Sanrith Descartes
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Investing General Discussion
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Sanrith Descartes
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Sanrith Descartes
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Big Phoenix
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Shonuff
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edit: fixed the issue with my trade on BKNG that was causing overstated profits
I'm done trading for October, it was a great month, it was a horrible month. I'll explain. Attached is the data for my real closed trades (vs paper trades).
The good:
Total profits $6,588 for the month on closed trades (real and paper).
I normalized my real trades (in the first spreadsheet) for 30k, the total return was 8.91%. Most of that came from timing Moderna news correctly, I shorted it when Merck came out with the news that it had a pill that reduced hospitalizations correctly. I just hit the short button and walked away for an hour and made 5%. I knew the market wouldn't take it well. At all, given that it was a high flyer and the news was pretty bad for it. And then there was the travel swing trade on BKNG that I closed that was few weeks old. 70% of the gains for the month were on the 1st day.
Paper trades (2nd sheet), I made 4.12%, half was TSLA. Returns would have been higher on TSLA, but I was shorting it. Some of my days, I lost 50-60% of my gains being short. I was trying to short it at 700, its 1100 right now.
In general, being short handed at work, I've been distracted and had to deal with hiring and interviewing.
The bad:
I never stop out my swing trades. I made a bet that airlines and cruise ships would go up on covid declining. But the market is currently discounting that entirely, and more concerned about surging gas prices. I'm bagholding with real money. I think the travel stocks will come back into favor next month.
On my paper trades, my dumbass shorted FB yesterday before the rebrand meeting. I didn't think the market would care on the rebrand. So now I'm waiting to cover. And the problem here is that I removed the damn stop.
So, if I learned something, I've got to be stopping out, and also, I have to separate myself from Employee problems (or any other) while I'm trading. Also, I really wasn't scanning the news on FB like I should've. Maybe if I'd paid attention to the upcoming news, I wouldn't have shorted it. I just told myself it was going to be abused by the media and it was a POS stock. Strangely enough, in my real account, I'm buying shares. Confused much?
I look back, see my mistakes and see that stops would have saved me from these 70% of my mistakes. Because these are mental errors, not my trading system. There is still a part of me that wants to delete my stops, yell at my PC and shout it to the rooftops that the market got it wrong. The type A guy, that's the guy that is stopping me from being able reach my goals. I just want to sit on a beach somewhere in Florida, and trade for a living. These errors are fixable, if I could stop being retarded.
I'm done trading for October, it was a great month, it was a horrible month. I'll explain. Attached is the data for my real closed trades (vs paper trades).
The good:
Total profits $6,588 for the month on closed trades (real and paper).
I normalized my real trades (in the first spreadsheet) for 30k, the total return was 8.91%. Most of that came from timing Moderna news correctly, I shorted it when Merck came out with the news that it had a pill that reduced hospitalizations correctly. I just hit the short button and walked away for an hour and made 5%. I knew the market wouldn't take it well. At all, given that it was a high flyer and the news was pretty bad for it. And then there was the travel swing trade on BKNG that I closed that was few weeks old. 70% of the gains for the month were on the 1st day.
Paper trades (2nd sheet), I made 4.12%, half was TSLA. Returns would have been higher on TSLA, but I was shorting it. Some of my days, I lost 50-60% of my gains being short. I was trying to short it at 700, its 1100 right now.
In general, being short handed at work, I've been distracted and had to deal with hiring and interviewing.
The bad:
I never stop out my swing trades. I made a bet that airlines and cruise ships would go up on covid declining. But the market is currently discounting that entirely, and more concerned about surging gas prices. I'm bagholding with real money. I think the travel stocks will come back into favor next month.
On my paper trades, my dumbass shorted FB yesterday before the rebrand meeting. I didn't think the market would care on the rebrand. So now I'm waiting to cover. And the problem here is that I removed the damn stop.
So, if I learned something, I've got to be stopping out, and also, I have to separate myself from Employee problems (or any other) while I'm trading. Also, I really wasn't scanning the news on FB like I should've. Maybe if I'd paid attention to the upcoming news, I wouldn't have shorted it. I just told myself it was going to be abused by the media and it was a POS stock. Strangely enough, in my real account, I'm buying shares. Confused much?
I look back, see my mistakes and see that stops would have saved me from these 70% of my mistakes. Because these are mental errors, not my trading system. There is still a part of me that wants to delete my stops, yell at my PC and shout it to the rooftops that the market got it wrong. The type A guy, that's the guy that is stopping me from being able reach my goals. I just want to sit on a beach somewhere in Florida, and trade for a living. These errors are fixable, if I could stop being retarded.
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Kiroy
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Sanrith Descartes
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Sanrith Descartes
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Interdesting
"our stock is down 5% today, what do we do"?
"announce we own an EV company"
"great idea"
"our stock is down 5% today, what do we do"?
"announce we own an EV company"
"great idea"
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Big Phoenix
Pronouns: zie/zhem/zer
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God I miss the old simpsons.
Also someone playing games
and its all gone
I see they got my boy WYNN too;
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Sanrith Descartes
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I bought back in to NVDA on 10/4 at a price off $195 at the support level.
25 days later I am up 30%
Some stocks, you just want to own.
25 days later I am up 30%
Some stocks, you just want to own.
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ABBVIE up nicely today on an earnings beat. Now back up to the early August dip level.
niiiice.jpg
niiiice.jpg
Blazin
Creative Title
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So many winners today, my MRK is up nicely, MTTR rolling, ABBV looking great. I was just thinking about adding to MTTR, should have done more doing and less thinking.
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Sanrith Descartes
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And don't forget the juicy $1.30 dividend it paid out two weeks ago. With that it would effectively be at $116 right now.
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Sanrith Descartes
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Sanrith Descartes
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And because I get heat occasionally for touting MSFT over AAPL here is the one year comparison. In the last 12 months MSFT has returned 2x the return of AAPL. (60% to 30%)
Blazin
Creative Title
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Hey jackass, maybe because I sold it at $260s like a retard!
Thanks for the reminder though.- 3
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Sanrith Descartes
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In that case, dont look at the post above this where I compared AAPL to MSFT.Hey jackass, maybe because I sold it at $260s like a retard!