Stock market dealing

[Arbu]

Thanks for that. I'm using SB at IG. The spreads seemed reasonable from what I recalled on Friday.

I suppose I did mess it up with Supermicro. For my first trade (last in the list), I thought that it would hit 400 and then maybe find resistance there. So I bought it with a stop in place, and the stop got hit. Then I thought that this showed that it was reaching the top, so my next two trades were shorts. The move on Supermicro seemed so extraordinary that I thought it would have to reverse to some extent. But it never did.

I wasn't aware of this concept of having to pay to be able to short. I'll look into it, but it would seem premature to pay now.

I have yet to find that technical trading works for me. The only thing that has worked has been reading the news and getting positioned for big events that I think may happen, and where there seems to be little downside if they don't.

Closed out my Fujitsu trade overnight. +£102.80

 

[Arbu]

I made a resolution today to have more faith in my trades, as you suggested, thanks. Here are the results:

• 22/01/2024 19:17
  Tesla Motors Inc (All Sessions)
  +0.50
  21482
  20661
  -£410.50
• 22/01/2024 19:17
  Spirit Airlines Inc
  +10
  794.2
  772.8
  -£214.00
• 22/01/2024 18:00
  Affirm Holdings Inc
  +5
  4618
  4485.57
  -£662.15
• 22/01/2024 17:36
  Walt Disney Co (All Sessions)
  +1
  9405
  9452
  £47.00
• 22/01/2024 15:50
  Tesla Motors Inc (All Sessions)
  +0.50
  20917
  20938
  £10.50
• 22/01/2024 15:42
  Affirm Holdings Inc
  +3
  4684
  4569.86
  -£342.42
• 22/01/2024 15:32
  PayPal Holdings Inc (All Sessions)
  +0.75
  6696
  6559.12
  -£102.66
• 22/01/2024 15:18
  Affirm Holdings Inc
  +2
  4684
  4710
  £52.00
• 22/01/2024 14:59
  Tesla Motors Inc (All Sessions)
  +0.30
  21264
  21653
  £116.70
• 22/01/2024 14:55
  PayPal Holdings Inc (All Sessions)
  +0.25
  6696
  6734
  £9.50
• 22/01/2024 14:51
  Tesla Motors Inc (All Sessions)
  +0.20
  21264
  21462
  £39.60
• Total
  -£1,456.43

 

[Justin Passing]

Ouch, some deep cuts there.
Well done on the fujitsu over night though! DId you set a trailing stop or let it run? Those wicks are a pain. Or do you have ATR trailing stops?

Have you signed up for the stuff from TTV? Today there was the emailed preamble to the day, Neal's own notes and Shawn's "Sticky Note".
His note wasn't quite right in several aspects so it was a matter of using some of it (Disney worked OK) and looking at a couple of others. Affirm, Nvidia, Spirit and Coin were trending for a while so I used those. It wasn't a "nice" day for trading because it kept changing. I don't much like scalping all day.

Phunware and DWAC are trump related somehow, which is a stupid reason but the stocks don't stop.

On the day on TTV they sometimes have to "pay for locates" in order to Short things. It's usually a tiny amount. They advertise IG but I don't know if they use it.

Yes, ain't it hard holding your nerve. It's usually better to close and reopen, but in practice it's almost impossible to get back in at the right point, I find.
I have sometimes opened an opposite trade for the duration of the pullback, which sounds bonkers but is a little bit easier to time. If you go larger for the pullback, and the pullback turns out to be a change of direction, you're up.


I can't follow your Affirm trade. You held LONG for a long time, wow. That's the height of the purplish box here. I was keen to short it, because Affirm is too high. I was short for some of its drops including top left to bottom right of the green box, which is about 5%.

Changing the subject a bit, I have a tiny pension in H & L, so it may as well be doing something. They have a nice charting tool which puts several plots on one.
Here's the last month. Red is an Indian fund which I have, doing well at about 8% in a month.
Brown is the S&P 500.
But what's the green?

 

[Arbu]

I woke up in the middle of the night and decided to close out Fujitsu. I wanted to do it before the BoJ rate decision today.

The direction of the market did change during the day. It was up a the start and then spend much of the rest of the day coming down. How can you predict that? You can't.

Affirm was a lot higher a year or so ago, and it jumped on the open, so it seemed that it wanted to go up. That's why I bought it on the dips. Why do you think it's too high?

