| Blogs > 1ClassyLady > U r responsible for ur life |
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Nibble some Nasdaq stocks I have made good decision in late Feb 2020 sold a rental property in Vegas and switched the sold proceeds to my stock account and changed stock account from margin account to "c*sh" account to prevent "margin calls". So, I have had a million USD c*sh stock account with some lousy stocks and fresh new c*sh. I know "margin account" has double buying power, but with c*sh account I don't need to pay interest and know what my stock real value worth. By March 23, 2020, stock market crashed due to Covid-19 fear spread to Europe then USA. I bought some high tech MSFT, ADBE, CRM, AMZN, GOOGL, JPM, some bio-tech REGN, MRNA, GILD (US companies), NVDA, TSM, AMD (Taiwan semiconductor) and leave alone with my loser stocks in my portfolio. By Nov 2020, I needed to buy a new car because my old car had mechanic problems. I ordered a Tesla car in Nov and waited 40 days for my Tesla to deliver. My Tesla arrived on Christmas Eve 2020. I sold some stocks with profits to p*y for Tesla car. I also bought TSLA stocks under $600, TSLA went up to $900 but I didn't sell, it dropped back to under $600, I bought more shares and started to sell from $1,000 to $1,243. I sold al* TSLA shares and gained lots of profits. I had $640K profits in 2020, I had to pay "Uncle Sam" income tax 30% bracket on April 15, 2021. Ouch!! painful that my 1/3 profits went to taxes. I am a "swing trader" and a "market contrarian". I select the sectors I want and eliminate the sectors I dislike. As I have mentioned in my previous blogs, I owned Trillion dollar market cap companies and semiconductor companies that CEO are Taiwanese-Americans such as TSM, NVDA, AMD and XLNX. I avoid IPO stocks, Chinese stocks, Cryptocurrencies, SPAC IPO, airline companies, MEME stocks. I focus on 60 stocks I watched their news, earning reports, and current international news, pandemic spreading. I prefer U.S. high tech, software, bio-tech and Taiwanese semiconductor sector. I don't believe in Chinese government who k*lled Chinese people, spread Covid-19 to the world, concealed the bad news but exaggerated their abilities. It has more than a decade I don't care about Chinese stocks since they kicked out Google from China and let their people blind and deaf to search the world's news. If China is in 2nd place of world economy, why Xi asked "what can they do about food?" If China is rich, they can b*y from USA agriculture food and reduce the import-export tension, tariff tension in between USA and China. Easy. There are no Chinese people vote for their leaders. Without "presidential election" CCP leaders don't care about Chinese people's lives. Deplorable Chinese people became "silent lambs". CCP control people using censorship, surveillance cameras, bribed Africa countries for votes in UN, WHO, WTO. I have mentioned many times that Mao was the #1 massacred people but his portrait picture printed on every Renminbi 人民币 currencies. Why the monster picture on Chinese bills and Tienanmen Square. Don't they know killing is wrong? Why there are more than 5.6 million world people died on Covid-19 since 2020? In USA, people lives are very important. I went to Washington DC and saw all the soldiers' names who died from Vietnam War has imprinted on a marble wall. All the near 3,000 Americans died from 9/11 in 2001 imprinted on a wall and U.S. government had to give families compensation. Why CCP concealed all the people's names and death numbers from Great Famine, Cultural Revolution, One B*by policy, Tienanmen Square massacre, organ harvesting on Falun Gong practitioners, Hong Kong protestors, and genocide on Uighurs and Muslim in Xinjiang, Mongolia, Tibet? So many corruption, bribery in CCP. U.S. president Jimmy Carter made China became rich, but not CCP. Honesty is the best policy. |
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If you listened to FOMC Chairman Jerome Powell's speech today, 1/26/22 that he said Fed Reserve should be "humble and nibble" interest rate hikes. When I heard he said "humble and nibble" that made me grin to my ears. Isn't the same words I said in this blog on 1/23/22? When I trade stocks I always humble and nibble. I keep my powder dry. If you are in stock market, you might not need to listen to the U.S. President speech, but you can't not listen to the FOMC chairman's speech. FOMC chairman is the person who decides the interest rates. Honesty is the best policy.
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I spent $300K to buy more stocks and more shares, still have $615K cash on hand. keep my powder dry, but it is time to let those capitol to work today, 1/24/22, Monday. Honesty is the best policy.
