HaiKhuu Daily Report 3/02/2023
Good morning and happy Thursday! Markets are down and are not looking the best at the moment, with $SPY down slightly from the close yesterday. I hope you all have been capitalizing on the opportunities that are presented to us recently. There has been a significant amount of bearish momentum in the general markets recently. Lots of traders are making a significant amount of money, and many more traders are having a difficult time in these market conditions.
If you are consistently making money right now, keep up the consistency and continue trading the way that you are. Be careful, as this consistency can get to your head. Great job in the markets, as it is not easy doing what you are doing, but do not be greedy, and I will always advise you to practice safe risk management and take profits sooner rather than later.
If you are unfortunately losing money in these market conditions, reflect on what is causing you to lose. Figure out what problem you are having while actively trading, and understand why you are having that problem. Ask questions to experienced traders, and learn from your mistakes. Everyone has been in your shoes at one point or another while actively attempting to learn how to navigate the markets, and a lot of people are going through what you are going through. Do not be upset with yourself, and do not worry about short-term losses. You should decrease risk, reflect on your strategy and figure out how to consistently make good trades.
Becoming successful in the markets is best described via trial by fire. You need to get burnt and hurt before you can become truthfully become a successful trader and understand the mindset you need to be in to understand how to navigate the market on a consistent basis. We can always tell you what to look out for and be cautious of in the markets, but you will need to experience some mistakes before ultimately understanding how to remain consistent in the general markets & learn to set emotions aside.
The goal of trading obviously is to make money, but you should focus on being consistent. Because if your goal is to make money, the by-product of your trades is that you are willing to take on more risk to achieve your goals, thus resulting in you taking on larger losses. By making your focus on consistency in the markets, you will make great trades, and the by-product of your consistency is money.
Targeting one goal will make you money in the short term, and the other goal will make you money over a lifetime.
Chose the wise option, and do what you can to improve your strategy, minimize risk, and remain consistent.
Thoughts & Comments from 3/01/2023
Yesterday was an extremely choppy day for the markets, with no major significant movement over the span of the day. When I say no major significant movement, I am talking about pure % change from open to close. We saw some crazy intraday fluctuations in the markets that resulted in us watching as the markets chopped out a significant amount of traders and caused them to realize some losses.
$SPY opened the day trading at $395.45, up from the previous close, and started to rip right at open, where we made our official high of the day trading at $396.68 before starting the chop. Once we rejected that level, we went on to sell for the next half hour, with us making a relative low just above $394. We quickly came back up and went green for the day, where we quickly came back up the $396, but once we rejected that level, we came back down again to make our official low of day trading at $393.38. Showing relative weakness in the markets.
We did come back up to test $396 once more, but as expected, we rejected that level once again and sold off for the majority of the rest of the day. Going into power hour, we did test an opportunity to make a new low again but did come up ever so slightly into the close, providing us with an opportunity to make a bullish trade into the close. We ended the day with $SPY trading at $394.74, down $1.52 from the previous close, or roughly down -0.38%, with an intraday bearish movement of -0.16%. As I said before, the markets were relatively flat on a day-to-day basis, but if you take into account the intraday movement, there was a significant amount of chop that presented traders with a great opportunity to realize some gains or get severely burnt in the process.
Great job to anyone who realized and significant gains yesterday, and my condolences to anyone who was burnt yesterday. It was a tough day for the markets, so do not kick yourself if you were down, and make sure to enjoy the rest of today!
Thoughts & Comments for Today, 3/02/2023
Today will be an interesting day for the markets. With $SPY rejecting the $400 resistance again, I have to advise relative caution in the general markets for the chance we do come down again in the short term and continue to come down in the grand scheme of things. Please be careful actively trading today as I am expecting a significant amount of chop, making it difficult for traders.
There will be many great opportunities to trade today, but they will be difficult to spot in real-time. I am expecting most traders to get burned today, but I also do expect a small group of traders to make a significant amount of money. This is not the time to actively increase risk in the general markets and still remain relatively cash-heavy to limit the amount of exposure you have at the moment. We will start to see amazing opportunities to add to our positions in the near future, so please just continue to be smart with scaling into your positions and assuring that you are practicing safe risk management.
