Thread by @JonahLupton

I've never seen so many growth stocks down double digits at the same time. Insane washout!!!

Even though it was painful it was needed. Now the big funds (that run the market) and have been sitting on cash can put it to work and buy these great growth stocks at cheaper prices.

Should I have been trimming some of my stocks the past few days... maybe... but these are stocks I plan to own for the next few days so why incur unnecessary capital gains?

If I believe most (if not all) of my stocks can 5x over the next 5 years then it doesn't make sense to over-manage my portfolio in the short term.

Sometimes you're better off just accepting these big washouts will happen and adding to positions during the panic selling.

Nobody knows when these washouts are coming and anyone that says they do is full of shit. Perhaps others were trimming the past few days to raise cash or reduce position sizes but if they had known today was coming they would have been 100% cash.

Everyone needs to manage their own portfolio in the style that works for them.

My investment strategy is to focus on small/mid cap growth stocks under $10 billion market cap with at least 30% revenue growth and upcoming catalysts that should move the stock 50% within 12 months. I'm looking for stocks that can 5x in 5 years.

I have an aggressive portfolio but I'm also very diversified with 50+ positions across many industries/sectors. My portfolio will always be over-weighted to my best ideas which means my top 10 positions will always account for at least 50% of my portfolio assets.

I stay fully invested because I believe we are still in a bull market and you can't predict these washouts so it's not worth trying.

I keep some cash in my savings/checking account which I can wire over on days like this when I want to "buy the dip"

There were some prices today on my favorite stocks that I didn't think we'd ever see -- my only regret is not having more cash to buy them more aggressively.

This is the problem with so much algo/quant trading -- once the selling starts the machines just keep it going.

If you're a long-term investor that believes in buying the best companies at reasonable prices then today should do nothing to change that. I hope you had cash to do some buying but in reality when you look back in 3 years it won't matter if you paid $35 or $40 for that stock.

^I meant years not days :)

I buy my stocks with the intention of holding 12+ months especially my biggest positions