You didn't get it. I am not blindly buying anything, or in the hope of something. ONLY if there is a predefined pattern that can be profitable. Even with this leverage the whole portfolio was fluctuating not more than 1.0-1.5%.
Of course, there was some luck eventually, as I was going to get only about 8% by the end of the month as I told them.
Yes, I DO "get it." What was the "predefined pattern" that led you to believe AMZN would gap up 65 points? Did you make a comprehensive fundamental spreadsheet analysis based on earnings expectations that would justify the post-earnings valuation? In other words, what was your conviction to place such a concentrated bet on a single position?
Ok, so you thought you were going to get 8% and it ended up much more, which as you claimed was "some luck eventually."
What I wrote was you have to predict the exact move in after hours on a momentum stock over earnings such as AMZN, and it's always going to be after the fact hindsight 20/20. Some analysts are very good and can game the quarter, and thus the hedge funds make those type of bets.
Last edited: