Stock 1
That is quite an easy stock to bet on these days. I just let it run and the price is going up easily. My strategy is very successful here. I am thinking of when to take a profit but I am not letting this one go, yet. As I wrote before, profit taking might take place at a price around 2,52 $, which is a 100% plus on the single stock and a 500% plus on the leverage. The only thought I have now is, that it is not finished by that price and it will go even higher like 3 or 4 $. Also, I decided to reveal the name of my stocks, this one is Pilbara Minerals.
Stock 2
What happened here is not what I expected. The stock is so overwhelmingly overbought and the price is even going higher. That is such a shit show, I would want to really bet much more now. But it would be against my challenge to load more money into the account. The paper loss looks quite high now compared to the betting amount, but I will hold this now as it is quite clear (for me 😉 ) that this market idiocy is going to end soon. This absolutely insane stock is Palantir traded on the Nasdaq and the only thing I can do is wait.
Stock 3
On Wednesday I read on Reuters that Tesla is having a hard time and the report might be a big shit. A quick look at those numbers revealed that the stock is really overvalued and led me to the choice to make a quick short bet. The report came out after normal trading hours, but that did not prevent the stock from falling after hours. I have bought the short option before the event here, which was actually a little gamble and is not recommended normally. But that was very successful, as I personally thought about a too high evaluation for a longer time anyway. It was a good opportunity to check if I was right, and I am. Also I decided to leave the bet open as I think that it is going down further. The companies success is not worth the 300$ per stock, it might be more like a 100$.
Numbers
So here are the numbers of week 03. I have typed in some limits where I think those prices will go, but still no stops.
The profit is now at 63%. But this is the profit before TAX and before Fees. I guess after those deductions it might be around 44%. Let’s see what the next week will bring.