To The Moon

I wrote ✍️ last week on "What are you watching today?"

Today, I am asking the "doing" part. I read sometime ago a famous teaching that struck me, it's something like,"Knowing what's coming isn't enough; it's what you do with that knowledge".

We all know what happened during US last trading session. It's hindsight, no guessing is needed. We also know what comes after closing... Many traders have waited with abated breath for this announce by Donald Trump anyway.

That's the two images I could imagine. Which do you like more?       

I did my usual jog... 5th day into the jog... Going into weekends, so might mix again with swim. Did anything change today? I continue to focus on my breathing, continue my struggles with my aching legs even with a day break yesterday. The sun still shines, the wind is still cool 😎. Pretty much the same. The only difference is probably a beautiful female cyclist smiling and greeting me as our path crossed 🔀      

"Liberation day" comes and goes... The day of reckoning? The days of suffering ahead, maybe 🤔? But the day goes on... Per normal. When we set out to jog. We planned in our mind a route to take, with a destination in mind. There might be occasional detour, but we always focus on getting to the destination. Same SHOULD go for trading or investing. Capital letters because many don't do that!

When I was learning to be a trader, my coach taught me, "have a plan, trade your plan". Plain and simple. When Donald Trump became US President, we all know tariffs are coming. He told us about "liberation day". So did you do anything about it? Remember that praying 🙏🏻 and hoping is not a plan.

What did I do?

Nothing drastic. I started trimming my weak and dangerous positions in all my ASX companies. I also sell most of my weak US holdings. Just before the last US trading day, I close all my leverage positions. Below is the end result of my actions. Yes, I am sadly in a losing position, but it is still a reasonable controlled lost. Let's see what the next days bring         

I also did something unusual. I took a bet on Tesla. Oh yeah! I shorted Tesla using leverage.       

What's the rationale? I know Tesla result is going to be horrible! However I speculate that Tesla's share price will rise. Why? Elon Musk and his army of faithful... But I have a plan. I could do an hour trade and take 10% profit. It's good and safe. @Barcode would approve of it IF I had done that!   

But I didn't   I decided to take a longer short term position, with target cut loss price ready. To take this bet and control risk, I have lower my position size, i.e take a smaller position. The insurance? Donald Trump!       Yup, he's in my trading plan. As I have taken steps to free up cash, I feel that I deserve a punt (punt intended indeed)! From what we have learnt about him from his first term, Donald Trump is an Egoist. He won't back down. Nor would he be bothered with the Americans or the 🌎. I was sure he would come down hard on tariff... It won't hit the news if not done with a flourish! 

So yes, this trade was done not from a technical point of view from a technical background guy. It's just in the name of fun... The life should just go on... I decide to get at least one audience for my rumbling @Barcode  @LMSunshine      

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