Here is my monthly update.
For my last portfolio update, please visit link.
Overall my portfolio value gained 0%. The month started well with up to +20% but then turned down to about +5% in terms of Swedish krona (which lost value vs the US dollar).
The markets are choppy. I’m positioned for further upside in the stock markets as well as crypto. However there are some alarming signs. I’ll take it day by day and I’m considering being more aggressive with my stops for all positions.
I switched to full swing trading mode, which means I’ll try to start selling more into a strength and be more quick to take profits and to always have some cash on the sideline. Tighter stops. I’m considering decreasing risk if there are more signs of a larger correction.
The only sectors looking alright are crypto. Ethereum looking strong.
In my Swedish portfolio. I sold VNV and bought some Xpecunia.
I sold some Bitcoin XBT and switched over to some Ethereum Zero Sek as planned. I also increased a little bit in my leveraged Bitcoin (MFL BTC1 VT22). ETH/BTC ratio broke out today suggesting that ETH will continue to outperform BTC.
I added some Bitfarms and bought Coinbase with leverage (MFL COIN VT110 – 3x) today in anticipation of a BTC bottom forming soon. I added DMG Blockchain earlier this month as well leveraged Ethereum (MFL DCR1 VT2), which is still my largest position.
I bought Matterport yesterday. It is a short term trade.
I added to my Solana.
I sold Hut 8 to take profit and switch to another crypto miner (read above).
I took profit in my minifutures in Netflix and Nvidia.
Sea Limited, QuantumScape and Polkadot stopped out.
My trading account has recovered a bit more.
Best interesting links this month:
- Rule 1: Cut losses early.
- Rule 2: Cut losses.
- Rule 3: Cut losses.
- Stick to the plan
- Tighten my stops!
- Sell into strength.
- Read more.
- 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)
- Inner voice of trading – Michael Martin
- The Joy of compounding – Gautam Baid
- Battle for investment survival – Gerald M Loeb
- How to make money in stocks – William Oneil
Good luck and trade safe!