Tesla soared over 20% following a strong EP and earnings calls, NTLA tanked 20% following positive data; a reminder that the market does not always give you what you want… Including me.
Am I phased by such days? Not at all.
Interestingly CRSP recovered Wednesdays sell off yesterday and ARKG only down 0.85% so as a whole the idea for this trade still stands.
One sector I am still keeping an eye on is China, BIDU more specifically. They’re heavy into robotics, a sector I am extremely bullish on long term. I’ve been waiting patiently to add size back on, which I’ll potentially be doing today. If the Chinese continue to fullfil their promise on the stimulus and measures to make China a more attractive investments for foreigners, this could play out spectacularly.
UBTECH is another nice play but only trades on the Chinese market, shame.
Aside from that it’s been a quiet week for me, after a few weeks off I’m just getting my head back into the game.
Remember, it literally takes 20%/month to produce a compounded return of 791%/year. That’s literally 1-2 reasonable trades a month, which is why this years returns for myself and many are so high, even there’s been far less action.
What goes on inside my head, is I simply want to be positioned into the best 5-10 swings at any one time. I never want the amount of positions I’m in to exceed 10, as in my mind, I should have the ability to narrow them down to the absolute creme de la creme or at least close too it.
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