Cathie Wood's Ark Investment Management on Monday further raised its exposure in cryptocurrency-related stocks $Robinhood(HOOD.US)$ and $Coinbase(COIN.US)$
The popular money manager bought 181,717 shares — estimated to be worth $3.44 million — in Robinhood, a financial platform that deals in stocks and cryptocurrencies.
Robinhood stock closed 4.99% higher in the regular session on Tuesday at $18.93 a share. The stock is down 45.6% since going public in July.
In a first, Robinhood acquired Cove Markets, a cross-exchange trading platform last week as it prepares to roll out cryptocurrency wallets.
The wallets would allow Robinhood users to deposit or withdraw cryptocurrencies like Bitcoin, Ethereum and Dogecoin.
The popular zero-commission trading app also said it is adding a cryptocurrency gifting feature for users, which would be operational from Wednesday.
The money managing firm owns shares in Robinhood via three ETFs — the $ARK Innovation ETF(ARKK.US)$ ,the $ARK Fintech Innovation ETF(ARKF.US)$ and the $ARK Next Generation Internet ETF(ARKW.US)$ The three ETFs held 20.2 million shares — worth $364.8 million — in Robinhood, prior to Tuesday’s trade.
Ark Invest also snapped up 23,414 shares — estimated to be worth $5.79 million — in cryptocurrency exchange desk Coinbase.
Coinbase shares closed 4.05% higher at $247.69 a share on Tuesday. The stock is down 24.5% so far this year.
Coinbase CEO Brian Armstrong told investors in November that the company is focused on long-term growth instead of a quarter-to-quarter investment as it grows the cryptocurrency economy.
Ark Invest has mostly been piling shares in Coinbase since its direct listing on NASDAQ in April, while occasionally booking minor profits.
The popular managing firm held 4.9 million shares — worth $1.18 billion — in Coinbase via three ETFs — ARKK, ARKF and ARKW — prior to Wednesday's trades.

$Naked Brand(NAKD.US)$ Hold or Sell today?
Most of the people I spoke in last few days specially today (after merger is complete and now we are EV stock, everyone said DONT SELL ... what do you suggest?

$Castor Maritime(CTRM.US)$ Lowest price every day

$XPeng(XPEV.US)$
It will roll out a supercharger that can charge a car in 5 mins as part of G9 SUV, that it plans to start delivering by 2H2022. The supercharger is expected to give it an edge over its rivals.
XPeng is the only "Tesla rival" that has caught Cathie Wood's attention. Her choice may even have led some EV investors to switch from Nio to XPeng.

