Whats The Plan/Trade/Thought I entered this position as I believe that we are currently in a sideways bearish situation. The markets took huge dips since late Nov to Jan and while it has recovered some of that loss. The S&P and especially the NASDAQ show that at least for now, the constant bold bullish days are narrowing Even though I am taking a sideways...
Whats The Plan/Trade/Thought I identified this trade by looking at Finviz Groups and shortlisted the mid volatility Industry players (1 Month bull, 2 - 1 Week bearish). This was because I wanted to be trading in industries with less volatile price movements. Previously for the past 4 months I have been trading in industries at the forefront of any movement....
Whats The Plan/Trade/Thought Bullish Stance XRT are retail discretionary companies and right now there seems to be alot of optimism. Consumers seem to be find paying for the current rising prices of products. I think will continue with the festive period Sep Consumer Spending has lost momentum but still grew at 1.4% Sep Personal income was up 0.9% Current...
Whats The Plan/Trade/Thought Market seems to be ranging with deeper drops. This VXX trade is positioned as a hedge as it takes a bullish market stance. I like this structure of having a broad market hedge and especially a position that expires early in the month. As I would still have a solid feel of the previous month’s sentiment. VXX seems like a good...
On TD the contract price was 0.45 and so I decided to just enter 0.6 and to my surprise the order got filled immediately. I think next time I will start with a high Ask price and slowly bring it closer to the Bid Whats The Plan/Trade/Thought This position is a play on the micro economics and less on the health of the company There will be an interest rate...
Whats The Plan/Trade/Thought AAL was one of the shortlisted companies from the shortlisted sectors that did not recover after the Omicron news and the Feb Interest Rate decisions. Their prices stayed below the Omicron gap. Further more with the increasing infections rates countries are getting more cautious and this will impact the sentiment of travel I Feel...
Whats The Plan/Trade/Thought I entered the trade because the volatility was high and the premium was good. But because of this I did not do the Mindfulness exercise before entering and broke my rule. This being a Call was a more bullish take on a market that at the moment felt like it was bearish ranging. However I entered because the Strike was 60.34% away...
Whats The Plan/Trade/Thought Feels like a safe position given that the market is seeming very bullish at the moment XRT has also broken a key resistance line and that transforms it into a solid support line XRT are retail discretionary companies and right now there seems to be alot of optimism. Consumers seem to be find paying for the current rising prices...
Whats The Plan/Trade/Thought Market Bullish Stance The overall market seems to be back on it's bull run. This is reflected on the SPY and NDX who have both made new highs Sep Consumer Spending has lost momentum but still grew at 1.4% Sep Personal income was up 0.9% These factors, including the upcoming festive year end period. With less COVID19...
Whats The Plan/Trade/Thought US Bancorp is an American bank holding company. With the Fed intending to increasing interest rates to combat the high inflation numbers. I expect banks to see an increase in their earnings from this especially near term where consumer sentiment is still bullish. Already the Nasdaq bank index is up around 32% for the year I...
Whats The Plan/Trade/Thought This trade is slightly risky as it is not an ETF. But it's current price movement mirrors JETS etf and this will allow me to get a decent price based on my outlook on travel as a sector Overall we are seeing Leisure and Hospitality with the largest job gains (Oct data). However in terms of Job postings, while all sectors are...
Whats The Plan/Trade/Thought Market is returning to a Bullish / Ranging state With the Evergrande dip it seems we now have room for another bullish retracement XRT had no major reaction to Evergrade dip and is rising with the market and is now about Evergrande. Pricing at 0.50 seems decent (11% from strike) -80, 60, strike 85 XRT has the best contract...
I just realised I forgot to enter this trade. My thoughts below was written 28 Sep Whats The Plan/Trade/Thought Forced, Because I need to hit the 5% target I don't have much options, this feels risky. I need to spend time coming up with proper ideas. I feel lazy and that I need to be serious since I am doing this full time ATVI looking at it as it is...
VolOp Launch This is the first trade where I adjust my position sizing to account for the rising volatility in a ranging market that seem to have deeper drops whenever there are issues. I call this stance in my plan "VolOp" and while it results in a 1% drop in my monthly target. It should weather my contracts better. This current adjustment is mainly based on...
This is my Track 2 trade that takes up 33% of my fund (excluding margin allowance) This trade currently is aligned to the greater market direction which is bullish/ranging. There also seems to be some positiveness in the reports with inflation cooling and businesses still retaining their workforce despite the Delta virus impact. Have to keep an eye on the market...
This is Track 1, Trade 2 of the September trades. This trade follow the following theme that I have crafted. Industries that performed too well in 2020 (Market wise/product/service) might be unraveling because of their inability to keep up to the new or returning behavior shifts of people getting out of homes and back outdoors. After spiking early in the year...
This is Track 1, Trade 1 of the September trades. This trade generally follows the larger market bullish move as it seems like Retail is taking the Delta virus and inflation news on its stride. There will be price drops if those concerns surface again, but from what I've noticed, its all very short term. We also see retail hiring more aggressively and in the...
This is the first month I'm breaking up my trades into 2 tracks to spread risk and provide myself with more room to navigate depending on the market situation. I'm back bullish in JETS as it seems like the US is taking the virus in it's stride, even with Delta cases rising fast. Any virus precautions and restrictions while limiting are not new to business owners...