Dear Followers/Copiers,
what a month, right? A lot of ups and downs. But my engagement with the portfolio has been minimal. I feel excited that the portfolio is reaching a level of maturity and autonomy, where I can do weekly analyses, plan my positions and then leave it to develop. I said I would continue swing trading $OIL and $NATGAS, but it has been quite difficult. Technical Analysis has not shown me any good entry points for these positions, additionally, eToro fees for $NATGAS Buy Positions are astronomical.
🎉 Also, I want to thank and welcome the new people copying me. 🎉
💸 STOCKS - We were lucky with $TLRY (Tilray Brands Inc) (Tilray Brands Inc) and I was able to close the open positions in profit before the big decline. For now, I will try to reenter $TLRYbelow 2.8$, but I have already one open position. In the long run, I think $TLRY is a great company that will be profitable. Additionally, there are open orders for $NU (Nu Holdings Ltd.) (Nu Holdings Ltd.) and $VALE.
For now, I have stopped buying $TUI.L (TUI AG) because I have exposed a lot of my portfolio to it. As mentioned before, to reduce my risk level I will have to add more cash to my eToro account at the end of the month, so some copy trading values might change for the copier. For November, I plan to acquire even more $MOMO (Hello Group Inc-ADR) (Hello Group Inc) stocks.
As many have seen, I opened some short positions with $MEDP (Medpace Holdings Inc.) and closed them with a 2% profit. I think that the price of this stock will return to normal levels, but it is extremely volatile and I do not want to risk getting stuck in a short position for a longer period.
Still, I expect that in the following year/years, stocks in my portfolio will be the major factor in the profit decrease. But as soon as the economy starts recovering, stocks will be quite profitable. My general stock strategy stays the same - Buying more long-term stocks, such as High Dividend, Growth, and Value Stocks that have a business model that I understand and that produces value.
⛽Commodities ($OIL and $NATGAS ) - I created BUY positions with $OIL below 80$ because I am willing to pay for it only if it is under this value. Since the commodities market has been quite volatile, I am taking a more secure approach to commodities, simply to reduce the risk of my portfolio $NATGAS fees are extremely high for any type of trading.
💡 My Thoughts - I am still trying to reduce my risk level while producing competitive gains, but it has been a strenuous process. The first two weeks of the month have shown me how little things can influence my profits. Instead of following TA, I was too greedy at some points, and at different points, I was not greedy enough. Additionally, I felt a bit guilty that I am not trading as often as before, but I think the portfolio is reaching a good balance level between stocks that should be future-proof. I am still trying to implement more statistical methods for managing risk.
As always, if you have questions, ideas, or suggestions, please write in the comments... Show More
Dont buy SLV probably they dont have enough silver in vaults to cover as silver price rose significantly SLV barely moved. I was listening Robert Kiyosaki on YT "Rich dad poor dad show" . Also comex and LMBA running out of physical silver so only miners stock might go up!!... Show More
