Here is the link.
17:38
letting the results take care of themselves 2019 turned out
to be a
17:44
pretty good year for me that non- margin Roth count was up
17:51
71% I made 332 trades my hit rate was
17:57
69% and my my average holding period was nine trading days
now in addition to my wroth I
18:04
decided at that time to refund my margin account with a
small amount of money just
18:10
$35,000 it had been years since I traded a taxable account
it's hard to build
18:16
wealth when you're splitting the profits with Uncle Sam at
the end of each year but I came to terms with that I felt
18:23
that the ability to use margin would provide the opportunity
to rebuild faster
18:29
my margin account was up 233% in 2019 I made 238 trades my
hit rate was
18:38
68% and my average holding period was also nine trading days
there really weren't any huge
18:45
standout stocks twio zscaler Koopa software pindu Doo were a
few of my most
18:53
profitable trades and I came back to those stocks again and
again I was just
18:58
is consistently locking in small fast gains ranging from the
high single digits to around 20
19:05
25% and there were few outliers in the 50% range I I had
gone back to my early
19:11
swing trading days taking fast profits and trying to
compound my account as
19:16
Summary starting from 17:51
2019
- Margin roth: 71%
- 332 trades
- Hit Rate: 69%
- Holding period: average 9 days
- Margin account: $35,000 US dollars 233%, 238 trades
- Twillo, ZS, Coupa, PDD stocks
- 11400% return, 114 times, my estiated calculation: 3.5 x 114 = around 350 million dollars
- 14% swing trade, 84% -> TSLA -> TSLA up 700%
- All cash at last day of 2020
- Estimated 10 years, but actually took 2 years. Lost 80% gain from last 10 years before 2018, divorce
- 21:59 Roth account 400%
- hit rate 70%
- TSLA long term hybrid conviction
- Bought a house - a few million dolllars, same amount for redecorating
- Roth account, 13 times more
- Optimism: 2 - 3 years, 9 figure, 1,000,000,000
- 20:59
- Nov 2021, market downtown started
- NSADAQ 38% down
- SHOP 87% down
- NFLX 77% down
- NVDA 69% down
- ZOOM 90% down
- Meta 77% down
- Recall APPLE, 62% down around 2008, but a big rebound after 2008
- No contingency plan
- 50% down, wipe out the account - if there is margin on the account
- 2022, 115,000 shares of TSLA
- Add funds, markgin calls - option hedge, buy put options
- Margin interest, six figures
- Defensive measures
- Wiped out the account
