Wednesday June 28th Ukrainian Constitution Day.

Glory to Ukraine and its Constitution Day!

Since I didn’t have any trading activity yesterday here is just a little reflection.

I don’t take market analytics companies news seriously for a while now, after I saw them giving false forecasts and attempting to hide them from archives after. I also them saying one thing and then saying totally opposite thing next day. Not only instead of real hints they will tell you whatever works best to sell their subscription. More dangerous stuff is that they just lack business understanding end economics while being great at reading market graphs.

I strongly believe understanding, or at least attempting to understand the business of the company or global trends economics and politics is way more important than being able to read stock exchange graphs. What’s the source of this kind of information? At least read The Economist, I doubt it many market analytics do based on the level knowledge they demonstrate.

One example I wanted to give is forcing of the term “AI hype” hinting ai stocks prices growth is a bubble. What if it is not hype? The role of AI is already unprecedented with a trend to grow. Examples are numerous starting from self driven cars to banking, to first responders work management and so much more. it can be a good homework to make a list of 30 applications of AI where its role is growing.

Now with some preparation I have to admit the market is still has big part of gambling and since I’m ready to lose it all I’m sitting on two AI stocks TSLA and PLTR as of now, which are recovering little by little from last week turmoil. FL (Foot Locker) is an ugly duckling in my portfolio still fluctuating around 26-27$ mark and I need it 30$ to break even.

TOTAL RESULT OF THE DAY +330$ (Canadian dollars)