- 2 May 2020
- Posted by: Vincenzo Stefanini
- Category: Investing & Trading
?This is the latest update about my investment portfolio on eToro.
Table of Contents
Indices
? I’m still SHORT on the Nasdaq via $SQQQ (ProShares UltraPro Short QQQ), the ETF that provides three times the inverse exposure of the daily performance of the NASDAQ 100 Index.
I’m going to keep my 2 positions open because I’m expecting the market to go down again.
The Nasdaq ($NSDQ100) broke the short term upward trend line, so this is confirming my expectation, however, if the market keeps going up, it will trigger my stop loss.
Same for the S&P 500 ($SPX500) and the Dow Jones ($DJ30).
These two are trading below the 200 moving average, but the Nasdaq is trading above that.
However the fundamentals are still not good (high unemployment rate, lockdown still in place, a lot of businesses are closed, etc).
Commodities
Gold ($GOLD) is moving sideways, in a range between $1680 and $1730.
Silver ($SILVER) is also moving sideways, in a range between $14.70 and $15.70.
So at the moment, I prefer to stay out and wait to see what happens next.
Oil ($OIL) broke the downward trend line, so it might go up, but we should wait for a retest.
I won’t be surprised if it goes down, however, as the lockdown is still in place.
I currently have 4 LONG positions on the ETF $USO and one pending order.
If it goes up, I’m happy, but if it goes down more I will just open new LONG positions.
Cryptocurrencies
? Bitcoin ($BTC) went up a lot in a few days and it’s currently testing the resistance at around $8900. The next will be at around $9500.
If it can break above $9500 it will be a strong bullish signal.
Before that, it could retest the support at $8300 and around $7800.
Either way, I’m going to hold my LONG positions, because in the long term I’m still bullish.
The Bitcoin halving will happen in about 9 days and I’m still expecting the price of Bitcoin and all the Altcoins to go up. ?
P.s. if you want to invest only in Bitcoin, you can copy my second account dedicated only to Bitcoin investing.
? All the other crypto, such as Ethereum ($ETHEREUM), Ethereum Classic ($ETC), Stellar ($XLM), NEO ($NEO), EOS ($EOS), Cardano ($ADA), IOTA ($MIOTA), ZCASH ($ZEC), TRON ($TRX), Tezos ($XTZ), Binance Coin ($BNB), Bitcoin Cash ($BCH), Ripple ($XRP), Dash ($DASH) and Litecoin ($LTC) all look in an uptrend at the moment, which is great, because I have LONG positions.
I tend to avoid investing in a single stock because I prefer to diversify the risk and rather invest in an ETF tracking an Index.
?⚕️ However, I’m still LONG on $SAN.PA (Sanofi), which is a French company in the Healthcare sector, because it might be one of the companies that might find the vaccine for the Coronavirus.
I might be wrong on this, so I’ve invested only a small percentage on this stock, to reduce the risk of loss.
So far, this position is at more than 15% profit.
My Investment Strategy
? My investment strategy is for long-term growth (capital gain).
? My portfolio is structured to protect and grow the capital also during a financial crisis and a global recession (so it’s perfect for the current situation in 2020).
? Asset allocation: 94.51% on cryptos, 2.97% on ETFs, 1.57% on commodities and 0.95% on stocks.
? My portfolio is very volatile, due to the current asset allocation based mainly on cryptocurrencies.
? April’s performance: +30.50%
? My copier’s April’s performance: up to +36.54%
? I have 205 followers and 9 copiers (+2 new copiers in the last 7 days).
7️⃣ My average risk score of the last 7 days is: 7
? Assets under management: less than $50,000
? Portfolio active since October 2017 (almost 3 years)
⏳ Most of my positions are open for a long time (months or years), but I’m going to do more short term trades going forward.
??? I manage and monitor the portfolio manually, every day.
? I send recurring reports to all my copiers and I share it also on my website here.
Copy my investment portfolio
✅ Copy open positions and keep the copy for the long term.
? Recommended copy amount: $1000 or more
1️⃣ 2 new copiers since the last update a few days ago.
Disclaimer
I’m not a financial advisor.
Any opinions that I publish may be wrong and may change at any time.
You should always carry out your own independent verification of facts and data before making any investment decisions.
If you are unsure of any investment decision you should seek a professional financial advisor.
I do not accept any liability for any loss or damage which is incurred from you acting or not acting as a result of reading any of my publications.
You acknowledge that you use the information I provide at your own risk.
eToro Disclaimer
Please be aware that all trading involves risk. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. This content is for educational purposes only and is not investment advice.
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