September 24th…
…CCP has announced an economic stimulus package to strengthen financial markets.
I don’t know what I was doing at the time. I’m probably going to get carried away with my fantasy football lineup, having a hard time writing something or doing something productive remotely. I couldn’t provide any details. How much the fee will be reduced and the total dollar (yuan) will be injected. I know that FXI, my proxy ETF for Chinese stock performance, closes 10% of the day. Good for them.
China’s stocks have been performing poorly for three years just because of the background. FXI has dropped by 60% from its 2021 high at YTD Lows. There are many reasons for this, but I will keep it short. 1) Government-led regulatory crackdowns have made it a poor shareholder environment. 2) Bad Economy – There was a bubble pop and a recession in real estate. It’s why China has been a stock market that has been declining for a while, throwing in some bad Covid policies and booms. Being a Chinese stock investor requires you to have a really terrible experience. Probably so What killed Charlie MungerHow do stock markets get sucked into this amazing GDP growth?
anyway. That’s all. The Chinese government has announced a large-budget package, and Chinese stocks will rise. I’m a retired trader, so I don’t really care anymore.
October 2nd
Wednesday mornings are random. I really don’t care about the transaction, trust me. I’m out in a park where I’m meditating. I close my eyes and “reflect” everything that’s wrong to me. My attention is trash. I won’t sleep. I’m too online. I’m open my eyes in hoping to feel better, but I’m sure the concept of meditation is a scam for you to pay for therapy or sign up for a mindfulness app.
I’ll go back to my computer and waste morning beans by counting the long-term portfolio profits on the S&P 500 HIGH, so I’ll look into the inventory.
Then I realized that FXI can reach up to $35. It’s kind of wild.
One of the fleeting thoughts I sometimes have about my trading is that I could probably become a rare trader. I only need to make hundreds of thousands of dollars a year to stop the possibility of having to get real jobs. For experienced traders, that’s not a big deal. I don’t have to show up every day, or most days anymore. Through 15 years of market experience, the top 10 opportunities of the year need to be identified in real time. This is usually a “sell news” play or parabolic extended shorts. Or in this case, both.
This China movement is beginning to expand a bit, and could be the top 10 OPP. I don’t think much about it, I’m just looking at some opening range weakness early, I crush some keys, and now I’m a short China. Mainland China market will not be open until October 7th, and we know that there will be some kind of press conference that day as well. When it comes to “selling news”, you know that in order to avoid pain and whiplash, you need to be as close as possible to that particular date*. I’m a bit stupid, but despite “noticing” this, I think my daily charts are so expanded that it could disappear sooner.
So I got a short JD, Futu, Tigr and I got a long Yang. Another fleeting idea I sometimes have is that I should be a tax efficient trader. If you have the “top 10” opportunity to short on a 401k (via put or reverse ETF), you should use it so that you can defer taxes to all your profits until it’s an old geeser. So I think Yang’s 150,000 shares are $3.08 for a long time, and that seems like a genius move on multiple fronts.
There are minor modifications. FXI makes a low 34.50 during the day (Yang would be 3.19 high) and I think it can disappear all day until the bell closes and the gap drops.
That doesn’t. About 3 hours, it will tick and create a range below the high. I know my position is not going well, but I haven’t made a decision. I’m just stuck and suffering. I am not completely preliminary due to the mental challenge of trading. I will discuss between holding the bag until next week (for when the mainland repeats again) and other options. Covering a little loss and trying again later and hope for a higher price.
FXI creates a new high in the last hour before ending. I flatten all positions and lose a total of $13,000. I feel like an asshole and I’m angry now. It’s not because of the money, I lost that amount a million times. I lost ten times that amount a few times. I think I’m just mad because I feel like I’m stupid and depressed to wash it. And I keep telling myself: Just stop trading. Still, I’m here, I trade and get mad. What else did you think would happen? Before you risk your money, you are supposed to sort out these inner conflicts, Dum-dum.
This is a good time to close your eyes and meditate, Pete. Leave it alone.
peace. accept. Zen.
Open your eyes. I don’t know if I’m feeling anything – again, I’m sure meditation is a scam. I say it’s time to abandon healthy coping habits. Just scroll through Twitter until I get mad.
Ah look. I found something that boils blood.
OK buddy, fuck you.
I didn’t want to break into the monitor. I’m like a toddler throwing a tantrum, inadvertently squeezed the mouse in that general direction. If you wanted to break the monitor, it would have been more satisfying to *really crush* it.
October 3rd
I’m awake, but I refuse to trade. Nuh-uh, the market won’t get my money this time. I refuse to play this game.
Just check FXI to see if it covers the top yesterday and you’ll leave for the day.
Check FXI on my phone aaaaaaaand…it’s down 3% overnight.
Well, that’s the top. Of course, I blew it. The previous day it was closed at 85 RSI, but of course it had to collapse. I just don’t know how to feel the pain, so I’m sitting from real movements.
I refuse to look at the market for the next few days and am sure I will never trade again. I don’t want to deal with this stress or anxiety anymore. Always look back at your exit and assess what kind of fuck head you are.
