Stocks

• TSLA has been on a roll together w major indices, has the bottom been reached? From what I see, most people aren't believing it and most likely more room to fall. Cannot be 1% interest rate and inflation magically goes away? Anyways moi sold all my 680 shares at 716 only to give profits back cause this idiot kept selling calls on the way up when market was pumping. 30k went back to 3k

• Closed all positions before selling puts on TSLA again, fml my mind is so prata-liked. Fomo is definitely kicking in when I bought a little at highs again. 

• Tried trading but not knowing how to read charts is 100% gambling and can cfm chop you will get burned big. Depending on someone is one of the worst ways to grow your money. Look what happened.

• Shall see how things go again if I do decide to go on the trading path, stay w TSLA and do nothing or purely div plays using sg stocks.

Life

• Work is work, boring but necessary to kill some time. Borrowed some books to psycho myself to upgrade my general knowledge during this period. May is coming to an end and QT will start next week, fingers crossed market tanks and I can get more shares at 600s or I'll just regret max
• Luna 2.0 was launched today and luckily for me, managed to recoup ~12-13% of capital. Could have been more if I took note of the time and deposited into BT. Shall leave in HN and pray it doesn't go bust
• Next post will be the day of QT and a start of a new month, PKL..

Fake or fake pump

Stocks

• What a week since last fri when TSLA fell to 633 and then rebounded back to 660s but the price actually tested 620s in this week and now look where are we at now. Definitely a relief rally after such major oversold days. RSI is back to 33 as of today and question is who bought?
• Sold some calls exp end of month since I'm pretty sure the green days won't last and we will see lower lows soon. *some are naked calls, pls do not pump so much

• 6 more days to go for May, can't wait for it to be over. Nothing much to see in the market except for constant FUD on TSLA/EM as usual. This is the price for trying to be the 'good' guy
• Till then, PKL

 Stocks

• Tough week since the end of luna 1.5weeks ago, actually devised a strategy to make use of funds to wheel TSLA but ended up taking losses cause EM got whacked hard for saying the right stuff
• Already deployed ~60% of entire portfolio on TSLA because moi didnt wanted to get assigned but I fomo-ed in too early and got shares at 680 instead of possibly 640. Never expected to catch the bottom but tbh, the massive dump in the first 2 hrs was fking scary

• Have decided again not to sell puts at if necessary, prices preferred to be bought only, fk the premiums man. The process of seeing dumping on shares is really stressful. Hopefully things will stabilize from here but im definitely sure that it wont be this way and prices will most likely to dump, how low no one knows. Sold calls to generate extra income till personal trading skills get better, fingers crossed if not just wheel SPY

• Currently am second doubting myself on whether was I lucky to pick the right stock or just another hyped up stock even though I agree theres a lot of biasness surrounding TSLA itself and looking at the bears view really affects me in some way. If things dont work out, what skills do I have to sell myself if 100% guaranteed gonna be fked for life
• Assuming I diversify to SPY/NVDA/TSLA, feels like the best choice at the moment but time will tell and I sincerely hope to sleep well at night

Life 

• Officially got C+ since 14/5 and the feeling during the entire week was horrible with never ending phlegm, coughs and runny noses. Its been 1 week and things fortunately became better but somehow I think got TBL infected and now shes the one coughing non-stop. Hoping for a fast recovery for her
• Next week will be MW first birthday and officially 2years of KKW going mia, sometimes do really feel that what is my purpose of trying to get money fast n that never ending greed? Seriously doubting myself on achieving that 8fig in my lifetime given the situations of things right now, will be glad if everything resumes back to normal and pls let Joe Biden be ousted
• Will remove the words investing/retirement out of my dictionary from now onwards and no such things as risk free assets. Let people do what they want and as long it brings them a good life, so be it. Btw I cancelled my ILP because fts and with that pkl till next time
• ~500k to be withdrawn over time and with that pkl...

0xWangMario27/5/21

Greed vs Fear

 Luna/Ust depeg and death spiral

• Top 10 coin lost 40b over few days together w many investors losing massive amount
• Moi entire pf was almost 500k at ath but yeah.. greed ended up 140k down
• Rethinking how sustainable is crypto in the long run after such massive saga
• Based on what has been said so far, will BTC just be the one and only crypto?
• Crypto holdings will just be BTC/ETH if I decide to go back in

Stocks

• Sold most TSLA stock after evaluating diversification, foresee bad markets in the near term but could be wrong based on timing the markets

• Will include SPY for diversification, lesser returns doesn't matter since main purpose now is to take time off investing
• Doing ATM wheel strategy on SPY and TSLA, trades will be posted here
• Idea is monthly ATM puts w premiums will give some discounts on assigned stocks and I will sell asap once assigned assuming within profits and repeat
• Suitable for stocks if growth pa is less than 20% if not holding the stock will do better

World's current macro

• Ongoing war between Russia n Ukraine, until this war ends, prices of commodities will continue to rocket in additional to already high inflation caused by m2 supply over past 2 years
• Almost 30% of money supply in US was printed over past 2 years since 1960s and together with increasing demand and supply/logistics constrains from China
• Something has to be done to curb demand and by what means? 
• Increasing rates over time to 2.5%- 3% by 2023 but that would mean losing the OC of using the money to build/improve the country
• Tough situation for the US govt at this moment and question is will JP allow US to go into a recession. Best thing to do now is to keep cash on hand