Sunday, 25 September 2022

Same shit again but worse?

 Stocks

  • Just as previous fomc rate hike, stocks shot up as Jpow was talking and then trended down bad towards end of week.
  • Current SPY is moving towards June's low followed by QQQ and TSLA which is holding above support at 275.



SPY






QQQ







TSLA







  • Who thought TSLA would go under 300 after strong movements over past 2 weeks but if it were to break 275 closing downwards, we are likely to see 250s and that's where my options play for next week will be at.
  • Sometimes I need to question myself for chasing that few more Ks for that unnecessary risk, should I have just waited for end of week with my calls....










  • Fingers crossed for TSLA to do a rebound or not to close under 255 next week or moi will be in trouble.
  • Tiger Brokers P/L statement now fluctuates at end of day movement due to accounting for unrealized losses, why would they do that? Have not noticed whether withdrawal affects as well...
  • Sucks to see under 300 now...




Life
  • Economy seems to be going really bad with USD reaching highest vs SGD since 2007, seriously doubt my ability to get a car by then not mentioning other wants.
  • Friend mentioned before really needs to reflect well on his actions, 8 years of work and still in bad debt..
  • Want to help but can't seem to do it, gamblers don't deserve pity at all...PKL





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