I have started to add to my first personal equity bag position, I am in $RIVN and will continue to add more over the coming weeks. I anticipate adding a significant amount to both $RIVN and $GOOGL slowly over the next three months as there will be more opportunities to scale in accordingly.
When I get into any of these positions, I will let you all know in real time on the HaiKhuu Discord. Until that happens, please be smart and safe while actively scalping and trading today. Practice safe risk management, and realize some gains quickly. Cash is king in these current market conditions, and realistically, over the course of time, as long as you are able to remain solvent while the markets are acting irrationally, you will be able to capitalize on better market conditions, which we are expecting towards the end of 2023.
Be safe not only today but for the next couple of months, and good luck trading! There should be a great opportunity to realize a significant amount of gains, so let’s seize the opportunity and have some fun!
HaiKhuu Proprietary Algorithm Report:
Yesterday was an alright day for the markets, and all of the systems worked as expected in comparison to the general markets. With $SPY being down, our neutral strategies outperformed the markets, as well as our general LTP, which is a great sign, but our technical analysis via the algorithm unfortunately underperformed. This loss that was incurred was not significant in any way, shape or form, but it does provide us with some data on how to actively improve our systems in the short term.
Great job to anyone who was able to realize some gains from the system in real-time yesterday.
The results of yesterday are as followed:
Baseline:
$SPY: -0.16%
Our Results:
Market Neutral: +0.14%
Sector Neutral: +0.11%
Long-Term Portfolio: -0.01%
Variable Sector Neutral: -0.03%
Variable Market Neutral: -0.14%
Base Algorithm: -0.48%
For today, please be careful taking any general alerts. Markets should perform prospectively better as there is more confidence going into the new month, but as a result, I want to warn you all to be careful of the general market consistency at this point.
Cherrypick your favorite positions that you believe will outperform and realize some gains when given an opportunity to do so. Set stop losses and increase those limits to guarantee some profits!
DISCLAIMER - This is not financial advice. Utilize these trades with caution. These predictions are generated via our proprietary trading algorithm without taking into account market conditions, news, or any external biases. This is not a signal to buy or sell any equities, and we do not guarantee success. Take these at your own risk.
My Personal Watchlist :
Note, just because something is on my watchlist does not mean it is a signal to buy or sell any equities
Watchlist:
$SPY , $RIVN, $BABA , $TSLA , $NVDA , $F , $GOOG/L , $AAPL
Free Equity List:
Safe - $SPY
Risky - Don’t play anything risky.
Position Opportunities:
Start allocating slowly into the markets
Invest in smart positions that you have confidence in
Start taking profit on shorts & hedges
Start DCA-ing in positions you want to hold over the course of time.
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN
Economic News for 3/02/2023
Initial jobless claims - 8:30 AM ET
Productivity (revision) - 8:30 AM ET
Fed Gov. Waller speaks - 4 PM ET
Minneapolis Fed President Kashkari speaks - 6 PM ET
Notable Earnings for 3/02/2023
Pre-Market Earnings:
AerCap Holdings (AER)
Anheuser-Busch (BUD)
Best Buy (BBY)
Big Lots (BIG)
Burlington Stores (BURL)
Bilibili (BILI)
Hormel Foods (HRL)
Kroger Co (KR)
Macy's (M)
Toronto Dominion Bank (TD)
After-Market Earnings:
Broadcom (AVGO)
Costco (COST)
Marvell Technology (MRVL)
Dell Technologies (DELL)
Hewlett Packard Enterprise (HPE)
The Cooper Companies (COO)
Zscaler (ZS)
Samsara (IOT)
Elastic NV (ESTC)
ChargePoint (CHPT)
Wrap up
Overall, be careful with the chop in the current market conditions. There will be some difficult times in the near future, but as long as you can remain solvent while the markets are irrational. You will be in a good spot. Please practice safe risk management and limit your general exposure. Have cash on hand to capitalize on the bullish short-term momentum. There will be a lot of opportunities to make some money over the next couple of months. Cash is king.
Be smart over the next couple of months.
Good luck trading today, and please be safe!