8/31/2020 Shorted AAPL at 130.8 and TSLA at 487. Decided not to hedge with QQQ and took a smaller position instead.

bigfry Category1 August 31, 2020 1 Minute

Hi everyone. I decided to short AAPL at 130.8 and TSLA at 487. I picked the price based off when I woke up today (just now at 11:40 AM mountain time).

My original plan was to hedge the short position with QQQ, but the upward move today made me very uncomfortable, so I decided to use a half position size on my AAPL and TSLA short.

My stop loss and profit exit are still the same – I will risk roughly 2% of my entire account in an attempt to make 6% (instead of the original risk 4% to make 12%). Since this sizing is a bit smaller, I could turn my AAPL short into a covered short by selling puts.

Have a great Monday!

Published by bigfry

Hi, I’m Nathan. I majored in Finance and minored in Piano Performance at Boston University (graduated in 2020). Outside of trading/investing, I enjoy programming, teaching and playing piano, teaching and playing Go, fishing, and watching anime. I also started my own Boba company while at BU. I'm currently teaching Go full time, which has been the best job I could ever hope for. I'm also currently attending the App Academy bootcamp which started in January 2023. View all posts by bigfry

Published August 31, 2020

2 thoughts on “8/31/2020 Shorted AAPL at 130.8 and TSLA at 487. Decided not to hedge with QQQ and took a smaller position instead.”

vamsu (@vamsu) says:

September 3, 2020 at 2:01 PM

Came here to say your timing is amazing 🙂

Good work as always.

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1. bigfry says:
  
  September 3, 2020 at 2:06 PM
  
  Thank you, I’ve been getting really lucky recently
  
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