February performance was abysmal, driven largely by the sell-off over the week. I haven’t had time to update on the positions, but will cover them here in this report.
I was stopped out from the SNOW 0.00%↑ and DOCN 0.00%↑ longs which I had planned to hold into the earnings release cause I expected a positive reaction, and I also sized up significantly on those two trades due to the level of confidence. However, the market sell-off impacted this positions and the unrealised gain was eroded and closed at a loss.
SNOW 0.00%↑ and DOCN 0.00%↑ eventually did beat earnings expectations and the reaction was positive. However, right idea wrong timing and execution doesn’t get you paid:
I exited the long CORN position as I noticed slow-down and was also flat on EURUSD longs over the week. The trade on KO 0.00%↑ shared in the subscribers chat also delivered positively.
I executed a long on SNOW 0.00%↑ post earnings release, so I will be holding that into next month. This is the update on trading actions and portfolio performance over the month of February.
As we move into March, the dynamics to trading the market are obviously different from last year, challenging and requires more tact.
Cheers,