Market Sentiment
What a year 2021 has been. The tiny SARS-CoV2 virus is still messing up with our daily lives. Just when things were starting to normalise, a newly discovered variant Omicron threw a curve ball causing some countries to halt or even reverse decisions to re-open borders.
As end of 2021 approaches, the market mood has dampened down quite a bit. The market breadth is not looking rosy, more stocks are below MA200 than above. The impeding QE tapping and interest rate hikes in respond to rising inflation by US Fed are weighing down market sentiment too.
In the trading landscape, a strong bull was dominating the market in the first three quarters of 2021. Major indices were breaking all time high, even cryptocurrency was making waves (pun intended, super volatile moves for $Bitcoin(BTC.CC)$ Bitcoin).
Covid-19 Theme
Feb 2021 saw the start of the largest vaccination drive than mankind has ever seen. Previous vaccination programmes were generally rolled out over years or decades. But the advancement of biotechnology has allowed us to access COVID-19 vaccine in unprecedented speed.
Moderna $Moderna(MRNA.US)$, BioNtech $BioNTech(BNTX.US)$, Pfizer $Pfizer(PFE.US)$, Johnson & Johnson $Johnson & Johnson(JNJ.US)$, Novavax $Novavax(NVAX.US)$, Astra Zeneca $ASTRAZENECA PLC(AZNCF.US)$ just to name a few obvious ones, roared to all time high. Did you catch the train? I took a small profitable swing trade with Pfizer. Nothing to boast about, purely practicing my trading skills based on breakout trend.
Good Trade Execution: Timing to Exit Trade Perfectly
One memorable trade in 2021 for me was with Open $Opendoor Technologies(OPEN.US)$. Been learning to read chart with Wyckroff method so it was great to be able to time my exit of Open perfectly before the price crashed.
This was the chart analysis and trading plan for my position on 22 Sept.
I tried to protect profit my trailing my stop loss. As the market unfolds, the news about Zillow $Zillow-C(Z.US)$ shook Open badly. Based on my analysis of the price action and volume, I moved my stop loss lower to wait for a rebound in order to exit the trade with profit. This manoeuvre helped me exited with 21% profit in around 6 weeks.
The biggest take away from this trade? Applying Wyckroff analysis of price action to manage my trade successfully despite drastic bad news.
Bad Trading Execution: Importance of Stop Loss
Think any trader would be able to tell you anecdotes of how stop loss either dented or saved their capital. Sharing a lesson of moving stop loss. After Nvidia $NVIDIA(NVDA.US)$ share split, I decided to initiate a long entry on 26 July at $193. The plan was to take advantage of the break out pattern fueled by the strong demand on chips. Given Nvidia is such a darling of both short and long term investors, the initial trading plan was to hold on to long position for as long as possible.
The price moved uptrend until hitting resistance at $231. Things were looking rosy and I was feeling very pleased with myself. Then came a minor correction to the magnitude of 15% from $231 to $195. It was nerve wrecking then. Everyday I would be checking on the paper loss and debating if I should close my position to protect whatever profit I had. I decided to move stop loss to $198. Luck was not on my side and the price touched $197 and reversed.
It was such a painful lesson. On hide sight, there was no reason for me to panic. No sudden increase in volume to suggest investors are dumping Nvidia. I should have just stay calm and allow the correction to unfold. I lost in this trade because I gave in to my panic and not sticking to trading plan.
Outlook for 2022
Current market condition seems to be rather uncertain. Nasdaq $Nasdaq Composite Index(.IXIC.US)$, S&P $S&P 500 Index(.SPX.US)$ and Dow $Dow Jones Industrial Average(.DJI.US)$ all suffering corrections. There are many factors affecting the 2022 outlook. US Federal Bank meeting in mid Dec, Omicron concerns and its closely related national border policies will likely impact market condition. I would be very cautious in trading until things get more clarity. Stay away from stocks that corrected by 30% (e.g. U $Unity Software(U.US)$, Baba $Alibaba(BABA.US)$, Palantir $Palantir(PLTR.US)$), and monitor defensive counters such as PG $Procter & Gamble(PG.US)$, TSN $Tyson Foods(TSN.US)$.
Last Words
To me, trading is like an art of understanding the market forces. Is the bull or bear in charge currently? Do I expect a correction or continuation of trend?
The biggest lesson in 2021 from my trades is learning to execute trading plans with confidence. Trust my analysis of the market and not getting emotional.
For 2022, I certainly hope to be a consistently profitable trader by improving my chart analysing skills and trade execution.
Sharing this and hope for a better 2022 to all!

$Palantir(PLTR.US)$ Watch Partnerships hit mainstream on AI Technologies.  This is the future as we are beginning to see now with supply chains, assembly lines, production, cars, defensive capabilities, drones, traffic lights, entertainment, algorithmic programming, possible blockchain advancements, and so on so on....sooooo many capabilities.   DOD contracts $ 500 million is signaling large demand for security, criminal defense, and war time preparations.   Invest in AI technologies---All-Time Highs Incoming on Massive Strong BUY Upgrades & Price Target Evaluation Increases!!!  All the Above Are Winners so diversify in the future of the USA and globally abroad

$Apple(AAPL.US)$ eat apple again