I thought last week was bad, but oh boy this week sure was a rollercoaster. Got absolutely rugged on Monday, made some back Tues/Weds, rugged again on Thursday just to experience FUCK YEAH FRIDAY.
Ended up slightly up for the week, current YTD 91%. Just 3% to go from ATH! 🥳
Overtrade a lot, especially with VTNR. Should have just sat on that one... but oh well, made it back by some nice dip buys on Thurs at least, so w/e! Can't be perfect all the time 🥳
Decided to use the rally to distribute my holdings & rebuild my portfolio!
Not much to say other than I'm back in #copper!!! I think the risk is to the UPSIDE for miners overall after they got dumped 30-40% & signs of Shanghai being back soon, but might be early!
Also might just buy back VTNR on Monday, regret selling that one a lot lol.
Also need to stop overtrading... but it tends to work out when shit gets volatile as fuck, so I might just continue to do that if we keep seeing rug pulls.
But I'm VERY optimistic about next week, Fridays close was BOOOOLISH as fuck & OpEx next week could lead to 🚀🌛, so LFG!!!
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pls god if you're listening just give me a lil bounce i swear i wont play around with tech anymore im sorry i know it was bad pls forgive me for my sins amen
How fitting that April ended with such a volatile week lol. Did really well on some punts, did atrocious on others! All in all, managed to at least survive! Current YTD is 81.7%, slightly up for the week! April ended up 2.4%, which relative to the market is A-OK for me 😅
Notably got 10% cash going into next week as I got pretty worried over how shit the close was & likelihood for more Beijing lockdowns over the weekend crushing my portfolio. Actually raised 20% cash, but couldn't resist nibbling at close 🤣
Current strategy remains to survive! One prediction I made (which aged far better than my BTU call lol) was that 2022 looks to be one SHIT year for the market & so far it looks to be the case.
While I've done well so far, I gotta be more cautious!!!
Everything we see from China lately SCREAMS of desperation, IMO they have officially gone full panic mode & are DONE fucking their economy. No more squeezing their tech giants, you heard it here first folks!
Massive infrastructure spending is gonna happen, WATCH & LEARN NERDS!!!
How to play this you may ask? Drybulk coal iron steel are the ones I've pitched for weeks now. China tech is 💩, but it does appear the bottom is behind us so I might punt some $BABA. It's going 🚀 today, but I reckon they will puke in earnings next week & allow me to BTFD!!!
I mean just read this shit, how can you not SMELL the reeking STENCH of desperation & panic from these comments? You got to be as blind as a bat if you can't figure out the impact this will have on commodities...
It's pretty damn funny looking back at all the goldbugs dunking on @SantiagoAuFund for his milkshake theory, yet seeing it finally coming to fruition (while gold has done nothing but constantly disappoint, mind you)
@SantiagoAuFund It's very entertaining to see just how many thought the USD would end up dead & confidently held gold, missing out on the bullmarket of a century.
@SantiagoAuFund I used to be a gold bug myself & fell for the rhetoric that the dollar was dead, gold was correlated to negative yields & all the stimulus meant gold would go bonkers.
And it worked out at first, but oh boy was it a classic example of price action determining narrative lmfao.