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Mon, Jun 5, 2023: +$600

3 wins, 0 break even, 3 losses

TSLA
This was a counter-trend trade. It was risky but paid off. The market seemed soft in the morning, and Tesla appeared to be overextended.
Result: +$1,200
2023-06-03-47-TSLA


ABNB
I went short considering ABNB opened lower. I waited for a signal and acted on it, but ABNB didn’t behave as expected.
Result: -$1,000
2023-06-03-48-ABNB


META
It opened lower, showed a nice reversal, and reached the target fairly quickly.
Result: +$1,200
2023-06-03-49-META


META
This was a late morning trade. The chart does not show it, but META never reached a stop of 275.70. It was a good trade, albeit a little risky considering there was no signal. It actually continued to drop.
Result: +$1,200
2023-06-03-55-META


AI
I shouldn’t have taken this trade simply because the stock was in an upward trend. However, it was a calculated risk.
Result: -$1,000
2023-06-03-56-AI


NET
This trade was not meant to be. If you look at the light chart underneath, you’ll see the SPY was in a strong uptrend. The lesson learned here is to verify the overall market trend before entering a trade.
Result: -$1,000
2023-06-03-57-NET