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Next Week Trading (May 26th):

 
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PostPosted: Fri May 26, 2023 2:54 pm    Post subject: Next Week Trading (May 26th): Reply with quote

Next Week Trading (May 26th):

The rally triggered my portfolio stop loss, although I was hoping for more volatility to bail out with smaller losses. QQQ exceeded my 330 target made about a month ago and closed above 348 (above 349 in after-hours). My two prior portfolios failed being trapped in puts. I plan to stay out of the market for a while and wait for better opportunities. My portfolio suffered about a 15% loss in past two weeks, after making consistent gains with small setbacks for over a year. What worked before, didn't work this time. I still like BABA shares and QQQ and MSFT Oct or later puts, although the puts can become even cheaper short term.

My portfolio is about $2,455,000 including $2,454,200 in cash.

Calls Contracts-Shares Long

None

Puts Contracts-Shares Short

None

Portfolio at $100,000 on March 1st, 2018. Portfolio stop loss suspended. Scaled up and adjusted portfolio. Both prior portfolios, since early 2000s, rose initially and substantially, and then failed quickly in “irrational” market “melt-ups," where stocks can go straight up month after month.
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