I made 52 basis points day trading yesterday using 30% of my capital. That's a KILLER day! In all reality, I should have made more because I should have used more capital on the PCG trade. When a company you know well shows a trading signal that fits your criteria - and you know why it's up - that's a great time to make a huge bet.
On Tuesday, I made 1 basis point and on Monday, I made 8-9 basis points. So I'm up about 60+ basis points on the week by recycling my money, trading just 20%, and being only just 20% gross invested. The market can go up or down overnight, and I won't be hurt. It's almost a cheat code.
It looks like I could have held my NTES puts and made more money, but that's ok. I closed them yesterday with the stock lookin weak and the cushion between my strike and the spot price not large enough. SONO had a blowout quarter and shares are flying - so that put trade will be closed and highly profitable this morning.
I've got just 20% of capital to trade again today, so will do my best to make it another good day.
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1) Pretty amazing chart. What happened to the bottom of the real estate market?
2) J. Powell has won the race to hold the most Treasuries..
3) Biggest bubble ever..
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