WEEK 29 SUMMARY

Hello guys!

July is penalizing us a lot this year as the nasdaq sets new records every day, closing the week with a 2.84% gain while our portfolio "fortunately" closes flat.

I say fortunately because I was convinced to close the week in the red instead we are slightly positive.

Nasdaq always pushed by Bigtech and in the last day pushed by Social after the good earnings of Snapchat and Twitter.

We are increasingly penalized by Chinese stock and on Friday another blow following a report by the Beijing government in which it banned foreign capital from investing in Chinese companies and prohibited the fundraiser through the share prices of companies in the sector educational.

Although the report does not affect us directly, the fear and uncertainty linked to the severe restrictions that the Chinese government is intensifying against those listed abroad affects all companies.

Doyu lower and lower, at this point they could push it down to $ 1. Incredible, I was so tempted to open a position but we are already extremely exposed and to be honest I can't see the bottom of it. I hope this bad fall will end and we are back to "healthy" levels. I don't like to say it but in the short term only the WSB case would help to lift it.

Also Yadea, who in the past gave us good earnings (11 times invested), broke the excellent support at $ 15.50 gained in the last 4 months, next stop at $ 13.60? Or is it a false breakup? Anyway, let's just sit back and watch for a while.

Crypto after the B-word had a great recovery and on Saturday they performed very well! Let's hope they continue like this, we are still far from recovering at least the current losses.

Performance: 3/5 - A week marked by the poor performance of Chinese equities, however 6 of the 9 open positions were closed within 1-2 days. So great!

Satisfaction: 2/5 - There were some buying opportunities, but I cannot be satisfied seeing the excellent performance of the Nasdaq

However let's see our TOP and FLOP 3 of our portfolio:

TOP 3:

1. ETSY + 13.25%

2. PINS + 11.90%

3. IOTA + 9.17%

Our FLOP 3 instead consists of:

1. DOYU: - 12.85%

2. YADEA: -9.09%

3. TTCF: - 3.70%

Yadea and Doyu have a total weight of 20% of our portfolio .. so yes, these losses have marked us quite a lot even if we close the week slightly positively. Let's hope for a rebound!

Now let's move on to closed positions:

• Total open operations: 9

• Total closed transactions: 6

• Profitable: 100%

• Average duration of the operation: 2 days

• P / L total asset: 0.55%,

• P / L total asset daily: 0.38%

So let's beat our weekly target

Here the report of the closed operations:

I would be delighted if you would like to leave me a Feedback to simplify the reading of the report.

I will elaborate a post on how to read the weekly report but in a nutshell it can be summarized as follows:

• Duration: number of days of the operation, 1 day is an intraday (open and closed on the same day)

• P / L%: gain or loss in% of the assets invested in the transaction

• P / L% daily: gain or loss in% of the assets invested in the transaction compared to the duration expressed in days

• P / L total asset: gain or loss as a% of the total assets available

• P / L total asset daily: gain or loss in% of the total assets available compared to the duration expressed in days

If you intend to copy me you are welcome, you are free to start with the minimum amount and gradually add funds if you want!

But first take a look at my background:

𝗕𝗮𝗰𝗸𝗴𝗿𝗼𝘂𝗻𝗱

I consider myself a long-term investor, however I realized that investing in the long term and being copied do not agree on Etoro. In fact, keeping operations open for a long time will cause misalignments with the copier's portfolios. This is why I have decided to operate exclusively in the short term (days or weeks) to avoid misalignments. Precisely for this reason I will always carry out more operations with the mentality of the long term. This means that it is a speculative portfolio, I will not invest in the stocks of the moment, but I will rely on my fundamental and technical analyzes. I don't like investing in many companies, the maximum number for me is 30, plus I'd find it hard to keep up to date. Few but good, I am still constantly looking for new companies that can enter my portfolio to diversify as much as possible.

• Target - Get a profit of 20-30% in one year

• Risk - between 5-6

That's all for today, I wish you a good night / day / evening!