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According what I read from internet that CCP had sent 370 fighting jets in 2020 and 961 fighting jets in 2021 to saber-ratting Taiwan. Taiwan has done NOTHING wrong to China. That is the reason I am a Taiwanese-American, dual citizenship, dual passports. I have been in USA for 41 and 1/2 yrs. Honesty is the best policy.
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Recent NASDAQ correction is because Federal Reserve will raise interest rates to control the "Inflation". As you might know, everything is more expensive than before. So, FOMC has to increase rates more than couple times to ease the INFLATION, particularly on crude oil and power (electricity) prices. Once interest rate went higher, companies who borrowed loans need to pay more payments. The higher loan payment will decrease company's profits. I have Tesla EV car, so I don't need to worry about "oil" prices went up. I don't need to have motor oil change every 30,000 miles, no transmission oil, no "smoke check". I renewed my DMV license plate before Christmas Eve without "smoke check", saved me some m*ney. I got EV car $1,000 discount when I purchased my Tesla car. My stock account is c*sh account, I am not worry about paying higher interest for margin account. Just mentioned few points that my decision was correct in March 2020. Honesty is the best policy.
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Before you invest in stocks, you need to do homework, what sector, who is the CEO, earning reports, know why you invest in that stock. Trust your wisdom, confidence to select a sector and certain stock. Don't wait till someone else tell you a good stock because by the time others told you good stocks that mean the stocks already gone up a lot. It is too late to buy at high. Most of the time, I made good decisions, but I made mistakes too. To Err is Human. Learn from your mistakes and hold down tight, some stocks will come back alive. My losers stocks are PYPL, ZM, ARKK, ROKU, SHOP, QS and KMI. In the bullish market, my portfolio has 75 % on stock and 25 % cash. I will gradually sell the winners when over all-time high to reserve cash for buying power. In the bearish market, my portfolio will have 50% in stocks and 50% in cash. I will buy back some good stocks that I sold. I have bought back some ADBE, CRM, because they have reported earnings EPS (earning per share) met analyst's estimate but revenue missed estimate and market already digested the bad revenue news. I already took profits from ADBE, CRM when they were at all-time hgih. I am not a "buy and holder" forever. I sold TSLA, AAPL, ADBE, CRM, NVDA, MSFT, JPM, ... to accumulate cash. Now I come back to buy a little shares. Like Warren Buffett said "Fearful when others are greedy, Greedy when others are fearful". Even rich as Warren Buffett, he sold his AAPL shares. I sold my AAPL at $181.49. TSLA at $1,240. I have NVDA bought and sold for 3 times since 2020 and 2021. After I sold, I don't immediately buy back. Stock market is treacherous and difficult to predict, so be careful. Don't buy at large amount of shares at one time. Reserve some cash in case of it dropped even more. Don't sell all at one time. Because market always overdone at high. The "shorters" squeeze" up prices to cover their short position plus late buyers jumped in. It is like the "fireworks at end", there is a "finale" fireworks. However, don't forget to sell at high. Sell a stock is more difficult to buy a stock. Honesty is the best policy.
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NASDAQ has a correction for weeks and NFLX earning disappointed investors and dragged the whole market down. No, I don't have NFLX but I own ROKU in the same entertainment sector. ROKU has been down since last quarter earning report that the revenue missed analyst's estimate. On Jan 21, I nibbled small shares of GOOGL, AMZN, MSFT, ADBE, ORCL, CRM, ASML (Dutch semiconductor Mfg), SHOP (Canadian e-Commerce software), AVGO, NVDA and XLNX. Why I didn't buy AAPL and TSLA? Because next week AAPL and TSLA will report earnings. I need to see how Apple and Tesla say about future guidance. My loser stocks are ZM, ARKK, ROKU and PYPL, PLTR. TEVA. I have learned read "charts" that helps me to know WHEN to enter and WHEN to exit good stocks. Although "chart reading" can't prevent from "unexpected surprises", but generally reading charts gave me good directions. When you invest in stocks, you need to be humble to buy a little when RSI below 30, and sell a little when RSI over 70. I don't sell stocks at bottom, nor buy at high. I sold all my TSLA and AAPL at all time high prices. I will pay attention about their earning next Wednesday and Thursday. MSFT will report on Tuesday, so I nibble a little shares. Usually, buy after the company earning reported is safer. Honesty is the best policy.
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