I am not convinced to lock my cash on any positions now. I see more downside. And dead cat bounces. What if I miss the boat? Yes, that is perfectly fine. I will pass FOMO. Anyway I am an option writer. I make 90% of money using options. So, I don't care about long term or DCA. I thrive in bull option markets, so yeah, looking forward to it. Typically, 5-10% monthly returns in a bearish market, and 10-20% in bullish. However, I will open positions on $NVIDIA(NVDA)$ $CyberArk(CYBR)$$Tesla Motors(TSLA)$ if they go below 85, 290, 200 respectively.
Made 1000 AUD in 12 hours. Mostly while sleeping. Better than my real job. π€π»π° so, realised almost 10k in 2 weeks. My gut was telling me to put 25k on $SUPER MICRO COMPUTER INC(SMCI)$ yesterday before it going up 25%, but my brain said no. Dammit, could have been easy 3k. Maybe next time.
Santa rally was a bust. I have over 8k unrealised loss on shares I hold on $Direxion Daily TSLA Bull 2X Shares(TSLL)$ $MARA Holdings(MARA)$ $AST SpaceMobile, Inc.(ASTS)$ But I did something right before this bloodbath. I closed all my weekly positions (lucky) and started writing LEAPS puts and some calls. This gave me about 20k premium. And what did I do with this 20k??? I bought more shares at a discount. Holding weekly expiring this week could have been a major mistake. When the prices bounce back, my put LEAPS will be in the green and can be closed early in case.
Closed all my stock positions. Realised 3600 AUD profit just today. Keeping 150k for the next dip. Not buying any positions for now. Almost 200k total transactions in just 5 days.
$PLTR 20250404 80.0 PUT$$Palantir Technologies Inc.(PLTR)$ Just made AUD 1200 in 24 hours. lol. I was ready for this dump. Sold calls at the high point two days back and got protective puts a bit lower for a discounted price. Worked out pretty well.
Okay, I have a gut feeling that the volatility is not yet done. This push will go up a week or so before falling back to the same levels as last week. Probably a bit lower as well. For example,$NVIDIA(NVDA)$ can go up to 110-115 then falling back to 80-90 range again in 2-3 weeks. Have a plan, folks.
$Direxion Daily TSLA Bull 2X Shares(TSLL)$ is in free fall. I would say a probable bottom is 19-20 range. This is a quite volatile stock as it is linked to $Tesla Motors(TSLA)$ Tesla has a great potential with robo taxi and optimus robot. Also, great dangers such as Elon's political haters and enemies, Elon's DOGE role being a distraction, and a possible fallout of the relationship with DJT. The current bearish market is not helping either. This makes this a high risk - high reward stock. I have a few hundreds of TSLL and it seems a long position at the moment. I have a hedge in place with a LEAP short CALL to cover 25% down turn. But this may slip below the break-even. Hopef