Monthly Report (July, 2020)

July (2020), fourth profitable month in a row

Dear Copier and Followers,

I am glad to announce that we have completed the fourth month in a row in profits.

The month of July concluded with about 3,75% of profits.

We continued to work to stabilize the Risk Factor which now is back to an average of 3 and maximum value of 4.

Figure 1: PortFolio Composition

 
This month we tried to be rather aggressive, we moved to from record of about 40% cash to a very low level of 6% within a few weeks, then we started to move out again from some trades locking in some good profits.

The market seems to begin giving signs of euphoria, partly justified from the blowout quarterly reports of the big tech companies, anyway many issues are still on the horizon from the exploding small corporate debts, to the presidential elections, Brexit and the development of Covid.

Figure 2: ETFs structure (mostly defensive)

It's easy to predict that the volatility will continue to be higher than average which means also high risks of corrections, for this reason we will keep a very high level of protection as you can see from the Figure 1, 2 and 3 that show a bit more how our portfolio was structured the last trading day of July.

Figure 3: Stocks structure (Note: the largest Stock is Barric Gold)

The Boeing stock is also one of the largest holding in this current portfolio. I believe that the worst news have been released with this earning call, and the cascade of downgrades is approaching it's peak.
After it bottom, I am expecting a period of consolidation, difficult to predict, after that a steady rise of at least 100% in value during the second half of the next year.

We also shopped a bit of BTC.

From now on in order to help my reader to keep track of what's going with the yearly performance, I will begin to release a sort of Quarterly Earnings for this Portfolio, just like Corporations do.

Summary

First quarter: 54,51% Loss (this quarter was impacted with a big loss due to the Covid and oil induced market collapse which hit very hard BA and many other stocks).
Second quarter: 21%
Third quarter: currently going on, started with a 3,75% profits for July. 


I thank my Copiers and Followers for the confidence and I wish you a great time moving forward.

Daniele

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The graphs and prices shown in this analysis were taken using as a source www.etoro.com, the platform I am using for my trading as DanieleTrader.
Whoever is interested to follow my trading activity there is welcome to subscribe to the platform using the following link and follow me or Copy-Trade my activity:

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Disclaimer

The content published in this blog represents my personal view.

It is intended for information and educational purposes only and should not be considered investment advice or an investment recommendation.
The reader is solely responsible for his/her investment choices.