Deal of the Week: January 15 – January 19, 2024

admin5 hours ago

January 19, 2024

My first holiday in Australia was great for my trading account. I guess I should probably stick with my vacation. hmm…

I carried AMD & TEAM with me on the weekends.

AMD It surged 8.3% on Tuesday and continued to rise throughout the week. Thursday morning I had a gap day so I tried to sleep in but I was still jet lag so I woke up and saw some movement. I decided to close the position for several reasons:

In fact, it has extended beyond the upper Bollinger Band and the overbought stochastic level.
The reason for the transfer was not directly related to AMD, but to sympathize with TSM’s good performance.
AMD is expected to turn a profit soon.

So I thought now would be a good time to liberate it. Here’s the chart I posted last week:

Here’s the updated chart:

The entire transaction, averaging the partial sales, resulted in a net profit of R4.46 (or 5.26%). I made $11 per week on my first sale and $30 per week on my second sale (21.7%). I participated in several different trades during the week, but only one of them got executed. It is as follows:

SMCI

These transactions can be categorized as follows: It’s better to be lucky than good! I saw SMCI on the Non-ADX 1,2,3,4 pullback scan on the night of the 17th. I placed a standard buy limit order and went to bed. SMCI exceeded my limit but then backed off and filled up. Here is the first part of your luck: keeps falling I got to within $1 of my stop loss. Before splashing out a bit:

The second piece of luck was that SMCI pre-released its earnings after the close. When I woke up in the morning and checked my account, I saw the news and there was a huge surge in after-hours trading. So on Friday morning there was a gap and it continued to rise. It’s up 37% as I type this! This time, I happened to wake up in the middle of the night (Australian time) and saw a huge profit (~5R). I immediately sold half my shares.

So I bought SMCI at 322.27, sold half of it 91 points higher at 413.08, and still own the other half. It is an increase of 5.75R (~5.4%) in two days. Let’s see what happens whenever you sell the other half of your shares.

also, I would like to point out that both AMD and SMCI are very expensive stocks. For those who think that high-priced stocks do not move well, pay attention!

So AMD & SMCI (and TEAM, which I still have) gave me It gained 8.55% for the week, bringing its YTD return to 14.5%.