SaleemYagzan
Pakistan
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This Year’s Performance. Risk Score Considers Last 7D.
@MEAL530511ZX1515 closed a $GBP/USD buy position
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I just closed the trade at a profit of 1.15% ... Show More
Harshvir Kang @harshsmith
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Everyday same news, today china suggesting path to eliminate US trade imbalance. Basically begging algs everyday to buy buy buy lol. $SPX500 $NSDQ100 $DJ30 ... Show More
Harshvir Kang @harshsmith
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Hey guys, bit late to the party but Happy New Years everyone, hope u all had smashing holidays. This is usual end of the month update. Ended month with +6% which I am quite happy with given how the market conditions have been lately. As of now $SPX500 is around 7% off the lows, same as $NSDQ100 and <a href="/markets/dj30" class="e-link">$DJ30</a> The rebound was pretty much expected due to portfolio re-balancing done by pension funds etc and support level at 2350 for SPY. Going forward, in 2019 we really gotta keep an eye on few factors: 1. Upcoming trade truce talks between china and US, 2. How long does government shutdown lasts, 3. Earnings outlook by banks should give us some idea about spending and loans which should give us some idea about how economy has been doing and depending on outlook, how will it perform in near term. 4. Technicals: We have to keep an eye on technicals at this point, this selling in last 3 months has entirely been based on technical setups. It did not matter if news was good, when technical chart is saying sell, algos will sell. So for very near term, 2540-2550 is resistance area we need to keep an close eye on. In regards to portfolio, my largest position still remains <a href="/markets/fb" class="e-link">$FB (Facebook)</a> as I am still not seeing any meaningful impact on user numbers due to all the stories published by NYT. However I am still keeping close eye on user trends and will see if anything changes. In a mean time, in this market I have been buying into weakness and sell into strength, if market downtrend breaks, i will be more comfortable holding positions for couple months. <a href="/markets/amzn" class="e-link">$AMZN (Amazon)</a> <a href="/markets/bidu" class="e-link">$BIDU (Baidu, Inc.)</a> <a href="/markets/goog" class="e-link">$GOOG (Alphabet)</a> are rest of reasonably large positions I have and will be holding them for couple of weeks. At this point, portfolio is basically setup in a way that when there's a down day, we lose small but when there's up day we win big. Obviously I do trade <a href="/markets/spx500" class="e-link">$SPX500</a> in and out everyday which plays its part. Now as for Trade talks and Market shutdown, i do feel like there will be some sort of positive message and step in a right direction when both Chinese and US delegations meet in couple days. Trump seems to have finally get a message from US market selloff that this trade is not a win/lose situation. Trade war will lead to lose/lose situation and I am hopeful that Trump administration will give some concessions to china to resolve this trade dispute in near term and send some positive message. However, dont think there will be any solid deal, its gonna be half measures with ongoing discussions. Lastly, <a href="/markets/aapl" class="e-link">$AAPL (Apple)</a> just dropped a bombshell this morning which is particularly juicy for bears. However, I do think this negative news was already priced in but lets see how stock behaves tomorrow at 140 level. That would be all for now, lets see how the month goes. As usual, please feel free to ask or suggest anything. ... Show More