Sunday, November 24, 2024

Intense euphoria about " Trumponomics "

 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:

Stock Rookie said...

Glad you are finally home Salem.

Congrats on another awesome week and a stella year of gains.

Stocks100 said...

Hi Stock Rookie,

Appreciated your feedback.....

More appointments with Cardiologist & more Echo.....

Please keep praying....

Saleem

Michael said...

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.

Stocks100 said...

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

stocktrader_1996 said...

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

stocktrader_1996 said...

Hi Saleem,

Incredible gains you have made this year - two in a row for a huge boost to your portfolio!

Stocktrader

Stocks100 said...

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

Stocks100 said...

Hi Stocktrader,

Good luck with eye surgery...

Saleem

Stock Rookie said...

Stocktrader,
Praying for successful eye surgery🙏🙏🙏