June 5 Day of Defeat PnL
Despite an absolutely horrendous loss from Snowflake during market open, I managed to (fortunately) recover my losses, and proceed to make a little profit.
It was a crazy day, with 70 trades and tons of analysis and judgement going on. Total securities turnover was more than $1M USD as I was getting desperate to recover my losses in a Jaded June, where almost every day I had seen some form of significant loss.
It was a crazy day, with 70 trades and tons of analysis and judgement going on. Total securities turnover was more than $1M USD as I was getting desperate to recover my losses in a Jaded June, where almost every day I had seen some form of significant loss.
Among the stocks I participated include:
- SNOW: recovered more than half via intense trading which I term Extend Runway and Concurrent Sidestep. This was done alongside trading other stocks. My methods proved effective as I compared them against holding on.
- NVDA: Saving grace of a more predictable stock. Profits about 250 USD.
- MSTR: Largely reminescent of Bitcoin, I usually check COIN and BTC to judge if I should buy this. This is a way better gamble than SMCI. Profit of ~44 USD.
- AMD: NVDA's lil bro. Nuff' said. Profit of ~78 USD.
- CRWD: Just had earnings report earlier on, largely predictable spike in price. Released funds early for a small profit as I found faster gain vehicles elsewhere.
- GOOGL: One of my favourites due to stability and predictability, as well as opportunity. Small profit of about 90 USD.
- SNOW: recovered more than half via intense trading which I term Extend Runway and Concurrent Sidestep. This was done alongside trading other stocks. My methods proved effective as I compared them against holding on.
- NVDA: Saving grace of a more predictable stock. Profits about 250 USD.
- MSTR: Largely reminescent of Bitcoin, I usually check COIN and BTC to judge if I should buy this. This is a way better gamble than SMCI. Profit of ~44 USD.
- AMD: NVDA's lil bro. Nuff' said. Profit of ~78 USD.
- CRWD: Just had earnings report earlier on, largely predictable spike in price. Released funds early for a small profit as I found faster gain vehicles elsewhere.
- GOOGL: One of my favourites due to stability and predictability, as well as opportunity. Small profit of about 90 USD.
While it was a somewhat exciting day, I do hope that the rest of June will not give me unwanted painful surprises again. Today's minor profit will go towards my contribution fuel to power me through #collegeLife T_T Nonetheless, the mantra of "Fail fast, move quickly"speaks true as moving ahead of my losses was the right thing to do, in order to pick up the available opportunities.
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High risk & leverage trading focus on Tech/AI & Crypto. Ex-Software Engineer.
Using my profits to fund my CS Master's.
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10baggerbamm : just imagine if you would have bought Nvidia and held it and not subjected yourself to all the emotional strain and stress of trying to figure out where the entry point is where the exit point is how much of a loss you need to take.... it's fun to trade it is a drug it's great to be right sometimes even making $2000- $3,000 on a short-term day trade feels better than making 200k (yesterday ) in a larger position that just goes higher in your portfolio like Nvidia for example. I sincerely hope that you do take into consideration what I'm about to say. pick core stocks core companies that you want to own for an extended period of time frame trade secondary positions around them. if the trade works against you so what you're perfectly fine holding that company until it cycles back up that's number one number two when you trade around your core position leave all your profits in that core position so that it just gets larger.
Novice Trades OP 10baggerbamm : fair strategy