I have recently taken some profits and did some short term plays – trades I held for under two weeks. Some updates below.
- I sold my position in Air Lease Corporation – This was one of my top recommendations. It was a good recommendation. I made 22% on this stock over a 7 month holding period.
- I bought SNAP and LAC.TO two weeks ago. They are both stocks I recommended against investing in for long term. You can read the reason for Snapchat here and Lithium Americas Corp here. However – I had noticed some short term trends in these two stocks – a range the prices oscillated in. So I made some short term trades. These kind of trades can be extremely speculative and high risk in nature. In these two cases the trades paid off !
- I made a 5% return on LAC.TO in under 2 weeks and 4.38% on SNAP. Not too bad for short term trades. The only regret I have is that I should have held both a bit longer.