Trade Alert: Trimming my two biggest positions
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Well, Facebook is at all-time highs. Apple’s been crawling back up within 5% its recent all-time highs again. Ambarella is up 6% today back above $50 a share. If you were scared when they were down in the recent downdraft, then now is the time to think about trimming down some of those and/or other positions in our/your portfolio.
Indeed, I am going to go ahead and trim 5% of my Facebook and Apple here in part because they are quite a bit bigger than my #3 position, Google.
Ebb and flow. Trim into strength, add on weakness. Have conviction about the longer-term trends and great management. Bet bigger when the risk/reward is favorable. Have a playbook. You’re seeing me do all that in real-time and over time. That’s why TradingWithCody.com makes a great gift. Thanks and peace and happy holidays. Rock on.
