msft spread

 went again one of my rules today

msft is not on bullish trend, ask the price has went under the 200 sma

but went with the spread, as i think the earnings result was good

and $380 is a good price

few months ago, the price touched $385 and went up again

78 days to expiry, just few days before the next earnings

i also wanted to enter HOOD spread

price was down 16% today

but i think i can slow down, as I have 3 trades now

if each trade, I lose $1k, that is 3k out of 5k gone

a market crash can make it happen

so i should slow down a bit and see how things go

there is still the usa election, that is happening on 5 Nov

so there may be more turbulence ahead

on another note, I am also thinking of investing in CELH

currently price is around $29

i thought about red bull, the energy drink that did very well long term

monster beverage too

the PS ratio is currently 4

and Adam Khoo bought into it too

the drink is different from others because it is said to increase metabolism, containing stuff inside the drink that is good for health

KO spread

 

traded a spread

exit price of $64, which is only 2.7% away

I may have to pause betting for bullish market

if market crash, my 2 positions might be wiped out

STX spread $500

 now I have entered $500 per trade

I am more prudent with trades

I waited a few days, and it reached a level that feels more comfortable

with an exit price that is also more comfortable too

when i saw the win loss ratio, it was not 1 to 4. but i set the limit, and it filled. price the win per contract I saw was $45, but the trade filled at $55

another note, for spread, it seems better to enter when it reaches the 3rd line, not the 1st of 2nd line (200 and 150 sma).

the exit price is also below the 5th line, so the price will have to cross 2 sma support lines

quarter review

 overall, profit of US$884 was made for 2024 Q3 earnings. 

bet size was $300 each. will increase it to US$500 next quarter

there was 2 bets I should have lost. NFLX and MSFT below

because the price touched my exit price. but I did not close it, as it happened late in the night

so it may be a good thing not to set stop loss. look at it the next day, if the price has go to exit price or worse, just close it.

i hope to increase my bets fast

hopefully US$1k per bet next year

it will not be so scary if I just do less trades. If I only have 1 trade, and lose $1.5k, then my account can still survive.

i plan to withdraw money to sustain my spend.

If i trade US$500 per bet, then I can redraw $500 per quarter.

that is around SGD$200 per mth.