This is why it’s called a challenge. I got it wrong. Or right? Bought at the wrong price. A total disaster.
Commodity 2: Oil
This week almost hit me out of the markets in total. As the last weekend was over it was obvious that this Iran war thing was not going to end. Doopey Donald was playing it like it’s over and manipulating the markets. What I did was I bought directly on open on Monday at 97$ with the expectation it will develop higher prices throughout the week. I even bought more once higher prices didn’t come. That killed me with 4 lots, half of my bet and cost me around 4500€. Dang. I am still in the market but very much underwater. High rewards require high risk. Today it looks like prices are going back up again, because Iran is not playing along, so I will stay with the bet (to get where I was before). Annoying, but that is trading. Let’s see where prices are going. I guess 100$+ will be the new normal until the next TACO Trump manipulators day.
Stock 4: SDSK
Last week I was writing about how good this short bet must be and it was also a disaster. I lost around 1000€ here once I closed the bet, when the price went up to 930$. It can still go higher, but I am out and might not get in soon again. I am fed up with this one.
Stock 5: NVDA
I left the bet with around 100€ plus. Not to mention the stock price rallied again to over 200$.
Numbers
So here are the numbers of week 41.
The profit is back at 115% now (€4206 – €1950 / €1950). This is the biggest paper loss within the challenge so far. And I am still thinking I got it right, just the markets are manipulated too much. Ufff. I should bet on the manipulation. That works for ELON and DONALD.