Before I know it, it’s already a Sunday night October 6th. I turned off the Dodgers game out of disgust. They lose 7-1, our pitching stinks and the blasphemous far is an annoying little bitch. Baseball – Fucking tolerant sports. It’s time to replace one pain with another. Checking Hangsen futures shows a 3% increase. I notice the similarity of hope (?) floating in my body, and I tweet under my breath: Why am I doing this to myself?
October 7th
I’m on my screen and know I’m going to trade. I know that. I’m not doing any prep work, I’m not writing anything, I’m not drawing anything, I’m not talking to anyone. There is a concept of trading planning.
I think the right idea is to maintain the “event” (the event is the 10pm CCP press conference and the reopening of mainland markets) and reach the other side. If it’s still a loss at that point, you give up and retire. Earlier this year, in another “selling news” play, I made the mistake of shortening the rookie mistake before the target date. Remember the sale of the Bitcoin ETF? I think I lost $40,000 in Mara before the day the ETF actually traded. That’s what you want Simple Money Opportunity Window. You don’t want to feel like you’re fighting this unlimited bid.
I shortened 2500 JD, 6000 tigs, 900 FUTUs and won 75,000 Yang’s stock for 401K. The weakness of the opening is trading up to $36. And I’m unconfirmed $20,000. But then some “magic” bids go step by step and everything goes against me.
This is happening Also. And I need to take it. It may even close at high prices and gap one last time. Psychic Challenge: Know that moments of truth are turning the corner and have a limited amount of pain.
I actually have an unrelated coffee meeting with private equity investors at 1pm. I’m thinking of canceling. What to do – To compete in quotes, I’m committed to the pain and don’t go out no matter what? What is the point?
Then I get another call. My daughter stumbled and collapsed in daycare and now has a small bump in her Noggin. Then my wife called me and told me she was very worried so I need to check her out. Well. I walked to our daycare, checked her and asked her what had happened and she was fine. The kids will fall, what can you do? My daughter is now very upset that I showed up without coming to pick her up to get home, and now I have to leave her babe with the biggest tears.
I’m on the train heading towards Midtown for a coffee meeting. While the Q-train is on the bridge, I queried the FXI and saw it was at the highest of the day. Now I’m paying solidly for everything except Tigr. I keep telling myself that it won’t be an issue until tomorrow, but I don’t feel good about it at all. I hate being faster, it sucks all the time. You will never enjoy it early.
A meeting will take place. It’s a good time to not have to check your phone as you have to be polite. We’ll explain the weird stuff of SPVS and Anduril and SpaceX, Open AI and other private equity. He asks me about my plans for the rest of the day.
I’ll go home and check the stock. I’m shortening China today, but I think the cover should be good by Wednesday. He’s not a trader, so he answers something along the “Oh, that’s good” vibe. I don’t even know why I told him. Maybe it was to increase my own burning confidence. We shake hands and walk our way.
I went back to the screen for the end. My concept of planning is to hold it until tomorrow. I don’t think this will happen, but I’m “ready” for it – if there’s one final gap, I have a bullet to fire. So why I only had 1/2 the amount of Yang I had from LAT Week for a long time. If you’re not a winner by Wednesday, I know I’m being fucked.
Over the past 30 minutes, this volume will all be flooded into FXI for mini breakouts up to 37.50. I don’t know why I emphasize this, but I just do. I always smoke at the earliest. I start to feel this fraud syndrome, just as all of my thought processes are just lies. It’s strange how little “analysis” is in my trade process. All I have is this faint concept that this parabolic line will fix itself after October 7th, and I have to look at it.
I will never trade Chinese stocks.
ADRS don’t often change during the day, why am I trying to shorten them like a small cap?
What happens if it goes up to FXI $40?
I scroll a bit.
God is probably righteous. It was a negative sentiment for years, but now *finally** government support and still underrated…but I am shortening this freight train. I don’t know what I’m doing. I’m going to have a big loss tomorrow, but it’s going to be easier to manage and at least retire knowing I did my best.
I keep everything out and the depression begins to settle again.
October 7th.. EST
Monday night soccer on TV. Please place Sen futures on my phone. I think it’s down 1%. that’s good.
A press conference will take place. It’s now down 3%. That’s usually a lot for stock index ETFs.
For some reason, the media appears to have reported that “China is up.”
Querce has a cool lateral play with Perrine. It’s now down 6%!
At the lowest…negative 10%. phew. Of course, these mooks need to benefit from the mainland. A much clearer transaction. To mentally track PNL, I line up my inventory on the Robinhood web page. I really need to get a broker with a proper overnight deal.
October 8th.. EST
I’ve been awake since 4am. All of my positions are through lame house brokers like Schwab and Fidelity, so I can’t even trade until 7am. That’s another fleeting idea I had in my deal… I should just go to a zero committee deal and save money… I did it. Well, the cost of saving these penny would probably cost between $10,000 and $15,000, as we couldn’t cover the bottom at 4am. I have no choice.
All of my short positions have significantly lowered the pre-market market. Futu and Tigr are about -20%, while JD is nearly -10%. Covering everything at 7am. I sold Yang for a good tax deferral gain of 35%. He’s making about $95,000. Subtract previous losses and raise the overall trade idea by around $82,000.
Sell the news. every time.
