Portfolio Update September 2021

Portfolio

Here is my monthly update.

For my last portfolio update, please visit link.

Portfolio

Overall my portfolio value lost 10%.

Bitcoin has been weak this month breaking below 42,5k USD which is my level to watch. I had to cut my losses. Today it reversed and is showing strength. As I write its at 47,5k.

Based on price action my interpretation is that it seems to be bullish and so I have to consider increasing my positions. My guess is that Bitcoin will be the strongest crypto. Should I buy more before the weekend or after? Or both? I don’t know yet. If it’s a false move it’s bit risky before the weekend since I can’t sell until Monday.

In my Swedish portfolio Gapwaves triggered my stop loss. I tried buying MIPS on a breakout as well as Evolution but got stopped. All cash at the moment.

Foreign portfolio:

I bought Track Bitcoin II, Solana, Westfraser Timber.

I’ve stopped out of some of my The Ether Fund. I stopped out of my HUT and MARA as well my smaller leveraged bets on Bitcoin and Ethereum (MFL DCR1 VT2). I stopped out of Novovax and ZK international.

I did rebuy MFL BTC1 VT22 (Bitcoin with leverage about 2x).

I took profit on Cardano as planned, 50% at my target and 50% at a trailing stop loss.

I doubled my position in SEA.

My trading account has not been going well lately. I’ll try trading smaller until the trades goes my way.

Best interesting links this month:

Lessons learned:

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

Plan

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

Reading list

Good luck and trade safe!



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