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Archive for July, 2022

Posted by Martin July 30, 2022

2022 Week 30 investing and trading report

The market responded precisely as I expected. Not sure if it was because of being a TA genius or pure luck. I would guess the latter one. Well, I started using volume profile analysis, and that helped me a lot in identifying supports and resistances, so I expected that the market would reach the $4,120 Continue reading →

Posted by Martin July 30, 2022

July 2022 $100 Challenge account review

The stock market is still in a bear market but recovering fast. We need to wait a bit longer to see if this is just a bear market rally or an actual reversal. There may be a pullback now, but I think we are back on track to a bull market recovery. We got hit Continue reading →

Posted by Martin July 30, 2022

2022 SPX put credit spreads trading review – week 30

Our SPX trading is improving, and we are slowly returning to regular trading. Yet I am still cautious, keep it slow, and keep my strikes as far away from the market as possible. The market reached previous strong support, now resistance, and after the strong rally we saw last week, we may have a strong Continue reading →

Posted by Martin July 28, 2022

Apple (AAPL) shines with record revenue, stock up 3% AH

I am glad I bought shares of AAPL yesterday and raised my holdings up to 100 shares. Now I will be collecting dividends and premiums from covered calls. I will be wheeling the holdings and collecting even more premiums. As soon as I bought it, the stock reported record earnings. Despite people freaking out about Continue reading →

Posted by Martin July 28, 2022

Amazon beats earnings estimates. Stock up 11% AH

Amazon beats Wall Street estimates for 2Q. Shares gained over 11% in after-hours trading:     Amazon lost a lot of value in this bear market. It erased all gains from the 2021 market frenzy. But if you were selling, you made a big mistake. You should be buying, at least, you should be buying Continue reading →

Posted by Martin July 23, 2022

2022 Week 29 investing and trading report

Our trading account started growing again, recovering from the bear market losses. Our stock holdings reached the previous highs, partially due to new holdings additions and partially due to recovery. I think the recovery will continue as I am convinced that the bottom of this bear market is already in. It still may take time Continue reading →

Posted by Martin July 23, 2022

2022 SPX put credit spreads trading review – week 29

Last week, the SPX trading improved again. We traded a little last week. We opened new credit spreads and adjusted some older trades only.   Our trading delivered $1,020.00 gain. That brought our account down by 3.79% while SPX gained 2.55%.   Overall, the SPX account is up +675.05% since the beginning of this program, Continue reading →

Posted by Martin July 19, 2022

Bear market is over

Yes, this bear market is over despite what the talking heads and other morons will try to tell you. Six months of selling and extreme bearishness is enough. Why? Despite the high inflation, which is, by the way, going down, supply chain issues that are improving, and a war in Ukraine, which is stalling, the Continue reading →

Posted by Martin July 16, 2022

2022 Week 28 investing and trading report

Last week the stock market eased on the selling pressure, and we were able to increase positions in some of the beaten-down stocks and resume trading and not just adjust the old trades. If this trend continues, I expect even better trading results in the year’s second half. I added more stocks last week, resumed Continue reading →

Posted by Martin July 16, 2022

2022 SPX put credit spreads trading review – week 28

Our SPX trading started improving significantly. Our measures of opening box trades delivered enough credits in the past few weeks to offset trades that were deep in trouble. We could roll them down and use the credit to do so. Now, these trades are expiring out of the money, releasing buying power and allowing us Continue reading →