Monthly Report (November, 2020)

 

November (2020), second month of the last Quarter, 2020

 

Dear Copier and Followers,

the month of November was the month where we collected some of the fruits of the work done during the last two months of consolidation.

We closed this month with almost 9% profit for the month which brings the intermediate profit for the fourth quarter of our trading to about 6.2% of profits.

The gold and TLT (ETF that trades long term American Bond Treasuries), continued their decline during this month. For this reason we kept slowly increasing our positions on these defensive assets in preparation of a pool back or correction that could happen any time during the next weeks or months.

On the other front we aggressively traded strong growth stocks such as Tesla, Ba (which might be close to its consolidation phase completion), financials such as JPM, etc.

Figure 1 shows the structure of our Portfolio at the beginning of Dec.

 

Figure 1: Portfolio end of October

The ETFs occupy still the largest portion, on Figure 2, can be seen what the structure of the ETFs we are investing in.

 

We increased our positions on crypto (BTC) during the middle of the months to harvest some profits from the run up of BTC, then we cashed out most of our positions because a pool back might be close so only 0.56% of our portfolio is currently on Crypto.

 

Figure 2: ETF main composition

The TLT occupy the largest % of the portfolio with a 41.67% of the total portfolio, this should allow us to stabilize the portfolio against potential shocks on the market.

 

The second largest are gold miners and gold related assets, this because I expect that the gold is close to the completion of its correction and going into consolidation, soon it might begin a new uptrend.

 

The catalyst might be the approval of new "relief packet" for the American people or/and the expected devaluation of the dollar during the next months and maybe years.

Figure 3 shows the stock composition of the portfolio.

Figure 3: Stock composition

The largest position is on Barric Gold, which I believe is positioned to move higher as soon as the gold completes it's correction phase. Anyway is a good hedge against a market that run upward a lot and it's showing some symptoms of "exuberance", thus might run soon into some short term trouble.

We will be trading the surely very interesting month of Dec trying to compromise between aggressiveness and protection.

 

I hope to close also this quarter in profit and continue the recovery from the first quarter losses.

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.
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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.
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