Stock Transactions 2nd week Apr 2020

I’ve been thinking if it’s sensible for me to post my portfolio and transactions. I don’t want people to follow my transactions, and I may not post my buy and sell movements immediately.

I’ve also not quite been able to show my realised gains. My brokerage lumps all my previous transactions together, so I can’t just show my profit or losses on a particular trade. Stocks I sell on my margin account don’t show up either.

Still, these posts are popular and I write down many of my own thoughts of how the market goes. It’s a good record when I need to look back on why the hell did I buy or sell.

I want to be transparent and not just tell you I earned XX% during the crisis without any proof. It doesn’t really matter to me if it shows I crash and burn.

So here goes:

  1. Sold 37 shares of FaceBook at $169.22. Previously bought at at 150.46. Profit is about $650 after $40 trading fees.

2. Bought 40 shares of Johnson & Johnson at $137.56

3. Bought 35 shares of Microsoft at $164.60

I captured a screen shot of my transactions since the market downturn started. It’s nothing amazing.

The market rally has surprised me, like many others. I expected it to go down, especially after the incredibly bad jobs report. But you can’t really argue with the market. I’ve been buying at a slow pace. I could have bought a lot more but I have to be prudent and no one knows the bottom.

I also tried to flip Facebook for a small profit, hoping it would go back down again. No luck there, it’s gone past $170 since I sold. Seems like a dumb move now.

Even though I bought about $35k of new stock, I was actually a net seller of $60k. In a market rally! If I had just done nothing, I would have made more, especially when trading fees are added in.

Still, it’s stupid to look back like that. Things could have easily gone the other way. I don’t beat myself up too much, and I’m still glad I have some profit.

I’ve been feeling more optimistic around the current situation. I mentioned earlier that I watch the Covid-19 curve to see how cases are going. When the curve changes, that’s probably where. It has been flattening for key countries. China has gone back to work. Italy and Germany’s cases are falling. The USA’s peak will probably pass in the next 2 weeks. Social distancing does seem to work.

The remarkable thing about humans is that we adapt. We learn to stay at home. Businesses discover new ways of working and selling.

Ventilators and mask are being produced at a frenzied pace, and there will probably be a glut of the stuff soon. This will help prevent another hospital crunch, and governments will feel more comfortable with easing restrictions. A vaccine is on the way, at the fastest pace ever.

We’ll be ok.

There seems to be sort of a disconnect between the 16 million jobs lost and best week for stocks in 46 years. But the stock market is always looking ahead of the real economy, and it seems to be seeing a recovery. There is also incredible support from governments who are guaranteeing loans and salaries of workers.

Still, things will likely be dicey ahead and I wouldn’t declare a bull market just yet. Just buy what you can lose, and don’t look at it for 1-2 years.

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