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Portfolio Transactions (May 2021)
By Azrael's Financial Cents  •  June 7, 2021
For my side project, I am going to rerun some upscaling validation studies again with controls, another variable that it brings in is the equipment being used, which means more controls are needed. Not to mention seems like more and more people have the similar ideas as me, which is worrying I guess.
  • Buy Trade Desk at 545
    • Reasons
      • MarketAxess is the leader of electronically trading US corporate bonds serving Americas, Europe, Latin America and Asia. It also provides market data and post-trade services, enabling institutional investors and broker-dealers to trade credit instruments, including corporate bonds, and other types of fixed income products.
      • I initially queued at around 510 GTC which is about 65x PE (slightly above fair value at 59x PE).
      • What happened was the market gap down pre-market and immediately filled my order at 506, I didn't even had time to adjust my order.
      • And now it keeps dipping T_T
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By Azrael's Financial Cents
Azrael is the author behind Azrael's Financial Cents, a personal diary of his journey towards Financial Freedom. Hopefully, while sharing his experience, he can help his readers and better himself too.
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