James Paterson @Airwalk86: "Morning from London U.K guys..."

United Kingdom

Morning from London U.K guys & I hope you are all fairing well? A downturn in markets over the past few days/week and an overdue one at that. Copiers/followers may have noticed me take some profits into the sell-off and reposition a little bit. We bagged some nice profits into $HYPE 's recent epic run to all-time highs along with bagging some more profits in $RKLB (Rocket Lab Corp) & $MU (Micron Technology, Inc.) - all three positions I sold out of entirely. In place of the high flyers I added in $BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) which is just a U.S Treasury Bill position that we will sit in until the market correction seems to be easing up. Additionally I added an unleveraged $GOLD position, Gold seems about ready to take a leg higher again especially short-term if the selling continues. Finally, a word for Crypto. Performance has been dismal we all know this however blue skies may be on the horizon. A commentator who has been spot on with his call so far that the four year cycle will repeat is Benjamin Cowen. I've included a chart of his which you will see attached which shows the % of $BTC holders in profit/loss over every four year cycle. Every time the percentage of holders in profit vs loss equalises/crosses we seem to find a bottom and that hails in the new four year cycle and we are right at that point now. Ben calls for this being a current bottom potentially with October being another possible low - October being the traditional bottom in the presidential mid-term years. So the message is that we will wait and see, I am not in any hurry to add back to any risk currently until the path becomes a little clearer. On a positive note Etoro have promoted me back to a Champion level P.I after a spell of good performance (until last week 😄) so I thank them for that and hope to push on and attract more Copiers if I can! Thanks for reading, James

Not investment advice. The author may have financial interests in the mentioned instruments.