Recent content by universaller

As of yesterday (6/8/2023):

As of yesterday (5/17/2023): Since I took over the management control of this OTC company (Labwire, Inc), my trading P&L is not moving much. I feel like I'm back in my early 30's when I co-founded a p2p lending platform (exited) and a bio-tech (now traded in NASDAQ), and it's challenging as I...

This wasn't my first time but it seemed that IB placed orders with their own markup on option orders. Here, I placed a short call on IEP at $6.25 but IB placed it as $6.30. Does anyone have a same issue?

On Jan 2020, I pulled out 90% of the capital out to buy a house without knowing how severe covid would be. With 10% of the capital, I did have a large loss since they weren't hedged at that time. On Mar 2020, I started adding back the capital after I completed buying a house. During covid, I...

As of this Monday (4/24/2023):

As of last Friday (4/14/2023): Trading is not easy - had some losses when SIVB/FRC went under. As a result, I'm still sitting at 30% YTD return...

As of yesterday (3/30/2023): This month was tough as I had some exposures on financial sector that I thought I traded conservatively.

and UBS bought CS today =)

Yes, it's good to have something hedging against the trading. I walked out on those two deals as they both had two separate books - one for IRS and one for themselves. On their tax returns, they made nothing while they claimed that they made over $100K each per year without any paper to support.

As of yesterday (3/8/2023):

As of yesterday (3/3/2023): I decided not to acquire those businesses since I should stick to what I can do to make money.

Definitely lower in return but both businesses are passive. Right now, I'm in due diligence but they don't seem promising as their actual numbers are quite far away from what they told me. In terms of returns: Gas station is about 8% Franchise is about 15%

As of yesterday (2/27/2023):

As of yesterday (2/24/2023): I'm in the process of pulling some capital out to acquire one (1) fast food franchise and one (1) gas station. I feel like there may be a market direction that I can't predict in near future.