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[US Stocks, January 30] I'm a swing trader, so I need to observe the trend of a wave. Yesterday (Thursday), I believed a new downward trend had emerged in US stocks. Therefore, I will gradually short short positions today and early next week. Also, gold and silver plummeted today. Since the end of October, I've repeatedly short gold and silver multiple times, consistently losing money, but I estimate today I can recover all losses in one go, and even make a profit. That's trading.
Stop-loss on short| _2024111120230_ | This was the stupidest trade I've made recently; I got fleeced by a shady stock manipulator. This trade was a huge loss; I'm furious. It's so damn unfair. I'll never touch manipulated stocks again. 😡😡😡
Friday's options trading was really unpleasant, so I didn't trade. I plan to start building positions next week... Currently, I short 20% short positions on these three instruments: $spy $slv $arkk; 20% long on these four instruments: $nvo $pypl $wu $fisv; and 60% cash.
I've closed all my short positions in silver. Now I'll reassess next week whether to short gold and silver again. This is mainly because I trade options, and the futures market can change drastically over the weekend.
I've short position $smh, which is also part of my base position. Currently, I'm holding a 25% long(haha, I've increased my position in $pypl. Pypl's stock price has plummeted this past month, making it seem like the company is about to go bankrupt. I think next week's earnings report might reverse the downward trend), a 20% short, and 55% cash.
Here's a breakdown of my current holdings: the left chart shows me short, and the right chart shows me long.



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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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