Saturday, 29 July 2023

3days rule

 Stoks

  • Legend says there's this 3 day rule after earnings where the stock will continue to go up/down depending on the results.
  • For TSLA's case after its results on wed, the 'correction' continued on Mon with prices reaching as low as 254.12.
  • Surprisingly, buyers came in and ended the day at 269 which was unexpected as majority were saying back to 240s.
  • Share price was relatively flat, Fed increased another 0.25% and at this point the market doesn't seem to care anymore which is good for investors.
  • Thurs had a large sell off probably due to the fed rate increase which seems the lag-effect after every fed decision.
  • However, on the last day of trading, everything went back to normal although TA traders saw a bearish engulfing candle and market closed higher for the week.
  • DCA-ed a little more on SG stocks for the dividend play, joined this tele group where I leech off many OG div investors.
  • Bought 20 more TSLA on thur morning but didn't manage to take advantage when it went back to 255, damn.
  • Current IV is getting lower each week, will be forced to sell csp at prices which I may not want to own at.
  • Still left with more than 60% cash on hand and tbh market very excited now, not feeling the mood to buy.
  • Good week for SG banks, will rebuy once ex div date is announced and TSLA closed at 266.44.

Recovered some UR gains, RG of 1573.78 USD








UR gains increased by ~4.1K














Put 150K USD in 5% TV while selling monthly puts for that locked amt











Life
  • Burden Wang has inflammatory bile according to vet, will have to change diet to the expensive kibble. No more cooked food and old kibble.
  • Contemplating to get a car but at 1.66K per month averaged out or unless an OPC or a see luck COE car?
  • Watched MI7 with TBL, Tom cruise really no horse run. Part 2 will release in one year's time, looking forward to it...pkl

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