Thread by @hfvalue

1. Quick thread on my journey

I started pooling my capital around the market highs in mid 2018. Markets were at highs and I patiently waited for a drawdown.

December 2018 FED raised interest rates - how dare they - market took about a 20% cut.

I timed the entry well.

2. Started off with $SNE and $NTDOY in their respective Japanese counters as I understood gaming and was comfortable dipping my toes in large caps.

Then I moved on to $MSFT $FB $JD - other large caps but widening my circle of competence to software, e-comm and social media

3. Generally held through most of 2019 as the market rallied - dabbled a little bit with trying to trade in and out of $SNE and $JD as price was only moving sideways

$MSFT - $100
$JD - $35
$FB - $138

Over just under two years, if I held, I would be up to 2x - TIME IN THE MARKET

4. Some time in 2019 as I was reading widely, I found out about high growth companies as I was searching for 10x-100x. At the same time, I found #fintwit which accelerated this process

Markets were at highs at the end of 2019 and I was figuring out how to alter my strategy

5. I started of with $TTD - profitable, rapidly growing and I believed in the switch to digital advertising

$TTD - $150

I sold at $270 when market was taking a hit in March to protect my returns. On hindsight, that was short sighted

I didn’t foresee FED supporting the market

6. I sold the rest of my counters for about a 30% gain in March before Fed supported the market at around 16 March - I was 80% cash.

I was stoked - happy with my returns and felt I executed the right strategy.

However, I was too slow in re-entering the market.

7. Macroeconomics was distracting me too much from finding and making sure I wanna as invested in secular growth counters.

I tried to trade in and out of my previous positions as I believed the market was going sideways

Bought $TTD at $150 and sold at $180 - waiting for a drop

8. As market moved up, and I missed the HUGE discounts, I re-entered with my current portfolio construction as my circle of competence around Fintech, health tech and e-commerce grew.

9. First time I’m recounting the journey and I’ve got to say, it’s been a great one.

Biggest takeaway - we live in a world full of distraction, I got to find the balance between exploring new ideas and holding my conviction on the best ones.

10. The urge to call a top and protect my gains is always strong - the day to day news and twitter feed can influence your mind (good and bad).

It’s key to take the good and ignore the bad making sure I am constantly working on MY OWN CONVICTIONS.

Sit and hold - I will master