Santa Claus Rally?
I’ve been feeling a little apprehensive and antsy lately, mainly because it’s December and often it’s those weeks before Christmas that can become a Bear Trap. Hopefully, we’ll have a Santa Claus Rally after Christmas Day.
Cutting Your Losses
Portfolio Management in general can mean cutting your losses early on investments that can go sour. There’s no harm in that if you want to protect your winners and your profits. And, preserve or boost your percentage profit gains.
Hopefully, you have 3-5 winning stocks that offset your losing positions, until those losing positions go green.
I feel very confident that TSLA will continue to go up, and I think it will eventually hit 1K. I bought back in June and held on through the 5 for 1 split, and since then the stock has gone up dramatically from $177 a share to $640 a share. Maybe the move to Texas is a good one too. And the SpaceX endeavors indirectly help to boost the stock as well.
Shopify was killin’ it today, reaching new all-time highs.