cedgoa @cedgoa: "Update for My Copiers and..."

Norway

Update for My Copiers and Followers: Regarding Oil: August has proven to be a challenging month, with prices fluctuating between $77 and $72. This volatility resulted in a portfolio dip of 12%, but I’m pleased to report that we’ve recovered to a more manageable loss of just 2%. As is often the case with these price swings, I took advantage by opening and closing several new positions, generating a respectable amount of cash. I have partially reinvested this cash into dividend-paying stocks. Additionally, I've secured at least three new positions, each with stop losses at 5%, 20%, and 20% profit. If oil prices ascend back to $77, my portfolio will likely reach new highs. Overall, this month hasn't been as negative as it may seem. Should oil prices decline again, I am prepared to open new positions and capitalize on further opportunities. It's crucial to remain calm during these fluctuations. Regarding Stocks: One of my core trading principles is to avoid excessive greed. Therefore, I have decided to close positions with over 20% profit to lock in gains and increase cash reserves, allowing me to allocate funds into new investments. Miscellaneous: I will not be re-entering the natural gas market, as it poses too much risk. The volatility and associated costs are simply too high, and I prefer to avoid taking undue risks for the benefit of my copiers. On a positive note, Bitcoin has climbed back to a respectable $63K. A rise to $75K would be beneficial for our portfolio, but there’s no rush; we’ll wait and see how it develops. Wishing you all a wonderful week! Thank you for your trust and support during these challenging times. Best regards, Cédric $OIL $NATGAS $BTC $RTX (Raytheon-Technologies) $HAS (Hasbro Inc) $LMT (Lockheed Martin Corporation)

6 Mentioned Show all

OIL

NATGAS

BTC

Bitcoin

RTX

Raytheon-Technologies

HAS

Hasbro Inc

LMT

Lockheed Martin Corporation