Our Biggest Gainers & Losers of the Day in the $100,000 Build Portfolio

For the 15th July 2024:

You might’ve seen an article or two about Trump in the news.

Ya know, just the assassination attempt he survived. 💀

And who knew the market loved presidential candidates dodging bullets at rallies so much?!

Any stocks associated with Trump or with people that publicly supported him mooned today. 🚀🌕

That includes my biggest gainers for today - Bitcoin & Ethereum!

Bet you didn’t even know we had some crypto in the portfolio, eh?

It’s always made up a small part (never more than 10%) but Bitcoin & Ethereum were our biggest gainers today so it’s only right they get a mention!

So why would crypto spike on the back of something like this? 🤔

When investors see an event that can cause panic in the market, they’ll usually try & park some cash in “safe haven assets”. It used to be gold’s job but now we’re seeing it more & more in crypto too.

Terminator Trump isn’t solely to blame for the crypto rally, though.

Overall, the market mood is pretty optimistic.

Bitcoin bouncing back above $63,000. Ethereum ETF gaining more traction & hype. Speculation on other solid networks like Solana.

It’s giving a big confidence boost to the entire crypto space.

Bitcoin currently makes up 3.5% of the portfolio, Ethereum makes up 1.22%.

I’ll be looking to scale these positions up & add more portfolios into the mix as the portfolio grows.

It’s either one or the other with meme stocks.

I’m either printing cash or setting fire to it.

Today I need a fire extinguisher. 😬

Gamestop had already got some momentum in the past few weeks & I’d started loading up my shorts.

All looked good. Hit the resistance level I’d marked out & started making it’s way back down.

Perfect👌

(BTW all these shorts are on 5x leverage, so 2% down meant I was making a 10% gain)

But do you remember when I said stocks linked with people publicly promoting Trump mooned today?

Elon shows support, Tesla up nearly 7% at it’s peak.

Guess who else showed public support?

Ryan Cohen. The CEO of Gamestop.🤦

Gamestop rallied nearly 4% at close today.

Now that’s not ideal while I’m in on leveraged short positions but I actually don’t mind this.

I’m sitting on some cash right now in the portfolio so I’ve a) got enough buffer to cover my open positions & b) got enough to load up on even more short positions.

And that’s exactly what I’ll be looking to do on these false rallies. I’m happy to hold the existing positions. My next opens will be if we reach above $28.

Gamestop currently makes up just over 22% of the portfolio & happy to go up to 30ish%.

I’m shooting for a take profit of $22.50 which I think is really quite conservative. That’ll set me at just over $1,000 on my current positions.

Unless we get another news based catalyst, this one looks like it’s running out of steam… back to my money printer.💰

That’s all! See you same time tomorrow 👋

P.S Hit reply & let me know what you thought of today’s newsletter. All feedback is welcomed ❤️