this are the psychological pricing that institutions want you to sell. at one point, I saw the price was down to 203 when I bought tesla at 207. I Said wait a minute, aren't they trying to ask me to sell at this price? thinking back did not sell diamond hand instead and it lift off to 214. Then again this is another psychological level market maker institution wants to buy more at 206 and 207. Sell down again. Another psycho logic to make me sell again.
All this happened in a week....
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TLDR: All I can say to balance yourself. Think like an institution.
Final tips:
1. Keep some dry powder and start placing orders where you think institution will see retails make stop loss. 🛑
2. Avoid anchoring bias, when you need to cut loss make it a cut loss when the fundamentals have changed. 7~8% loss rule📐.
3. If you are a new trader, best start from bigger companies above 50. Or large cap to mega cap company as small to medium may have a higher risk of trade. 🏢
4. If you are a new investor. Try learning PEG, Discounted cashflow and go for more certain companies you know is worth investing. 📙
5. If you are a balance between trade and invest. Keep in mind what was your cash you entered in the first place.
My Portfolio reveal!
Alright folks the moment of truth portfolio reveal how to I fair. 🥁
Getting better but not there yet
Fighting a good Fight! 🪖
Recovering after the last mistake made from $GraniteShares 2x Long NVDA Daily ETF (NVDL.US)$ and $Celsius Holdings (CELH.US)$ not giving up
Fighting a good Fight! 🪖
From July to August thinking it will recover at the beginning of the week boy I was wrong.
Week 2 and week 3 decided to change game plan. Focus on MAG7 and spot more trade opportunities. Buy keep and diamond hands.
Added my old strategy back if I made any profits from trade is going to be added into REITs and high dividend based company such as $Brookfield Real Assets Income Fund Inc. (RA.US)$ and $Verizon (VZ.US)$ and do a little gamble. Guess who??
Fighting a good Fight! 🪖
Fighting a good Fight! 🪖
I would like to thank this account for supporting me in my journey. Hope we will make it better in the coming months. 🎉🎉🎉
I am starting to hear a tune of "wake me up when September Ends"
Wishing Everyone in Malaysia Hari Merdeka! 🇲🇾 And may we strive in the month of September. See ya!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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Aaron Invests (AI)
✅ Strategic stock trader & investor ✅Data-driven decision maker |✅ Market analyst |✅ Growth-focused wealth builder
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