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August P/L Challenge: Have you been active in trading this month?
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Big Tech Earnings Month, My Report Card

This is a month of earnings! Many of the big tech earnings reports are actually affecting my overall portfolio heavily. $Meta Platforms (META.US)$ $Amazon (AMZN.US)$ $Tesla (TSLA.US)$ $Apple (AAPL.US)$ $Advanced Micro Devices (AMD.US)$ $Microsoft (MSFT.US)$
Horrible start for the first few days of Aug with big losses in the order over $15k to about $25k! It was heart broken to see with an accumulated loss of over $65k!
This last week of the month is all about $NVIDIA (NVDA.US)$ . I have quite a large position in it and the high expectations that caused it to go down did quite a damage to my overall gain - down in the order of $23k. But that quickly recover the next day although it is not a full recovery.
Now we are at the last day of the month, having an overall monthly gain of about $10k. However, I will end the month red if the market tonight is not doing well.
I only do a handful of trades in this month, increasing my position in $Arm Holdings (ARM.US)$ and $Alphabet-A (GOOGL.US)$ , sold one of my longest position in $Tapestry (TPR.US)$ which has been very disappointing in term of gain although I didn't lose money on it. Also cutting losses in $Intel (INTC.US)$ which is doing so bad on its outlook.
Looking back, I would like to do more calls especially for my position in $GraniteShares 2x Long NVDA Daily ETF (NVDL.US)$ , to cover the cost of the daily reset on leveraged ETF. It is not recommended to hold leveraged ETF long term, but I will still hold and experiment to see how it turns out to be.
Big Tech Earnings Month, My Report Card
Big Tech Earnings Month, My Report Card
Big Tech Earnings Month, My Report Card

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