August P/L Challenge: How Many Trades Have You Made?

How did you break the August curse? Do you have any tips to share with other Tigers? How many trades did you make in August?

$Tiger Brokers(TIGR)$ For months that will be rough (like August, and most likely November too) I'm sticking with long term trades. Buy and hold, grab dividends on high strength companies that will survive a weak month.
avatarIykyk
09-05
$Tiger Brokers(TIGR)$ Not a lot. Hard to trade
avatarCY0923
09-05
$Tiger Brokers(TIGR)$ just be consistent in your purchase of a trade. I bought 40+options trade and did well 
$Tiger Brokers(TIGR)$ Baron Rothschild famously said the time to buy is “when there's blood on the streets, even if the blood is your own”.
$Tiger Brokers(TIGR)$ Totalled 170 trades in the month of Aug. Initiated 62 options trades and closed another 78 of them either through active closure or expiry at the end of contract date. Separately traded another 30 stocks for both long and short positions. Performance wise I'm down 9% for the month mainly due to a sharp 30% from both SMCI Stocks and sold puts which I held a large positions on. Rest of options trading are pretty profitable thereby minimising my loss. 
avatarmster
09-03
$Tiger Brokers(TIGR)$  August - did about 45 trades opening and closing excluding those expired worthless option contracts. The best bet was on SMCI on the day it had the big dip when they were investigated for irregularities in their earning reports.   Made 65% in a day swing trade. So far this month is up about 9% according to Tiger's analysis. 

🎁Check All Time High Winners in August with Market-cap over $100 Billion

August was a month of correction at the beginning of the month and rebound from the lows for the US stock market.The $S&P 500(.SPX)$ is approaching the record high set in July,The $DJIA(.DJI)$ has surpassed the record high in July, while the $NASDAQ(.IXIC)$.As September approaches, people are beginning to worry that the market in September will be more volatile and pessimistic.Read More: Weekly: Jobs report kicks off a new month, Wall Street is bracing for a tough monthOf course, there are also some stocks that continue to perform very well in August and hit record highs.Below are some in
🎁Check All Time High Winners in August with Market-cap over $100 Billion

A Summer To Remember

Summary U.S. equity markets climbed to record-highs while benchmark interest rates rebounded from eight-month lows on a relatively quiet end-of-summer week as investors parsed a 'Goldilocks' slate of economic data. PCE data showed modest inflationary pressures in July - keeping the Fed on course for multiple rate cuts by year-end - while consumer spending and consumer confidence data topped estimates. Posting gains for a fourth week following a three-week skid in late July, the S&P 500 gained another 0.3% this week. The Dow Jones finished the week at all-time record-highs. Real estate equities continued their recent outperformance this week on indications that the rate retreat will spark a revival across the long-floundering REIT sector. The Equity REIT Index advanced 0.4%. Billboard
A Summer To Remember
avatarBarcode
09-01
$Costco(COST)$  📈🎯💡 August's Market Mosaic: Winners, Losers, and Surprising Twists!💡🎯📈 Kia ora Tiger traders! August was a whirlwind for the S&P 500, with a market performance as colorful as a stock trader's dream chart! While tech titans either soared or stumbled, some unexpected pairings emerged as the month’s power couples. Let’s break down the heatmap highlights and find out who led, who lagged, and where the surprises lurked! 🎢 Tech vs. Communication Services: A Tale of Two Sectors 🎢 📉 Google's Red Day: GOOG (Google) saw its share price drop by -4.26%, thanks to the ongoing antitrust investigation that's got them feeling like they're on the Monopoly board's 'Go to Jail' square. Meanwhile, over in the tech corner, AAPL (Apple) +4.87%

Can we trust data revision?

Downward data revisions are the new normal: US retail sales have been revised down in the last 7 out of 9 months. This year alone, 4 months of retail sales data have been adjusted down by 0.2%-0.3%. In June, retail sales were revised down by 0.2 percentage points. First, the data comes in better than expected showing the economy is on track for a soft landing. Then the data is revised lower in the following month when attention has shifted to the new numbers. What is happening here?$S&P 500(.SPX)$  
Can we trust data revision?

My Watchlist [133]: SPY... Aug'24 Update.

Hi everyone. Today I’ll be giving a monthly update on the S&P 500 ETF: SPDR S&P 500 ETF Trust (ARCA: SPY) This time round, I decided to take a simpler approach to analyse SPY. Let’s center our analysis around the “COVID-19 Trendline” (green channel) - a trend that has been intact since the COVID-19 lows in Mar’2020. SPY subsequently broke out of the green channel and had a markup in trend (yellow channel). After breaking down from the yellow channel, SPY retested the breakdown before trading in a descending channel (in red) with lower highs and lower lows. It found support at the green channel support before making a full recovery. SPY traded in the green channel for about a year or so before breaking out of consolidation into the next markup (in yellow). It was trading in this
My Watchlist [133]: SPY... Aug'24 Update.

Nvida earning report in about 1 week

Nvidia$NVIDIA Corp(NVDA)$   just closed the day back over a $3 Trillion market cap Apple$Apple(AAPL)$   just closed the day higher for the 9th day in a row
Nvida earning report in about 1 week
The VIX has shot up to all time high this month. The last time we see VIX at all time high was year 2008, 2009, 2011, 2020 and now 2024. Any purchases done during such 'fear' period is always a 'buy'. With yields starting to fall, the market is poise for a sharp rebound. Remove your fear and doubt, and buy some stocks. It is also a good time to rotate out of investments that is not moving into quality stocks.
Market collapse? How to look up for investment opportunity?

Market weekly recap

LET’S RECAP: - Stock market saw BOTH its worst and best day in a year this week - S&P closes the week down just -0.04% - NASDAQ officially enters correction territory - U.S. recession confirmed by Sahm rule trigger - VIX skyrockets +280% to 65—near record high - S&P liquidity index drops worst since 1996 - Trump to be interviewed by Elon Musk on X Monday - SocGen: Investors unwind biggest carry trade ever (size of yen carry trade? $20 TRILLION!) - U.S. credit card debt hits record; delinquencies highest in over a decade - Canada’s youth unemployment jumps to 14.2%—unprecedented outside a crisis - U.S. debt reaches record +$35 trillion - Global central banks cut rates 35 times in 3 months—fastest since COVID - Japan's stock market sees 2nd-largest drop in history - U.S. recession od
Market weekly recap
avatarjayc
08-10
In such times, increasing cash reserves becomes crucial. Holding sufficient cash during market volatility can help avoid forced selling during downturns and provide capital to seize opportunities when markets stabilize.

US CREDIT CARD DEBT ATH RECORD

🚨CREDIT CARD DEBT HITS RECORD HIGH Americans owe $1.14 trillion—up +48% since COVID. Delinquencies hit a decade-high in Q2, with 10.93% of accounts 90+ days overdue. Borrowers are struggling the average credit card charging +20% —near an all-time high. Who can blame them?
US CREDIT CARD DEBT ATH RECORD