I am witnessing a intense " euphoria " about any focus President Elect has indicated.....
YES...all that is a " major change from previous practices.....
BUT
Implementation takes time
Legislation will have a huge wait list
Cutting $3 Trillion from wasteful / efficient may take forever
Our latest darling " Bitcoin " has no end to higher & higher target
NOW Bitcoin has " Option trading ".....more & more fuel to Bitcoin fire....
In my many decades, I have NOT seen Euphoria of this level.....
My suggestion stay extremely underexposed in Bitcoin....
I Have " Zero exposure " in any bitcoin " as of 14 days ago....
YET Last week my entire portfolio was UP 18.55%
YTD UP 64.20%
This proves YOU do NOT have to take " unnecessary risk " when you can show conviction / patience in Non Euphoric ideas
I personally do not know or want to guess where Bitcoin will be until inauguration.....BUT there are tons of more stable ideas in front of you....which deserves to be in your portfolio
I have been a big proponent of Bitcoin for last 2 years and have made serious money from it.....
Please stay away from " Euphoric trades " until just before inauguration......
Good luck with your own thesis & comfort level.
BLOG does NOT give buy or sell.
Saleem
9 comments:
Glad you are finally home Salem.
Congrats on another awesome week and a stella year of gains.
Hi Stock Rookie,
Appreciated your feedback.....
More appointments with Cardiologist & more Echo.....
Please keep praying....
Saleem
Hi Saleem,
Wishing you are still on speedy recovery and congrats on your amazing results. It was a lot of hard works to achieve a phenomenal percentage gain this year. Your performance is 4X Cathie Wood's!!
I saw you added on SMCI but was reluctant to follow your lead. Your double down on it was a wise decision.
Michael.
Hi Michael,
Thanks for your appreciative message.
Many stocks gives you opportunity to take an aggressive position, BUT we second guess ourselves.....
Good luck with 2024 and beyond $$$$$
Saleem
Hi Saleem,
Sold PCT @ 12.84 on this rise and ahead of the secondary offering.
I am a bit behind today due to preparing for eye surgery tomorrow morning.
Stocktrader
Hi Saleem,
Incredible gains you have made this year - two in a row for a huge boost to your portfolio!
Stocktrader
Hi Stocktrader,
Thanks for your highly valued feedback.
This year I have stuck to few themes only and have played the swings within its own defined range.....
Even I am surprised that how much of a no brainer this approach IS.....
Good luck to you for 2024++++
Saleem
Hi Stocktrader,
Good luck with eye surgery...
Saleem
Stocktrader,
Praying for successful eye surgery🙏🙏🙏
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