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【2.3 Review】My trades today are definitely worth sharing. Absolutely! Hahaha! So dramatic! To summarize, I bought back in and went long again $pypl $fisv, but I couldn't close my long position $nvo due to trading restrictions. Meanwhile, I continued to short$smh $arkk. This situation arose before the market opened today… (1)
Before the market opened today, I was short with 50% of my capital. But after seeing the Nikkei hit a new high, I realized there was a problem with my short; then, a major loss occurred before the market opened, which was very significant for me because my position had just been used to buy short-term options, and the position was quite large. Therefore, before the market opened, I decided to reduce my position as soon as the market opened today—because after a significant loss, I should be more conservative (2).
As a result, I reduced my positions, mainly shorting, which caused me to miss some of today's downtrend. Because of losses on my long positions (PYPL, NVO), in order to balance my positions, I ended up losing money on my short positions. The two influenced each other, forming a downward spiral. Hahaha. 😂😂😂
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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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