WYMTW - EP. 17
3 Types of Trades & New Money Management Firm
Here is a recap of what you missed this week (WYMTW).
The video is below, you can subscribe to that, and I am opening up Q&A again for a weekly Q&A on these posts. Email in to submit - Q&A is at the end of this week.
The LongVol Report is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
Review an 8-minute clip on a members video recap from this week.
NVDA & SMCI directional trades from members this week (profits)
NFLX Printed +$50 in 2 trading days this week (I highlighted this Sunday night)
This is a 3-day weekend and it could not come at a better time as I’ve been studying for this series 65 exam - this is an exam that you need to become a “Registered Investment Advisor”.
Fun fact, I took the series 7 when I was 20 at Charles Schwab.
This exam was a bit more difficult.
Simple terms: it’s required to manage money and charge fees. When you run a hedge fund (private partnership) you don’t need it but we are running a model with separately managed accounts meaning the capital is NOT pooled and stays in each clients account at Schwab or Interactive Brokers.
Plus, I’m building out a Wealth Management division so you need the registration and license for that as well.
I put together a great team for the firm and this is my next major endeavor and something I’ve been after for the last 5-6 years but just got distracted with other business endeavors.
Tomorrow is the Monaco GP and Wake Surfing day then Monday is a lounge day, hard to beat this weekend and even better passing this exam.
The Market at Large
This week we had Fed Minutes which I shared a few thoughts on in the portfolio recap for Members in the AST Portfolio.
$524 still sell side control area on SP500
$535 then $540 and above that $560
Will update in The New Report Sunday the rest
I’ll get into the detailed outlook in Issue 22 of The Report Tomorrow.
Make sure to subscribe.
3 Types of Trades/Investments
If you are a subscriber to this site I break down application of the report and investments either in special member posts or the Daily Market Briefs.
Disclaimer: this is a lot to digest if you want an “easy approach” or don’t want to mentally work through this then don’t watch, use the AST Portfolio and make it easier.
I am simply going to go through this on this weeks episode because I’ve had conversations with some members the last month about this and I am going to give you an overview here.
In depth discussions and further insights can be found as a paying member.
Technically driven ideas
Macro/Fundamentally driven ideas
Event-Driven trade ideas
Disclaimer: this is a lot to digest if you want an “easy approach” or don’t want to mentally work through this then don’t watch, use the AST Portfolio and make it easier.
I am simply going to go through this on this weeks episode because I’ve had conversations with some members the last month about this and I am going to give you an overview here.
In depth discussions and further insights can be found as a paying member.
Q: Why all 3, why not just one strategy:
A: There is nothing wrong with one-strategy but usually that is an amateur/beginner I am 2-3 years into this approach. This approach allows me to look at ideas and find the “best” scenarios to allocate capital too.
Q: Does Macro Matter?
A: Subjective to each person. To the person trading momentum and correlation in Momentum Monitor Stocks, NO. To the person looking at Special Situations/Companies with a macro element obviously YES. But being able to be fluid across both mental frameworks is a skill to acquire and a benefit to your investing.
Thanks for reading,
Dan
📘 Want more of this? Read Trades v. Investments
🕝 Want me to do the research and structure swing-trades? Get a Free 21 Day Trial
🖥️ Learn to generate long/short investment ideas on your own - The FOPT Training
This article is presented for informational purposes only, is an opinion, and is not intended to recommend any investment, and is not an offer to sell or the solicitation of an offer to purchase an interest in any current or future investments. Any such solicitation of an offer to purchase interest will be made by a definitive private placement memorandum or other offering documents.