Anyhoo, I have been selling into strength. Sold 500 MRNA today, no more MRNA. Almost out of REGN, just left 100. Cash is king, holding hardly any stocks (excluding the never sell AAPL holdings).
Frankly, doesn’t matter what happen over this few months because I am pretty sure (ofc, not very sure) that prices of most stocks would be lower than today by the end of the year. Actually I have been nibbling some high conviction stocks even though I believe prices of these stocks are likely to be lower too but… as I said pretty (ofc not sure) sure Won’t be building to the level of MRNA and REGN, at one time, I own about $200k worth of each… about $50k per high conviction stock.
One of these is what you have mentioned should buy in a EV video, blink and you would miss it…
Talking about trading (not buy and hold portfolio):
Currently I have about 80% cash as I think a crash (worse than Mar 2020) is imminent and I am very clumsy… if I have many long positions, would take ages to unload. I don’t want to be a Newton nor an early short . What happened in 1928-1929 is instructive…
That was the Great Depression. When there was a crazy thing called Gold Standard.
I think I know why some people are so bearish. They don’t like the new party in power and have their politics cloud their investment judgement. That’s why we see all these predictions for hyperinflation, stock/housing/tech/crypto/blah-blah-blah bubbles, and now Great Depression 2.0.
Cycle low (so BTFD) and indexes not moving much, but a lot of individual stocks are really moving (including meme stocks…feels like early Feb right now). I think Chinese stocks are on the move as well and I’ve bee loading up on YINN last week. We’ll see what happens but the market is on a very sensitive ground. I think any bad news can correct it 10-20% quickly. I’m keeping a nice hedge in place just in case.
Cash yields negative 10% right now. Hard to argue for it, much as I’d’ like to cut back positions on some of my winners like NUE and NIO bought just last week. Stocks eventually come back from a haircut; cash never does.
Cash also come back from haircut (when stocks are at high) to a high (when stocks have a haircut).
Panda is switching back to technical support and resistance approach. Above SPY 420, new ATH. Below 416 bearish bias. Actually today is the wrong day to draw that line, today is a turn date using Fibonacci time spiral. That decision should be 2mrw.
Just messing around. I know what you mean. I just want to see clearly which stocks I should pump up to $50k and hold at least for 5 years. To do that I need to be in cash and watch calmly. Prices go up and down, sure to have opportunities to pick up at reasonable price, if can’t just forget about those stocks. Focus on those that can be picked up.
In short, I am reducing my trading activities, take too much time.
I think you have forgotten the context. I am always all in for buy n hold AAPLs and index funds. Trading portfolio is only a fraction of my stock portfolio, insignificant impact. It doesn’t matter what I did with the trading portfolio. I am not like most of you guys, only one stock portfolio… no separation of buy n hold vs trading.
Remember trading and investing are vastly different. For trading, one shouldn’t be afraid to hold cash for a long time while in investing it is critical to be always all in.
He uses 5 techniques, switching around on his whimp.
Panda-BEAR: 20+ yrs active trading experiences. Using my TEACT formula (Trend, EWT, Astro, Cycle & Technical). Tweets mainly for record-keeping purpose, NTA.
Although he didn’t mention it, he uses macro factors too.
Since his tweets are for recording purposes, he is not obliged to inform any1 nor guarantee the accuracy of his content in his tweets. Just recording what he is thinking in public.
Meme stocks are moving. As mentioned, it’s looking like Feb to me. Just choppy and slow grind on indexes but meme stocks making some huge moves. Just look at AMC, GME, PLTR, CELH, AHT, ABNB, PLTR, etc… I only have positions in CELH, ABNB and AHT but gains have been huge just last 1-2 weeks. Started loading up CLOV and NNDM this morning too. These are ride the wave and exit type of stocks except ABNB and CELH to me. I don’t know if it will have the same effect as Feb but need to follow the herd when price action dictates it.
I increased my position on CLOV to 10k shares. It has over 35% short interest (from my ameritrade app)…someone from social media was saying it’s more than AMC or GME. God help me if I’m wrong.
Wtf! One big turnaround and quote my previous target of 4454 Should have just sticked to my EW rather than listen to @manch who claim Panda voodoo cycles and astro is super duper.
Hahaha. Well, he wasn’t wrong on the first hard dip so I’ll give him props for that. It’s a hard market for bears and also index traders right now.
I also just looked at AMC closing price of $65 and remembered the good old days when I bought it around $2 and sold around $16 (lot of options then). I just have to tell myself, don’t overthink, look at price action, feel the social sentiment and just tab the buy button. This market is broken and everyone knows it. Don’t trust anything except the price action and taking frequent profit. Trade like a kid and take profit like an old man is my mantra.
even though I believe prices of these stocks are likely to be lower too but… as I said pretty (ofc not sure) sure 
Won’t be building to the level of MRNA and REGN, at one time, I own about $200k worth of each… about $50k per high conviction stock.
and you would miss it…
. What happened in 1928-1929 is instructive…
too
Should have just sticked to my EW rather than listen to 
I just have to tell myself, don’t overthink, look at price action, feel the social sentiment and just tab the buy button. This market is broken and everyone knows it. Don’t trust anything except the price action and taking frequent profit. Trade like a kid and take profit like an old man is my mantra.