Keep portfolio tight in this market
A glance of my current stock position after a busy day of trading yesterday, shows more red than green. This is entirely fine because I had already taken profit in more than a dozen stocks that I had traded.
Positions Stats
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$Advanced Micro Devices(AMD.US$ is the worst performer here and a good lesson to not buy a stock, go for a holiday, not checking on Moomoo while away, forgeting to put a stop loss and discovering that the stock had fallen in price later, silly me! Not worried because I trade AMD actively to chip away the paper loss and the number of shares remaining has come down. An expensive lesson.
$RLX Technology(RLX.US$ is a penny stock and imo undervalued but I like its financials. Kudos to the CEO Kate Wang, she's a smart lady.
The key takeaway for me is to take profit wherever possible and minimise long positions in this uncertain bearish market where inflation is a big challenge. That way you have the financial ammo to continue to trade rather than be stuck to a long position and hoping the price of a stock will go up for you to take profit, which might never happen.
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ninor : Mine was miserable, red and bleeding