 

[Arbu]

+£880 today, better. I paid more attention to the levels, seemed to help.

 

[Justin Passing]

Well done.

The direction tends to change at 11:30 EST 4:30 here, if it's going to
$Affirm got a big boost when they got a tie-up with $Walmart. The reactions was overdone though ( up a lot, 3 - 4 days running by 10%+ ) , so it's been a candidate for shorting.
The TTV Sticky Note was a bit off today. though $Rumble did well which I'd not have seen, probably. Its total rise was 70%. That was beaten by a long, stop, short, stop, long strategy, but it's always less than looks right in hindsight.

I took a 12k hit on a silliness at one point on $DWAC, which made me "quite cross". Hey ho.

The blue line in that HL graph above is $3NVIDIA. I didn't realise it was on the HL platform. I'll wait for an entry then try it. It's not risky to do that with a pension, is it??

Where will that stock go?? In the past year, 2000%. Bewildering, Everyone who could have got £50k together to put in it would have been a millionaire in a year. It doesn't appear to be slowing down. The P/E ratio for NVIDIA is actually nowhere near as poor as many of the other top names.

Are you watching TTV? SC can be annoying. He'll "give out a trade" - when it's mostly over, and say how great he is. Still, it's free.

 

[Arbu]

Well done.

The direction tends to change at 11:30 EST if it's going to
Affirm got a big boost when they got a tie-up with Walmart. The reactions was overdone though ( up a lot, 3 - 4 days running) , so it's been a candidate for shorting.
The Sticky Note was a bit off today. though Rumble did well which I'd not have seen, probably. Its total rise was 70%.

I took a 12k hit on a silliness at one point on DWAC, which made me "quite cross". Hey ho.

The blue line in that HL graph abobe is 3NVIDIA. I didn't realise it was on their platform. I'll wait for an entry then try it. Not risky to do that with a pension, is it??

No, if your pension runs out you get pension credit, so not much risk.

 

[Justin Passing]

No, if your pension runs out you get pension credit, so not much risk.

Oh good, that's all ok then . There's always food banks too.


Looking at your biggest loss above, on Affirm:

Looks like you were "in" for all of the greeny line. I wasn't in at all there, but I'd like to think I'd have been "out" around where the red triangle is, profit or not.

Neal on TTV says you never go bust by taking profits - tis true.
There's also Charlie Munger/Warren Buffet's two key rules:

Rule 1) Never make a loss
Rule 2) Never break rule 1).

20/20 hindsight of course.

 

[Justin Passing]

I assume you're in SMCI - up several % now.

 

[Arbu]

I assume you're in SMCI - up several % now.

No, would have shorted it if I'd done anything. Just four trades today - Tesla, Plug, Disney and Meta. +£554

 

[Justin Passing]

Well done. Fewer of the losers I hope!

Took AMD off the jump then nat gas. 7% movement x 10 = 70%
I put "held" funds into AMD3 and NVD3 a couple of days ago. They're both up 30% since. I came out today for the results days..
This is going to fall in a heap sometime.

 

[Arbu]

All four trades won.

 

[Justin Passing]

I was watching TTV and looking around the stocks then found HUT 8 again just as it was moving. It moved about 22%, which is nice because at 5:1 you get to double your money.
And the account I dump the money in passes a number.

 

[Arbu]

Good for you. I saw a lot of opportunities today and took ten trades. Bad trades on netflix, paypal and tesla though. -£814.10

 

[Odds]

Among the top-performing cybersecurity stocks in 2023, PANW stock climbed 111%. CRWD stock advanced 142%. Zscaler stock popped 98%. Cloudflare (NET) jumped 84%. The cybersecurity stocks have thrived despite growing competition from cloud computing giant Microsoft (MSFT). Microsoft aims to integrate artificial intelligence tools into its security platform. Called Microsoft Security Copilot, the platform uses a new AI assistant.

The recent hacks on casino operators MGM Resorts (MGM) and Caesars Entertainment (CZR) underlined worries that generative AI will increase ransomware attacks.

Meanwhile, research firm Gartner has updated its forecast for corporate spending on cybersecurity. The research firm sees a 14% rise in 2024 to $215 billion. That's up from its earlier forecast for 11% growth. And, that's better than most information-technology spending categories. In 2024, spending on cloud security products and services will jump nearly 25% to $7 billion, Gartner predicts.

Investors.com