Wow wow wow!!! “Ka-ching at the cash register” !!!
Stock 1: PLS.ASX
This is the big shit man. The price took a rocket under the butt and went to $3.82. I thought to myself that now is the right time to sell, because there is a risk of a sell-off due to bad economic data, lower commodity prices or other market stupidity. Also, the RSI indicator reached 70 on a monthly basis. Altogether I closed the trade at $3.78.
After only 19 weeks the taken profit for this trade is a nice +1.000% !!!
(Buy at $1.26, Sell at $3.78 = +200% with 5 times leverage)
That is how to “retail trade”.
Stock 2: PLTR
I am in and out on this meme stock permanently. The profits are not as big as with the long-run of the first stock, but here and there I am fighting back against my loss in week 10. The long-term strategy is to short it down to fundamental value. That is like $10-$20 and after it reached the $220 price level, some market participants have got their brain back. But only some.
Stock 3: TSLA
Yeah so the price fell as expected. I took some more small trades in and out and cashed in some profits. The fundamentals got even worse as there was a news that the companies car-sales fell in China by 33%. That means the company is not in a good situation now and the market is reacting. Same as last week, I will stay short as this is just a big scam. Scammer Elon will not earn a trillion Dollars with this status of the company. What I guess that he wanted to achieve is the contract for his last pay package of a billion dollars or so. (“To press out the last cash of a failing strategy”). And then, I predict, he is out or some other major change is happening to the company, while the stock price is going to hell. I am betting on it.
Commodity 1: GOLD
A good week for my good smell of small tops. I tried to double the bet, but then I decided to get out at $4167 and made a profit of around $800. Now I am waiting for the price to fall further. As it can be seen in the chart, the price is at the average Bollinger Band with a trend downwards. As the economy is going to hell right now, the large trend is still up. So I will wait. It might go back under $4000 again. And then I guess, I can make a bet again.
Stock 4: SNDK
This stock is a wild one. Too wild for me… One really needs to concentrate on the swings here. There is still big opportunity, but also very big risk. I didn’t bet any more. Not sure, if I will, as I am not a full-time trader. I do this as a hobby…
Numbers
So here are the numbers of week 19. Only one bet is open now, which I “averaged up”.
The profit is at around 224% now (€6335 – €1950 / €1950).
Why is the capital only standing at €6335?
Simple answer: Tax. I have to pay 26% of the profit of any trade. That is directly gone from the account.