pyesetz | Another week, another imaginary game profit (Reply)

(LiveJournal is back to giving me “Access Denied”, so this post is DreamWidth-only.)

I won again! It was +1.1% this time. Took only 6 days, so that’s like 46% annualized return, which is better than a savings account. The swing consisted of four days of ‘up’, a null day, and then ‘down’ to my finish line. It’s just that easy!

This ‘short’ trade-set was indeed very short-lived. I expect that my next move will be of the ‘long’ type and will last for several weeks while the market drops, oh let’s say 4%. A long trade involves buying ordinary stock like a normal person, but then immediately putting it up for sale again using a LIMIT order as if I were some sort of dealer. This would be a ‘contrarian’ trade because I’m buying while expecting the market price to drop — but I don't know how far.

Alternatively, if the market participants decide to bid prices up going forward, then my next move will be (like this just-completed one) a serene series of short sales, in accordance with my standard algorithm. No special foresight required!

Lawyers. The deposition is now scheduled for August. It was previously scheduled for February 2022, but that didn’t happen.