GM. Thanks for reading Boring Data.

Here’s what I have for you today:

Table of Contents

• Mid-week Portfolio Update

• Late Night Thoughts

Mid-week Portfolio Update

Here’s a glance at the Webull paper trading account. If you missed out on our strategies post you can find it here. 

My goal is to outperform relevant market benchmarks (e.g., S&P 500).

I reported on $TMCI a few weeks ago while there was still heavy accumulation.

I actually took this trade 2 times

• The first was with my personal account, so real money (I had an average of $6.01)

• The second was with the paper trading account (average of $6.22)

On June 4th, John Treece purchased $3 million shares, and his brother James Treece purchased $2 million.

• Richard Mott +135,000 shares

• John Blackwell +130,000 shares

• Jain Deepti +25,000

• Jane Kiernan +19,356

From today’s chart you’ll notice that we’re trying to break out of our consolidation, the question is can we hold above it?

2nd trade was on $CLOV

Vivek Garipalli, a director and Ex-CEO of Clover, purchased 877,567 shares at $1.14 each, totaling over a cool million dollars. This went down on June 17, 2024.

I’ve always been a big fan of breakouts, and I tend to shape my strategies around breakouts. Occasionally, I get a little too eager and take the trade early to secure a good price average.

I have a solid $1.33 average here which isn’t terrible but I definitely should be more patient next time.

Late Night Thoughts

(A bunch of trading related thoughts)

Someone on Reddit asked me why I don’t just do a simulation. Simulation is great for verifying a strategy, but not emotion.

I like to take my trades personally and over the years I’ve been able to let go of the fear associated with trading, but one thing I still struggle with is getting overly excited about an opportunity.

Imagine this, you’re on Twitter and everybody and their mother is talking about GME. Your parents, grandparents, neighbors, professor, doctor… you get the point. Everything is telling you to get in before it’s too late before the metaphorical rocket ship takes off without you.

But what I now understand (painfully), is that by the time everybody knows about it, that rocket ship has already landed on the moon. Now, it’s making it’s way back down. This game is all about the last loser.

What is the last loser? The last loser is something I made up that is directed to those guys that are the last people to buy a stock, you know the ones that are basically exit liquidity for everyone else. The ones who believe pigs can fly and HODL is a cheat code. In every stock, there is a last loser. You see them on Twitter, on Stocktwits, on Reddit, and on every forum. Complaining and moaning. This game isn’t for them, if you have time to complain then you have time to analyze your trades and find out what went wrong.

But, what I’m trying to say is, don’t be that guy. Don’t be the guy that buys after the breakout while it’s already up 100%.

Be the guy who is meticulous and robotic.

Don’t be the last loser.