Copier update !!!!!
Hello everyone,
As you’ve probably noticed, I repositioned our portfolio yesterday and today.
For my long-term copiers, this is nothing new. You’ve seen me do this before, and you know why.
For newer copiers, however, it can feel uncomfortable to suddenly see several red positions being closed in a short period of time. I did receive a few comments about it — which is completely fair.
Let me explain clearly what’s happening.
First of all: whenever I make meaningful changes, I inform you. Always.
This time I was simply fully focused on charts, sector flows, and scenario planning before communicating in detail.
Now to the important part.
Many investors struggle emotionally with closing red positions. They see it as “locking in a loss.” But the reality is this: if a position is already in red, the loss already exists in the equity. Keeping it open does not undo it. What matters is our total equity and future positioning — not whether a number shows in the balance column.
Repositioning is not weakness. It is active risk management.
When I adjust exposure, I don’t randomly close and reopen the same structure. Often we may have had several smaller positions in a sector. After repositioning, I may replace that exposure with one more concentrated position — either larger or smaller depending on conviction and risk. This gives me better control, clearer oversight, and more flexibility.
Last year I repositioned the portfolio around four times. The results speak for themselves.
Why now?
Because we are clearly seeing sector rotation.
Earlier this year, software and high-momentum names were sold off. Defensive sectors and value areas held up better. That tells us capital is rotating. When institutions rotate, we follow the flow — intelligently, not emotionally.
The $NSDQ100 dropped roughly 9% from its late January all-time high. Our maximum drawdown during that period was 4.6%. Since then, the Nasdaq has recovered about half of that decline. Despite the index still being below its ATH, we managed to move slightly into positive territory.
At the bottom of the drop, I increased exposure to the most beaten-down stocks. That gave us strong recovery trades as those names outperformed in the rebound. However, the fundamentals behind many of those companies did not materially improve. The bounce was primarily a relief rally.
Relief rallies are great for tactical gains. They are not always sustainable.
So I adjusted again.
On some positions I increased exposure. On others I reduced it. This lowers potential drawdown if momentum fades again — and it frees up cash. Having available capital in volatile markets is not a weakness. It’s opportunity.
Institutions reposition constantly. They don’t marry positions. They manage exposure.
And that is exactly what I am doing.
At the end of the year, what matters is not how a trade looked on one random day. What matters is the final result.
I am here for one reason: to grow our capital intelligently while managing risk. Everything I do is structured around that objective.
If you have questions, feel free to ask.
Thank you for your continued trust — and rest assured, I treat your capital with the same seriousness as my own.
Mike
$NVDA (NVIDIA Corporation)$TSLA (Tesla Motors, Inc.)$SPX500... Show More
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