We're 9 months into 2026. Only 3 months left.
I was going through my journal this morning — I've made around 35 closed trades this year, outside of my 13 current holdings. A few years ago? That number would've been 200+.
Yet with far less activity, I'm up close to 90% YTD.
The biggest shift has been learning to think longer term. Find the right themes early. Own the strongest businesses. Get the technicals and fundamentals right. Build a good cost basis. Size appropriately. Then give the thesis time to work.
I can't emphasize enough how much discipline matters. Finding a great stock is one thing. Having the discipline to sit tight and let it work is another.
Semiconductors were easily my biggest win this year.
I positioned early and gave those positions time:
$MRVL +173%
$ARM +155%
$MU +146%
I took profits on several names while continuing to hold a few leaders in the theme.
Another major lesson: position sizing matters.
Many of my winners started around 5% and naturally grew into 10-15%+ positions as the stocks appreciated. Most of my losing positions were 2-3%, or less than 5% of the portfolio. So when I was wrong, the impact stayed small.
During the June/July pullback, I started positioning into software, crypto, newer semiconductor names, and a few other themes I believe have long-term potential.
The more I refine my framework, the more I realize: less is more. I've evolved into a position trader and long-term investor. I'd rather own the right leaders, sit through normal volatility, let the fundamentals compound, and give the bigger trend time to play out.
You don't build outsized returns by making more decisions. You build them by making the right decisions and having the patience to sit tight.
I was going through my journal this morning — I've made around 35 closed trades this year, outside of my 13 current holdings. A few years ago? That number would've been 200+.
Yet with far less activity, I'm up close to 90% YTD.
The biggest shift has been learning to think longer term. Find the right themes early. Own the strongest businesses. Get the technicals and fundamentals right. Build a good cost basis. Size appropriately. Then give the thesis time to work.
I can't emphasize enough how much discipline matters. Finding a great stock is one thing. Having the discipline to sit tight and let it work is another.
Semiconductors were easily my biggest win this year.
I positioned early and gave those positions time:
$MRVL +173%
$ARM +155%
$MU +146%
I took profits on several names while continuing to hold a few leaders in the theme.
Another major lesson: position sizing matters.
Many of my winners started around 5% and naturally grew into 10-15%+ positions as the stocks appreciated. Most of my losing positions were 2-3%, or less than 5% of the portfolio. So when I was wrong, the impact stayed small.
During the June/July pullback, I started positioning into software, crypto, newer semiconductor names, and a few other themes I believe have long-term potential.
The more I refine my framework, the more I realize: less is more. I've evolved into a position trader and long-term investor. I'd rather own the right leaders, sit through normal volatility, let the fundamentals compound, and give the bigger trend time to play out.
You don't build outsized returns by making more decisions. You build them by making the right decisions and having the patience to sit tight.
