For my last portfolio update, please visit link.
Overall my portfolios increased 11% last month again. I’m feeling a bit FUD (Fear, uncertainty, and doubt) regarding my large 40% ( a lot of money for me) Ethereum position. The pros say to let the runners run and the losers loose. To sell when the narrative change. Ethereum is just getting started. I have to revise my previous targets soon. I’m looking at a 8 – 12k target. Unbelievable last year, but Ethereum is currently at 2,8k and the target is 3 x away. I think its reasonable if Bitcoin remains stable (above 20k).
In my Swedish portfolio Gapwaves is still gong sideways. No signs of strength or weakness. I’ll give it more time (1-2 months?). I increased my position in Coinshares with cash from my trading portfolio.
The Foreign Portfolio is going well. I got stopped out of Lemonade, Metromile and MP Materials. I bough Appfolio and Snowflake. I increased some in Pexip which just won – “Pexip Health Wins “Best Telehealth Platform” Award” . Ethereum is rock solid. I did sell 1/3 of my Track Ether Von because Vontobel is delisting the certificate the 31st of May. Instead they are issuing Track Ether Von II with a higher fee of 3.75 per annum. See link. This is unfortunate (but expected) and I have to sell all within weeks. It is by far my highest gainer so far with a whopping 1435%. Thank you! I’ll sell all soon. I plan to switch to Ethereum Zero SEK VAL and The Ether Fund. I will still be in the trade. Eth/btc is in liftoff mode (see below).
My ZKIN positioin should have stopped out. My alert went off but I was busy working. I’ll wait a bit more before selling. I shouldn’t but the NFT space seem set to getting ready to explode again. When will I learn? I have to do a case study on it.
My trading account decreased more.
Best interesting links this month:
- Rule 1: Cut losses.
- Rule 2: Cut losses.
- Rule 3: Cut losses.
- Protect capital
- Evaluate my exit plan
- Read more
- Trade less (focus on the best trades)
- I’ve added books from William O’neil, Mark Minervini and Nicholas Darvas to my reading list
- I’m still reading Extraordinary Popular Delusions and the Madness of Crowds (paused!)
Available for free at https://www.gutenberg.org/
- Summary of Berkshire letters (see July monthly update)
Good luck and trade safe!