Post-Trade Analysis: Long Position SONY/Short XLK
Real Vision: Finance & Investing
Real Vision
4.1 • 1.1K Ratings
🗓️ 6 February 2022
⏱️ 15 minutes
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| 0:30.2 | Hey everyone, thanks for tuning in to the weekend edition of the Real Vision Daily Briefing. |
| 0:34.9 | Here's Weston Nakamura to break down everything you need to know. |
| 0:40.6 | Hey everyone, Weston Nakamura from Real Vision in Tokyo. Okay, flash update. |
| 0:45.2 | Bad news on my long Sony and short XLK market neutral pair trade that I have on. |
| 0:52.4 | So Sony was halted earlier for trading on news of its takeover of Bungie for $3.6 billion. |
| 1:01.5 | And when shares resumed for trading, Sony, my long, popped nearly 6% or 7% higher on the day. |
| 1:10.8 | And I immediately closed out the trade on both sides. So I sold my long Sony, |
| 1:16.7 | I covered my short XLK and I had about a net 2% gain, actually 1.7% gain on the trade. |
| 1:26.8 | And yes, I'm aware that I said bad news because it is bad news. |
| 1:30.7 | And furthermore, I'd even say that this was a trading mistake on my part. |
| 1:35.0 | And therefore, you know, another sort of fantastic opportunity to share what it is that I've done. |
| 1:41.3 | So first of all, why is taking profit on a 7% intranay rally on my long bad news or in the mess up? |
| 1:49.1 | Why did I exit the trade, right? It's very simple. It's because I'm right for the wrong reasons. |
| 1:55.9 | So previously, you might have, you know, talked about being right for the right reasons or |
| 2:00.0 | right for the wrong reasons as well as being wrong for the right reasons and wrong for the wrong |
... |
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