I have discussed to most people that I wasn’t especially a genius but neither was I stupid either. I was focused though. Many people attribute any outperformance to luck rather than skill but I believe it’s always both. See, money comes easy to people who are focused. When you’re spending at least 8 hours of your everyday breathing life trying to find companies that are doing well in any climate (pre or post covid), your gains are a reflection of the market rewarding you for seeing things just slightly ahead of everyone else. True there was luck involved, but it’s not as if picking 300 to 500% winners were random wasn’t it?
I’ve shared a tweet in my March 2020 wherein I had no foresight what would happen in the next 6 months. Will we have a V shaped recovery? A U-shaped Recovery? An L-shaped recovery? Did it matter? Here’s how that tweet went.
As you can see, most of those positions I’ve had stronger convictions with did truly rise, save for one ugly duckling which was Luckin coffee which ended up being a scandal of epic proportions. Nevertheless, all names went something like 100% up from those levels with a few exceptions like 200–300% up for $SHOP $ENPH $SE $SQ $TDOC $TTD $NVDA $DOCU. More importantly TERP and BEP were merged too. These winners like $PDD went 300% further too. The point is that I had been invested in a number of these names prior to the Covid Pandemic and while it’s hard to know the extent of how long the selloff will bring or how high the rallies will be, I kept strong names and that’s how I’ve made money.
People are asking so what does an awesome10x portfolio look like?
I’ve shared a couple of them as well in my tweets:
Sampler 1 — Extend the thread as it comprises more than 10 names. https://twitter.com/FacelessTrader/status/1295174632606068736?s=20
Sampler 2: (I think this sampler can be improved better — There needs to be a conscious concentration on specific games — and add some food/gardening names)
It’s Okay to Not Be Okay.
These days, I’m currently saying its important I am prepared and I don’t want to predict but the markets are getting frothy and it’s not wrong to own some cash. Nevertheless, I’m not going to be 100% cash. I’m ok to just be flexible owning 25% cash and perhaps 30% cash we’ll see.
My concerns are more often revealed in my classes and these past few days I’ve been trimming for a number of reasons but the most important reason is that I just see limited upside and I see more downside. Perhaps the risk reward ratio is just not fully convincing to me to be fully invested and so I trimmed.
Have a good day y’all!
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