Benjamin Mitchell
Benjamin Mitchell
United Kingdom
WEDNESDAY WIND-UP SUMMARY Ladies and gentlemen the bull run continues! We record yet another week in the green, with exciting movements from some of our tech positions, and further moon-bound leaps coming out of our crypto-positions. PORTFOLIO MOVEMENT 7D (+2.62%) ✔️✔️ 1M (+7.42%) ✔️✔️✔️ 6M (+8.98%)✔️ 12M (+62.08%) ✔️✔️✔️ NEW POSITIONS N/A CLOSED POSITIONS $NVDA (NVIDIA Corporation) - I finally decided to drop a large portion of this position after a major up-turn towards green. The hype following NVIDIA will continue to take them in a very positive direction, however it was past-time for me to take some profits here. At a profit of 110.23%, I think this was the right move, especially considering the slight down-turn the stock has seen since then. We still hold a small position in NVDA mostly to keep an eye on it's price. We will invest again in the future. NOTABLE POSITIONS $BTC & $XRP - Our high-fliers of the week. I don't have much to add on previous weeks. These positions have performed incredibly for us over the last 6 months and I will be looking to exit in the near future, hopefully at the tail-end of the current bull-run. For now, we wait and see how high this will push. $0916.HK (China Longyuan) & $PDD (PDD Holdings Inc - ADR) - A couple of our lagging positions come in here as small speculative positions in chinese stocks. Both of them are small positions I picked up for the medium to long term with an expectation that their work will come to light in the future, particularly for Longyuan as a supplier of clean energy. I'll continue to hold these positions in the red for now until their next upturn. Patience pays when we are waiting for the future to arrive. $NEX.L & $AAL (American Airlines Group Inc) - A couple of our long-hold pandemic positions. These have been stale for quite some time now and I'm considering exiting these positions in the near future. I'll give them a little more time to breathe, to see if they can reach their former highs. However I feel with the profit we've already found, the capital could be better used elsewhere. I will be making that decision in the short term. That is all from this very crypto-based green week. As always. thanks go out to my copiers, and the new copier I've received since last week. Your faith in me and the portfolio are gratefully received! Have a great week all. Onwards to early retirement! NOTE ON COPYING Due to a lot of copiers joining then dropping their position with me after a day or two, I wanted to make some things clear: - Copy Minimum Duration: I recommend AT LEAST 3 months copying with me, preferably upwards of 6 months. Copying for lower durations is much more akin to just gambling, especially if you're only copying for a couple days. You're paying the spread on all the positions you open, so short positions like this are just a waste of money (although I'm sure Etoro will thank you for it!) - Copy amount: I don't have any strong opinions on the amount you should use to copy. Copy with whatever you can. I believe the minimum copy amount on Etoro is $200, which is enough for me considering my relatively small number of positions.
Not investment advice. The author may have financial interests in the mentioned instruments.
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