I am feeling very bullish about Baidu and Alibaba. To my mind, both appear to have a maturing bottom and a W pattern. Would this be a good time to purchase a call on either or both? Thoughts, please!

Rule based investing was made popular by Ray Dalio - The founder of Bridgewater (I believe) It is important because compare to intuition-based investing, rule-based investing solves a key problem The human element. Sometimes, I wake up and I feel I am not at my best Maybe my mind is foggy Maybe my two kids running around and screaming at me gives me a headache or maybe the market is going against me and it is just not my day Either way, there are a million reasons why I might not be performing at 100% on any given day As the market is challenging and everyone is using AI to invest, not bringing your 120% self to the market can easily spell disaster A human's emotion can be the trigger for disaster. That's why you need rules. Tested rules. Tested over and over again. It gives you a compass when you are not at 100% and still perform very well. Cheers, Eric ---- Eric Seto Chartered Professional Accountant (CPA) Chartered Investment Manager (CIM) Founder of 5MinInvesting.com In September, my goal is to help 10 people without a financial background to master investing through Investing Accelerator. Investing Accelerator is designed for people without a financial background. The goal is to achieve 30% return per year. In the first phase, you will learn long term investing and targeting 30% for tax free compound growth. This will help accelerate your overall wealth. In the second phase, you will learn monthly passive income to provide a more predictable cash flow (target 30% per year) which can cover your expenses. This will help accelerate your retirement goals. Here's a step by step guide on how to join Investing Accelerator for free: https://www.skool.com/invest-retire-community-1699/how-to-join-investing-accelerator-for-free If you are interested, then let's hop on a call to see if you can benefit from the strategies in Investing Accelerator and get 30% per year.

I'm planning to make a trade tomorrow for NVDA. Wanted to share with you all. The current price is ~182$. I took past 5 years of daily history and got the biggest single day drops. The highest drop is ~17% and the next highest is ~10%. Only 10 drops above 8% in the past 1000 days. Given that info, I plan to sell a (this Friday expiry) put tomorrow 5 minutes before market close (Earnings is after market close) and plan to close it 15 min after market opens. I'm looking at these strikes - 150 Strike which is 17% OTM: Yields 0.11% return. Very safe based on history - 164 Strike which is 10% OTM: Yields 0.61% return. The 10%+ moves happened only twice out of 1000 occurrences. So this is pretty safe as well - 167.5 Strike which is 8% OTM: Yields 0.81% return. The 8%+ moves happened only 1% of the time Given that I'm risk averse, I wouldn't go for higher strikes than this. Most probably will shoot for the 164 strike which is 10% OTM. I might also consider a put spread for 164/150 strikes fetching me 0.5% which is great as well and protects me from any tail risk. If the stock drops below my strike tomorrow, I'll look to roll it out for credit.

My family came from Hong Kong this week to spend some time with my kids during summer break. It is at these moments that I am reminded that ​happiness and money are two separate things.​​ While I am in the process of starting an AI income hedge fund, ​​​my family's presence brings me more joy than any % return I would achieve. My success is owed to my parents' care in nurturing me, sending me to a good university, and subsequently meeting my co-founders who I can trust and build a company with. The path to entrepreneurship is not easy (most say) ​​​And having a family that is supportive definitely helps a lot along the way. Happy Summer Break, everybody.​ Cheers, Eric ------ Eric Seto Chartered Professional Accountant (CPA) Chartered Investment Manager (CIM) Founder of 5MinInvesting.com In September, my goal is to help 20 people without a financial background to master investing through Investing Accelerator. Investing Accelerator is designed for people without a financial background. The goal is to achieve 30% return per year. In the first phase, you will learn long term investing and targeting 30% for tax free compound growth. This will help accelerate your overall wealth. In the second phase, you will learn monthly passive income to provide a more predictable cash flow (target 30% per year) which can cover your expenses. This will help accelerate your retirement goals. Here's a step by step guide on how to join Investing Accelerator for free: https://www.skool.com/invest-retire-community-1699/how-to-join-investing-accelerator-for-free If you are interested, then let's hop on a call to see if you can benefit from the strategies in Investing Accelerator and get 30% per year. During the call, we will map out exactly how you can achieve 30%, what you are lacking, how you can improve.

Historically, there are 2 months that generate very little return in the last 8 years. February and August. As we are stepping into August, one way to create more profitability for yourself is to short the market This can be done by buying shares of SQQQ (3x inverse ETFs) or buying a put option on some of the weaker companies you have been tracking Weak companies can mean - weak financials, weak technical pattern and also weakness around news / new product launch failures As NFLX, GOOGL, MSFT released their earnings, we observe a consistent pattern where they initially go up and dropping subsequently. This is a signal of weakness for August​ Cheers, Eric ---- Eric Seto Chartered Professional Accountant (CPA) Chartered Investment Manager (CIM) Founder of 5MinInvesting.com In August, my goal is to help 20 people without a financial background to master investing through Investing Accelerator. Investing Accelerator is designed for people without a financial background. The goal is to achieve 30% return per year. In the first phase, you will learn long term investing and targeting 30% for tax free compound growth. This will help accelerate your overall wealth. In the second phase, you will learn monthly passive income to provide a more predictable cash flow (target 30% per year) which can cover your expenses. This will help accelerate your retirement goals. Here's a step by step guide on how to join Investing Accelerator for free: https://www.skool.com/invest-retire-community-1699/how-to-join-investing-accelerator-for-free If you are interested, then let's hop on a call to see if you can benefit from the strategies in Investing Accelerator and get 30% per year. During the call, we will map out exactly how you can achieve 30%, what you are lacking, how you can improve. If you have any questions about the program, you can ask during the call as well.