Last week of the Q1 competition!
Results: accuracy slightly off, still profitable, 20% up in 2022!
Welcome back dear subscribers! The competition is officially open for week 10 in Q1 2022, our last week in this quarter. This means our first competition in 2022 ends this week and we’ll have our first winners soon!
The leaderboard is updated and available within the app. The competition at the top is fierce, as you can see. Still 4 people in the mix to win it.
As always, get in, have your say on our 5 indicators and 2 stocks, take opportunity from our early info on price targets, and keep pushing for that $2000 prize!
We start the Q2 competition next week already (again for a $2000 prize), so make sure to participate regularly to compete. Persistence pays off in this game.
Note: If you haven’t already, don’t forget to leave your email after you finish the prediction, so that we can send you early results on Wednesday - see the end of the post.
In terms of performance last week remained profitable despite a missed direction in most indicators. Our precision was OK (<2% for DJI and S&P), but our accuracy was off. It was another week that ended higher, whereas the BASON saw it going slightly lower that its Tuesday close (and higher than its Monday close).
AAPL and TSLA in particular were the drivers last week, going up 7% and 13% during the week. So obviously a big miss there.
Profits for the week
Last week we did the following:
…we sold the 440/441 to 453/454 SPY 25/03 iron condor (10 contracts) for $460 immediate gain. We didn’t go for any puts this time, given that the predicted direction is likely to end up close to where the markets were yesterday when we made the trades. So neither a call nor a put would earn enough to offset their risk exposure.
Also we sold the 157.5/160 to 175/177.5 AAPL 25/03 iron condor (10 contracts) for $480 immediate gain. Stop-losses are set at 30%.
Well, a better prediction would have enabled us to profit from a SPY call in addition to the two iron condors. And luckily, the condors were wide enough to just barely finish within their confidence intervals, meaning that we remained profitable.
In particular, we made $432 on the SPY iron condor, and $396 on the AAPL iron condor, or $828 in total last week.
In total, our portfolio is now up 20.7% in 2022.
Overall, since we started the survey, we are up 151%.
$10,000 invested in the BASON since May last year would have given you $25,077 by now, whereas the same $10,000 invested in S&P500 would have given you a slightly improved $10,835. The gap is getting larger and larger.
…join the competition!
Participate in our survey competition regularly to get our predictions on Wednesday and take opportunity from our early info on price targets.
NOTE: Remember, by participating in the competition and leaving your email in the user profile, you get our predictions before everyone else (on Wednesday after the markets open). Leaving your email is the only way for us to contact you. If you want it, ofc.
DISCLAIMER: This prediction survey is still in its testing phase. Neither the survey nor its results act as investment advice of any kind. The results of the survey need not correspond to actual market preferences or trends, so they should be interpreted with caution. Oraclum bears no responsibility for your investment choices based on these predictions.
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