Portfolio Update June 2021

Another month, another update. I’ve been a bit busy working.

For my last portfolio update, please visit link.

Portfolio

Overall my portfolio value lost 11% in value. It is now below 100 000 USD. Mainly because Bitcoin and Ethereum dipped in value. Furthermore the USD/SEK ratio increased from 8,27 SEK to 8,55 SEK. Which is about 3.4%, which also contributed.

In my Swedish portfolio Gapwaves finally started to move. I’ll just sit tight. I think it is one of my lowest market cap companies.

The Foreign Portfolio
I stopped out of my Bitcoin ZERO SEK position but ended up doubling my Bitcoin XBT. I stopped out of some of my Ethereum XBT, and all of Ethereum Zero. I bought some of the latter one but then stopping out shortly after.

I stopped out of MAG Silver, Riot Blockchain, Valour Cardano (ADA) and Valour Polkadot (DOT). The latter one I rebought lower but might stop out again.

I’ve sold Lufthansa (MFL LHA VT12) Minifutures with profit (+100%). I was planning to hold it longer but the position was very small. I’ve also sold Netflix.

I’ve added to my Tilray position.

I started shorter term (weeks to months) swing trade positions in Calix, QuantumScape Corporation, Fiverr International Ltd, SunPower Corporation while waiting for better setups in crypto.

My trading account dipped a bit.

Best interesting links this month:

#Bitcoin pic.twitter.com/szQDyZJxmq

— Charlie Shrem (@CharlieShrem) June 15, 2021

#Bitcoin is seeking out an #Elliottwave 4 low and may have found it. Do you have a seat on the Bus for the 5th Wave up? #BTCUSD #ETH #CryptoNews #cryptoworld pic.twitter.com/p6rG20089j

— Surf City (@SurfCity_Cycles) June 14, 2021

I prefer 35 P/E ratio over 8
I prefer 40% sales growth over 20%
I prefer 100% EPS growth over 50%
I prefer 20 million outstanding shares over 100
I prefer $100 stock over a $7
I prefer 99 RS rating over 85
I prefer a new all-time high over a pullback
I buy strengths and growth!

— Julian Komar (@BlogJulianKomar) July 5, 2021

One of the most important things I learned from Jeff Bezos was to develop a bias for action. He wasn't always right, but he was always ready to act (and he was right much more than wrong). Like the time we were flying to Chicago and nearly wound up in Paris. Here's what happened:

— Dan Rose (@DanRose999) July 5, 2021

Lessons learned:

• Rule 1: Cut losses early.
• Rule 2: Cut losses.
• Rule 3: Cut losses.

Plan

• Stick to the plan
• I’ve finished reading Nicholas Darvas book. I plan to summarize my notes for easier review in the future.

Reading list

• 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!