Friday, 29 March 2024

Short week of trading

 Stoks

  • Closed at 175.05 after hours from last week of 170.80
  • Share price went to highs of 184.25 as EM decided to give 1 month of FSD trial to new buyers.
  • Markets liked the news but wasn't strong enough to hold the 180 resistance.
  • Deliveries will come out over the weekend but nothing much to expect given last few Qs.
  • Main thing is to look at earnings in 3 weeks time, if there are big green days, can try some puts.
  • Took some losses on NVDA options and went fully on QQQ puts.
  • DXY was favorable as well so changed some USD back to SGD to lock in 1.3468.
  • Effectively changing from 1.341 to 1.334 to 1.3468, getting some HK itchy finger losses back.
  • SG banks almost had a fantastic week with DBS almost reaching back ath but closed at 36.03.
  • Looked like some profit taking happened on the last day of the short week.
  • Will dca bank once ex dividend next Thur, hope to see some more discounts prior to then.
  • So far earning some peanuts on my 100 shares of QQQ, 85.88 for this week not too bad.

US P/L 271015.96

SG P/L 33029.89

Down-ed ~1.8K ftw





1.3448
87878.32 SGD (57.51)
569500.67 USD (500.67)








May buy D05 after ex div





Life
  • Decided to offload some of my watches, BB58 down for 180.
  • 3 more to go if the prices are right.
  • Weather is horrible, average 32C everyday. No signs of rain omg...pkl

Friday, 22 March 2024

Fed still wants to cut

 Stoks

  • Closed at 170.80 after hours from last week of 164.01, not bad considering that they announced production cuts due to demand.
  • Managed to recover by end of the day for the lucky bulls.
  • Fed didn't cut as expected in the latest meeting but still on track to at least 2 cuts from projected 6.
  • First cut to supposedly happen on June but is there really a point to cut now given the optimism in the markets?
  • NVDA had a conference on Mon and stock fell to 850 but still managed to close at almost $100 higher for the week.
  • Sold HESAY and basically left w 100 shares of  QQQ to wheel, current 78% in cash to wheel while earning in MMFs.
  • USD is on a uptrend, which is surprising considering the fact that it is moving up w stocks.
  • Decent week in premiums but compared to just leaving portfolio as it was few weeks ago, def higher, oh well
  • Seeing prices getting higher and higher, went for longer exp CSP instead of dailys.
  • Aiming for at least a 5K in monthly premiums for a 630K USD base, which comes out to 9% pa ish if MMF rates stay constant. 
  • Will let banks run on their own, unless PB falls to desired levels. 
  • Fomo-ed in to crypto, used IR for now, probably transferring to Trust every 1K. 


US P/L 271548.62

SG P/L 32939.89

Up-ed ~7.2K ftw




1.3446
Subscribed into USD MMF
87820.81 SGD
569000 USD






Sold off HESAY
-542.54 QQQ




Life
  • Went to Chicco for lunch with ex colleague, not too bad just abit too loud for convos.
  • Not much happening week...pkl


Friday, 15 March 2024

Sibei buay kan fren

 Stokss

  • Closed at 164.01 after hours from last week of 174.98.
  • Looks like sentiment is very bearish and together with a timely downgrade by Wells Fargo.
  • But share price is very strong at 160 support based on chart which bounced off perfectly.
  • Probably should see some upward trend next week till Wed where rates will be decided to cut or not.
  • Did some bloody stupid moves, sold entire equity position only to see bounce back till Thur.
  • Bought back HESAY and decided to be QQQ options seller/bagholder, well done.
  • Sold 2% discount CSPs on Fris which will be the plan from now till otherwise.
  • Target is to get around 1K per week in premiums so will take assignment if necessary.
  • 2 more weeks to DBS ex div where if prices are right, buy more.
  • Itchy finger went to touch HK only to buy at top, took 1.4K L for nothing, ccb.

USD P/L 269110.26 

SGD P/L  28099.89

Down-ed ~800 ftw





1.3329
Redeemed entire USD
Left with SGD for premiums 24
57786.05 SGD







Hope this doesn't bite me in the S
-2899.65 QQQ



Life
  • What was I thinking to be able to receive payment from BK fren?
  • Now that I think of it, bonus was supposed to be in on end of Feb but was delayed according to him, which meant he already fk up then.
  • Instead of coming clean about the delay, die die want to inform only when asked and had the bloody cheek to ask for loan.
  • Must be crazy to think I will lend him the amount.
  • Instead of repaying on 15/3, now have to extend to 31/12 and repaid monthly. WTF man.
  • How can all 3 debtees have the same kind of thinking? Really hate to use words on them but seriously they should reflect on themselves.
  • Although this is interest repayment and not capital, basic financial responsibility should be uphold.
  • Proves that empty vessels make the loudest noises. "So Sorry Bro"
  • Very disappointed in his behaviour as a fellow finance bro...pkl


Saturday, 9 March 2024

Game over for Semi?

