ROBINHOOD Tracking : This is the end

This is the end, beautiful friend

This is the end, my only friend

The end of our elaborate plans

The end of ev'rything that stands

The end

No safety or surprise

The end

I'll never look into your eyes again

It seems Robinhood decided to restrict (read "sell for money instead of providing for free") access to its public API based upon with sites like Robintrack  worked. Certainly it would be another potential source of income to Robinhood, but it means that my experiment has to finish. In any case the performance was disappointing so I am not shedding any tears.

 

3 months ago, for a fun social experiment, I created two indices to track Robinhood Traders performance. Going forward I am not going to rebalance the indices. I am leaving the tracking on with the last set of stocks which you can track below anytime. 

ROBINHOOD Tracking : July rebalance results

2 months ago, for a fun social experiment, I created two indices to track Robinhood Traders performance. So far the performance of Robinhood has been disappointing. Let us see how the month of July has been.

ROBINHOOD Tracking : June Rebalance Results

In June 2020, for a fun social experiment, I created two indices to track Robinhood Traders performance. This is time for first rebalance and report card. Let us see how they performed compared to broader market.

..... drumrollll .....

ROBINHOOD Tracking

A lot has been said about Robinhood traders on social media and in trading & investing circles. Some call them bag holders while others call them dumb money. They have been blamed for large inflows into ETFs like USO or JETS when the seemingly "smart money" was heading for the exit but if you look back many of these "popular" stocks have done well. So the question is "are the Robinhooders, as they are called, really dumb money or is this just a cases of wall street smarty pants being a little jealous of common man making some dough?" 

Let's find out !!

BTFD

What the f*** is BTFD?

I have no internet today. Trying to get along on iPad with mobile network. May be this is good for both $AAPL and $FTE (France Telecom) both of which I have bought.

Since I am forced to spend too much time on twitter, I came across once again and again and again the term BTFD. What does it mean? May be I am missing out on some special technical indicator.

So I decided to solve the riddle and throwing all my procrastination aside, I googled the term.

BTFD - Buy The F***ing Dip.

Is that it? The secret sauce? The holy grail? The bushy fountain? (ok let me stop here). No wonder I was on wrong side of this whole bull market :-)

BTFD - that's all you want.

BTFD - that's what we all must do.

More details here

I am off to BTFD.

Meanwhile enjoy a sample of my new art on iPad.

$BCOIN : My experiments with Bit Coin

They say this is one currency no government can control.

What it is, how it is used and why you should care. 

The recent crisis in Cyprus where the banks have not opened for this week and there is a growing fear that "if and when" they open, there will be a bank run there is a lot of talk in blog-sphere about getting your freedom from Govt. controlled currencies and in that aspect BitCoin is one such currency which grabs your attention. I wanted to write a detailed post but thank to +Geoff Taylor's comment on my facebook post I got this excellent link for "all you want to know about bit coin". After this there is not much point in repeating what is already said and instead I created this post to note my experiments with $BCOIN - a new entrant in the forex market. 

So, as a start I got my BitCoin wallet. At the time of writing the bit coins are trading BTCUSD 73.0000

I am yet to open accounts with exchanges and may be buy my first bit coin. However if anyone is feeling generous, please feel free to make a donation to bc1q4fsqzwrc5u8g6ewwmqrscyz97csvewacda5t9g

I will keep updating the comments on this post to add more of my experience with BitCoin.

Jogging Through Historical Mottingham, Chislehurst, Petts-Wood and Bromley

Nearly 10.5 miles route via gentle hilly terrain.

World war II gun site, wood lands and parks.

To celebrate completing 125 miles (nearly – just 2 miles left – it can be called a rounding error) running since I started using Runtastic app for tracking my jogging activities, I decided to write about a new route I took this weekend. Since I started using Runtastic I have managed to use it in 3 countries. My last post about running in Hong Kong is here.

I try to do a moderately long run (6+ mile) every weekend. Well it may not be long by standards of some who run a marathon or longer but for me who started road running since July 2012, it is long enough.

