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Traded ValuePaper account day trip
Made two trades at the open, shorted Netflix, went long on NVIDIA's "favorite son".
And at the open, the movements of Netflix and NVIDIA's "favorite son" were consistent with my expectations. Netflix indeed plummeted, but because I wasn't fast enough to grab shares, I only made 20 points. I chose to keep one option contract, but that contract also has a cost, over 100 bucks. As a result, that option is now worthless.
On the NVIDIA "favorite son" side, I was a bit faster with my hands, but still didn't hold on. After it rose 20 points, I chose to withdraw the principal and let the profits run. But later, I couldn't control my hands. Seeing it pull back to 82 bucks, I thought it would break the previous high of 84.8, so I bought 5 option contracts. Huge loss, now both the principal and profits are locked in.
The paper account once doubled, could have tripled actually, but because I was busy with my real account, forgot to take profits in time, and later stubbornly shorted Netflix, causing the paper account's principal to almost halve.
$Netflix(NFLX.US)$Invesco QQQ Trust(QQQ.US)$Coreweave(CRWV.US)
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