Occupation: Operations and Customer Success
Industry: Financial Services
Stake Portfolio Size: ~$15k USD
What’s on your watchlist?
My watchlist consists of a few categories of stocks. The first group gives me an indication of how the market is performing generally – it includes indexes (or index tracking ETF’s) like SPY, QQQ, etc. The markets page on the Stake app is awesome for this. I then also watch other big names like AAPL, AMZN, etc for this same purpose.
The next group of stocks that I watch are from industries that are showing promise. Right now I’m tracking mainly tech and renewable-related stocks. This includes stocks like TSLA, NKLA, NIO, APPS and BE.
I then watch any other stocks that come up on my stock screener. I mainly screen for stocks that have the potential to breakout. Here I’m looking for stocks at or near 3-6 month highs with considerably higher volume than normal. I also consider the MACD as an indication of momentum.
Tell us about your biggest win?
I’m not sure of my biggest win, but my first big win was over a year ago with TIGR. I traded it from a share price around $10 for a 100%+ gain over 3 or 4 trades spanning a week or two which I was pretty happy with at the time. I also made a very small TVIX trade around the start of the COVID-19 pandemic which at its peak was up about 950% before coming back down.
What’s your prediction on the market?
I’m not all that optimistic about the market at the moment and think we could be in a pretty concerning position. However having said that, I’ve been concerned for quite some time now and sitting on cash has had a huge opportunity cost with how quickly the markets have bounced back. My concerns are really centred around the response of the Fed. I’m a believer that markets should follow natural patterns and that the Fed should be there to smooth out these patterns – not to actually change the direction of markets. The long term direction of the markets I feel should be shaped by fiscal policy. At the moment I feel like we’re in an experiment that no one really knows the outcome of which is why I’m hanging on to more cash than I normally would be. But having said all this, I think it’s also important to trade what you see rather than what you think.
ICYMI: make your own decisions
This is not investment advice, just my opinion. It doesn’t reflect any opinions of Stake. I’m as fresh to this as the next person off the street. Do your own research and make your own decisions.
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