The instability of the US dollar triggered massive sell-off in US treasuries. Coupled with the AI race not only to beat the competition, but in terms if raw materials, particularly metals, silver and gold rushed into all-time highs, attracting more fund inflow into this safe haven commodity to hedge against the depreciating US dollar.
Gold related stocks were pushed to all-time highs together with gold itself. Major AI participants stepped up their game and maintained their bullish trend this month.
Having opened my trading account for a year, I'm somehow surprised that despite sinking myself deep into losses (probably about 4k+?) early last year, I managed to recoup my losses by this month! So is that how trading works? If yes, then congrats to me, I just found out how to play the game. The next step is to survive the game.
This month Rex International bumped up my profits (again). And thanks to this new IPO stock Toku, I netted a few hundred. Since I had some profit as buffer, didn't feel that painful to cut losses for some stocks (GKE, Top Glove).
Still learning how to cut and reduce properly. I found that this month I tried to exit a tad too early for Top Glove and Rex; could have exited at a higher price. But nevertheless, at least my bearish bet was generally correct; the stock slid back down to mid 0.190s after touching 0.205.
Keeping a chunk of Toku still, see if any angel BBs would like to pump some hot money in. In the meantime, Feb shall sit and wait for a few more opportunities.
Update #50:
