I made quick trades / gains today. Thanks to MJ (ETFMG Alternative Harvest ETF). This ETF is as non-halal as you can get. MJ tracks a market-cap-weighted index of global firms engaged in the legal cultivation, production, marketing or distribution of cannabis, cannabinoids or tobacco products.
Huge spike today in MJ ETF. Closed off my bull credit put + stock positions. Managed to close approx. USD125 gain from this trade.
USD125 is equivalent to MYR506++ (at the exchange rate of 1USD:MYR4.05). If there 22 weekdays in a month, I will able to afford lunch of up to RM506 /22 = RM23 per weekday (perhaps, a coffee + nice sandwich ….)
Hopefully I could continue to maintain my consistent gain for the rest of this month.
DISCLAIMER: THIS POST IS NOT AN INVESTMENT / TRADING ADVICE OR ENDORSEMENT. PLEASE REFER TO THE GENERAL DISCLAIMER OF THIS BLOG.