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[US Stocks, January 28] Today's FOMC meeting, followed by earnings reports from three major companies after the market closes. I believe this could be a decisive factor in the current market trend, and the market should break out in one direction. My current portfolio is 60% cash, 20% long, and 20% short, waiting for the trend to unfold.
Continuing to reduce positions, currently holding 70% cash, half long and half short; and the long positions are all ones I plan to hold for a relatively long period (at least until the earnings report): $nvo $pypl $wu Short are: Silver $slv Financial sector $xlf Airline stocks $ual Currently, all positions except for two bank-related long positions in PYPL and WE are in a floating profit. However, none of this is important. In short, I currently have no clear strategy for my swing trading positions; it's just one word: "Wait."
I closed short yesterday $cvna Perfectly missed today's crash. 😭😭😭 The main reason for closing the position was to reduce my holdings before the FOMC meeting, and secondly, because CVNA volatility is very uncomfortable for options. It was a correct move, although the result was regrettable. That's trading!
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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