October represented by far the best month of the year for my CFD trading side hustle, driven by Q3 earnings expectations and results. 12 trades were closed over the month, for a total profit of $5,824.95.
Most of the trades made involved the usual suspects on my watchlist, Netflix, Facebook, Tesla.
Facebook, despite their privacy concerns and concerns of slowing growth due to saturation, is still proving to be a revenue beast, gobbling up ad share whilst ramping up new inventory on the Stories format. Their stock is cheap, and I’m sure they’ll be back above $200 before the end of the year is up.
Netflix has been under pressure since Disney’s announcement of their own streaming product, but Netflix has proven to be King of streaming with years of executional experience and a string of proven hits under their belt, and these hits keep people coming back to their service.
Tesla, let’s face it. EV is the future, and Tesla is the runaway leader in both infrastructure and EV sales so far. They are also one of the most shorted companies, so any positive news will surface an epic short squeeze, as seen over their last earnings. I wasn’t sure they’ll have a good quarter, so I pulled out before they reported earnings… otherwise the month’s numbers will be radically different.
Then again, the reverse can be said for both Twitter and Shopify. Lesson, set your goals, take profits and be happy.
On the personal front, we took a nice vacation to Perth and Margaret River. Singapore, being a concrete jungle, we took any chance we got to bring the boys to nature and animals.
Here, I just have to give a shoutout to Margaret River Hideaway, a perfect getaway for the Singaporean family. This was our 3rd time back to Margaret River, and we’ve stayed here every single time. Love love love it.
