Maxim Primak @Maxprimak: "𝘿𝙚𝙖𝙧 𝙛𝙧𝙞𝙚𝙣𝙙𝙨! 🌎 Just a quick..."

Slovakia

𝘿𝙚𝙖𝙧 𝙛𝙧𝙞𝙚𝙣𝙙𝙨! 🌎 Just a quick update on the recent week's -1.25% drawdown. Why did it happen and what exactly dropped? Let's get to the bottom of it. The first place probably goes to the banking sector, which was hit pretty hard this week. $WFC (Wells Fargo & Co) -6.33%. $BAC (Bank of America Corp) -4.92%. Gold and silver were hit very hard. $GLD (SPDR Gold) -5.63% $SLV (iShares Silver Trust) -7.04%. And $VOW.DE (VOLKSWAGEN AG) (-4.52%), which has quite a large part of our portfolio, also went down. Not because of any news, rather it is just a small correction. I think, if the VOW breaks through the 250€ mark, we will see new horizons. In general, the company is moving in the right direction, and at the moment, it seems to me, is the main competitor of Tesla. Also, the gaming sector suffered this week, namely $TTWO (Take Two Interactive Software Inc) from our portfolio. It fell by -8.54%. This drop can also be seen in other companies from this sector. $ATVI -5%, $EA (Electronic Arts Inc) -3%. Personally, I treat these drawdowns absolutely calmly and consider them to be an essential part of the market. Also, my copiers noticed that I recently closed a position in $GOLDBTC, due to the fact that Etoro increased the daily commission very much for this instrument and it would not be reasonable to keep it further in the portfolio. That is why I closed it with a small minus. I will keep y ou posted on the portfolio news! Have a great day Peace ✌️

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