As Thursday’s market trading draws to a close, many of the stocks we rolled out in Q3 have delivered outstanding performance. The overall gains are truly delightful—so delightful that you almost feel like immediately launching into cheers and celebrations.
Specifically, familiar old friends like NOW, as well as SPCX, which was newly added to the portfolio in August, have both shown strong momentum. At the same time, assets in the long-dormant crypto space have finally started to pick up. HOOD, which we almost sold off just a few days ago, surged by 16%. COIN and CRCL also made notable progress. Looking back on these past few days of trading, it’s a relief that on Monday’s big market rally we took partial profits prudently. Then on Tuesday, when the market saw a sharp drop, we held steady under pressure instead of selling. And when NOW pulled back on Wednesday, we remained firm in our position. This string of twists and turns also underscores a reality: there are currently many false breakouts in the market, and investors can very easily be misled by price charts.
However, we can’t celebrate too early just yet. Inevitably, there are always regrets along the road of trading. The wonderful and dramatic part of asset allocation is that, in our account, there are still two stocks—MU and SNDK—that continue to sit there quietly with no signs of movement. Watching their motionless performance is genuinely both laughable and a bit helpless.
Specifically, familiar old friends like NOW, as well as SPCX, which was newly added to the portfolio in August, have both shown strong momentum. At the same time, assets in the long-dormant crypto space have finally started to pick up. HOOD, which we almost sold off just a few days ago, surged by 16%. COIN and CRCL also made notable progress. Looking back on these past few days of trading, it’s a relief that on Monday’s big market rally we took partial profits prudently. Then on Tuesday, when the market saw a sharp drop, we held steady under pressure instead of selling. And when NOW pulled back on Wednesday, we remained firm in our position. This string of twists and turns also underscores a reality: there are currently many false breakouts in the market, and investors can very easily be misled by price charts.
However, we can’t celebrate too early just yet. Inevitably, there are always regrets along the road of trading. The wonderful and dramatic part of asset allocation is that, in our account, there are still two stocks—MU and SNDK—that continue to sit there quietly with no signs of movement. Watching their motionless performance is genuinely both laughable and a bit helpless.