What amazed me is that in our usual day to day chores we forget to witness many historically significant spots. For example I could not imagine that a place near my daughters school, just 70 years ago was a world war II gun site protecting London. The dark skies above the rolling woodlands constantly lit up by the gun fire and the silence of night broken by the the splattering sound of shots and clanking of shells falling on concrete floor below.

The weather was too cold and freezing for me to remove my gloves and take pictures from my blackberry. Instead I took mental notes and then searched internet for the links of the places I passed on this route. None of the pictures (expect the screen shot of my phone above) are mine and copyrights of the original owners are duly acknowledged.

The Route

Jogging at Bowen Road HK.

Something new to do in Hong Kong

Hidden gem in Hong Kong

Central Hong Kong is a congested city with narrow footpaths and roads filled with cars. Not a place for jogging given uneven surfaces and pollution. But hidden in City's heart are some places which will take you away from the hustle and bustle of the city and rekindle your energy levels. I have been to HK several times but most of the times my idea of fun has been to spend a crazy night in LKF and get up next morning with a headache only to find that hotel breakfast is served until 10:00 and it is nearly lunch time. Well this trip was different. Lately I have taken up running long distances at leisurely pace (jogging at 10-15 minute per mile) and like a tiger looking to mark its territory I have also taken up the desire to run in each new place I go. This also ends up being the best way to know a city and its residents.

This post is about my latest jog at Bowen Road in Hong Kong. Close to Central with 8-10 miles run engulfed in nature enjoying great views over the Central and Wan Chai area from a vista point you can barely imagine in Hong Kong.

Super Bowl and S&P $SPY

Sitting at the airport after a cancelled flight here is an interesting statistics for super bowl to munch as food for thought. h/t to FT financial times .The only business news paper I care to read and trust.

Last 2 times S&P was above 1500, next year after Super Bowl it fell by a combined total of both team's score. Going by this massive correlation :-) it would seem the American investors and possibly word would hope and pray for the best outcome of 0-0 tie. For entertainment watch Beyonce who is claimed to be well rehearsed and won't do a Milli Vanilli this time.

$AAPL : What are you doing with your $AAPL holding

With the stock down 35% from top what are "real people" doing?

Buy, Hold, Sell, Short?

It is no secret yesterday's price down in AAPL was dramatic. Very high volume traded and the stock dropped nearly $63, largest absolute drop (in % terms there have been bigger drops in past) in a single day. Market cap equivalent to many NFLX, RIMM, even some countries GDP was wiped out.

But so far, it seems the pain is felt by over leveraged, momentum chasers, hedge funds type OR computers churning stock from one register to another. I am interested in knowing what are real people doing? People like you and me. 

I am sure you would have stories to say. When you bought AAPL? What was the lowest price you paid? Are you still holding that?

On Lighter Note $LOL

When there is not much to do

We can at least laugh.

How do you know market is trading against you?

Place a limit order. If its filled you are on wrong side. (lol)

Keep reading the comments and feel free to add. Lets bring a smile on our faces.
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Testing 1…2…3 Testing …

 

It has been such a long time away from here that it feels like eternity. But looks like I will be coming back soon with analysis, home work and other comments and information.

Feeling like a monkey .. anyone!

As heard from Diablo - a fellow trader (click for full discussion)

Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for $10 each. The villagers, seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at $10 and as supply started to diminish, the villagers stopped their efforts. So the man announced that he would now up the price and buy at $20. This renewed the efforts of the villagers and they started catching monkeys again.

Soon the supply diminished even further so the offer increased to $25 each and the supply of monkeys became so scarce that it was an effort to even see a monkey, let alone catch it! The man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now buy on his behalf.

In the man's absence, the assistant told the villagers. "Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when the man returns from the city, you can sell them back to him for $50 each."

So villagers rounded up all their savings, and bought all the monkeys from the assistant. They then sat back and waited for the man to return from the city. However, they never saw the man, nor his assistant, ever again... only monkeys everywhere!

Welcome to the Stock market.