JORDENBOER @JORDENBOER: "PORTFOLIO UPDATE ✅ eToro Elite..."

Netherlands

Edited

PORTFOLIO UPDATE ✅ eToro Elite Popular Investor ✅ End of earnings season ✅ Additional short positions opened As the $NSDQ100 moved up further in November, certain stocks have become even more overvalued and there comes a time when upside risk decreases, leaving little risk of ALL currently shorted stocks from rising further together. I’m not saying that some will not continue up further but the chance of a decent market correction increases significantly as the whole market (especially tech stocks) becomes overvalued. This is why we have opened additional short positions. As soon as markets move down, many of the shorted stocks will be hit hard and generate great profits which will more than cover the current losses of 2024. This is how I see it but the correction still needs to take place. Don’t forget that we have prevented the losses from being twice as large due to keeping around 50% in cash as markets moved to new ATH’s in the last 18 months. We have also taken some profits this year by closing 75% of $TSLA (Tesla Motors, Inc.) short positions at 140 and 155 as well as closing $W.US (Wayfair Inc.) a couple of weeks ago at 38 after which it moved up to above 48 earlier this week. We are now nearly fully invested in short positions and need to remain patient. The initial plan last year was to keep a large portion in cash waiting for a correction. As some stocks have soared up the last couple of months, additional short positions have been opened thereby decreasing the available cash position. At the same time, numerous positions were closed automatically as their stop losses hit. We are currently still waiting for a correction making it very easy for the critics to tell me I made a mistake in going (and staying) short too early. In hindsight this is absolutely true and it would have been far better to have gone 100% long last year. This would have led to a nice profit instead of the current losses. Once again, thank you new copiers and followers! Be patient and let's see what the coming years will bring us.

3 Mentioned

NSDQ100

TSLA

Tesla Motors, Inc.

W.US

Wayfair Inc.

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