Seems like the year flew by but then you step back and remember Brexit, the endless election debates (primary and general), Syria, many terrorist attacks around the world, riots/cop tensions in the US, etc. Not to mention the wild up and downs in the stock market. I did mostly dip buying and holding onto my long-term Revolution Stock winners/core positions and did some trimming/reducing of longs after big rallies — all of which was hard to do. The question is — what’s the hardest trade to make right now? Buying more? Shorting? Sitting on cash?
I’ve not rushed into taking profits on our $NVDA long which is now up like 250% from where we were scaling into it back in April and May. But, partly because it’s a very hard trade to make, I think it’s time to trim another 10% of the position here, which is what I’m doing today, just out of discipline, locking in some profits.
I also have a new name I’m adding to the portfolio today too — putting the finishing touches on the article, so stay tuned for that.
And be sure to join me at 2:00 p.m. EST for today’s live Q&A in the Chat Room. You won’t want to miss out on the lively discussion and detailed questions and answers. If you can’t join me live, you can email your questions to support@tradingwithcody.com (or just hit reply on this email), and I’ll be sure to get them answered.