Monthly Report (September, 2020)

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September (2020), first month in the last six months in red


Dear Copier and Followers,


the typically difficult September month ended with a loss of 2,22% in a month rather volatile and during which our Portfolio has been consolidating through the first actual Nasdaq correction since the March/April oil/Covid caused collapse.

We completed our third trading quarter of 2020 with a 3.91% profit, with a risk factor at an average of 3 with maximum of 4. Considering how complicated this quarter was I feel that this is a positive result.

The TLT we own produced very limited protection to the stock correction, which indicates that the FED is stealthily suspended its balance sheet expansion in order to gain some extra ammunition to use if the situation deteriorates further.
 
Trump is ill with Covid-19, how will this impact the stock markets and the presidential?
Hard to say, we will try to be ready for whatever comes our way during the next weeks.

Figure 1 shows the structure of our portfolio entering next quarter.

 

Figure 1: Portfolio composition

 

 The ETFs became the larger portion of the Portfolio composed mostly by protective assets such as TLT and XLU, and some volatile but recession prof assets such as gold miners GDXJ, and Barric Gold.

Figure 2 shows more into details the ETF structure.

 

Figure 2: ETF composition

 But we are stock traders after all, so a certain % of TQQQ will be how we will try to play the volatility of the markets and the bounds back up in the months to come.


Among the stocks we still hold are mostly gold miners such as Barric Gold, and promising for the future stocks that have been punished very heavily from the covid such as GWPH, Ba and Dal.



Figure 3: Stock composition


I would expect that gold will complete the current consolidation phase soon and begin to rise again, during years end and beyond, and I plane to gain some profits from it.

This is actually a good period to increase your copy because I believe we can gain some good profits from the high volatility we most likely see during the next 12 months of trading.


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

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