Stoks

  • Closed at 174.98 after hours from last week of 202.27.
  • Looks like very hard for share price to hold 200, had some news prior to the start of the week.
  • Elon wanting to sue Openai and G.berlin being a target of arson.
  • NVDA went on a monster spree, reaching 974 before closing at 850s without any signs of bad news.
  • Seems like this kind of pullbacks have to occur before going even higher.
  • Traded SMH and NVDA only to take a loss from AMD CSPs.
  • Markets actually went down on Wed but fully recovered by Fri and reaching all time highs before rugpull to close.
  • GOOG managed to recover to 136s although my strike wasn't hit, still have puts from 128 to 125 in the following weeks.
  • Sold 1x 210 AMD to earn $58 which i shouldn't have done tbh, not worth the risk.
  • Didn't managed to avoid assignment so now holding 100 shares at 209.42 basis
  • Bought 1k worth of MSTR cause comparing to BTC movement, they will outperform due to leverage.
  • TBH abit late to the party but with some leverage, may be able to get back some gains lol.
  • COST missed earnings and crashed almost 8%, will look to buy if it hits u700 or could sell some puts.
  • Still left w 115K to sell puts on till APR or USD goes back up.
  • CPI next week, probably will go up again looking at how markets feel right now so buying opportunities.
  • USD dropped big in the past week as well.


US P/L 271372.65

SG P/L 24639.89




1.3291
Redeemed some SGD due to good FX
89137.50 SGD
200260.35 USD





Life

  • Bad nights due to sleep cycle, having been constantly sleeping past 3.
  • Tried to reset by staying awake overnight but couldn't make it.
  • Bloody scalp pimples, need to rinse longer from now on.
  • Will be receiving last of 10K on following week, that marks the end of the loan cycle.
  • Turns out my slippers were 1 size smaller after receiving 2nd pair, tmd but oh well.
  • First premium to be paid next Tues, last payment for 2 policies since 2020...pkl

Saturday, 2 March 2024

Btc 64, NVDA 822

 Stoks

  • Closed at 202.27 after hours from last week of 191.56
  • Finally broke the 200 barrier but compared to mag 5 except GOOG which fell 5% since last Fri, still major underperformance.
  • GOOG opened lowered on Mon due to the racist Gemini saga and didn't manage to recover despite indexes reaching ath again.
  • Sold off entire stake at 141.97, sold 28days CSP from 130 to 132 which seems fair if it hits.
  • Sold COST and replaced with a 690 put as well, giving a $60 discount from current prices.
  • DCA more into SPY and Hermes while selling some puts on PLTR at 21-21.5, AMD at 160-162.5 and TSLA at 175.
  • BTC broke through the 60k resistance and went to highs of 64K before closing the week at 62 but looking at meme coins moving up, 2021 is back.
  • Best to be a little careful from now, better to buy at discount prices then fomo at highs.
  • Current holdings should be able to benefit from future run ups as well.
  • Still left with 47% of cash unless assigned from CSP, looking at YTD performance of 3%, better off buying SPY than stock pick lol.
  • Seems like drag comes from SGX and COH but oh well.
  • NVDA went over the 2T market cap yesterday, closed above 800 for the first time and is 3rd largest in MC behind MSFT n AAPL.
  • Probably will sell some SMH puts soon.

US P/L 274863.24

SG P/L 23089.89




1.3405
Put back 200K USD into MMF
170405.47 SGD
20057.87 USD















Life
  • It's been 3 months into the year and finally bought chair covers and soon pillows for the overprice SL chair.
  • Will go for car servicing probably next or following week depending on when filter comes.
  • Trader fren as usual on the last 10k, at least he knows how to do things by including the interest forgone, till 15/3 fingers crossed...pkl

STI ath, US slight resistance, BTC 118K but...

Stoks STI 4087 HSI 24139 Nasdaq 20585 Funds are constantly flowing into SG, pushing up non banks stocks for the last few weeks. DBS finally ...