What I’m Trading: Adrian

Occupation: Operations and Customer Success
Industry: Financial Services
Age: 20
Location: Australia
Stake Portfolio Size: ~$15k USD

What’s in your portfolio?

At the moment a pretty large proportion of my portfolio is in cash. My portfolio composition changes very frequently as I trade pretty actively. At the time of writing I’m trading PENN, SPOT, APPS and JMIA

What’s on your watchlist?

My watchlist consists of a few categories of stocks. The first group gives me an indication of how the market is performing generally – it includes indexes (or index tracking ETF’s) like SPY, QQQ, etc. The markets page on the Stake app is awesome for this. I then also watch other big names like AAPL, AMZN, etc for this same purpose.

The next group of stocks that I watch are from industries that are showing promise. Right now I’m tracking mainly tech and renewable-related stocks. This includes stocks like TSLA, NKLA, NIO, APPS and BE.

I then watch any other stocks that come up on my stock screener. I mainly screen for stocks that have the potential to breakout. Here I’m looking for stocks at or near 3-6 month highs with considerably higher volume than normal. I also consider the MACD as an indication of momentum.

Tell us about your biggest win?

I’m not sure of my biggest win, but my first big win was over a year ago with TIGR. I traded it from a share price around $10 for a 100%+ gain over 3 or 4 trades spanning a week or two which I was pretty happy with at the time. I also made a very small TVIX trade around the start of the COVID-19 pandemic which at its peak was up about 950% before coming back down.

What’s your prediction on the market?

I’m not all that optimistic about the market at the moment and think we could be in a pretty concerning position. However having said that, I’ve been concerned for quite some time now and sitting on cash has had a huge opportunity cost with how quickly the markets have bounced back. My concerns are really centred around the response of the Fed. I’m a believer that markets should follow natural patterns and that the Fed should be there to smooth out these patterns – not to actually change the direction of markets. The long term direction of the markets I feel should be shaped by fiscal policy. At the moment I feel like we’re in an experiment that no one really knows the outcome of which is why I’m hanging on to more cash than I normally would be. But having said all this, I think it’s also important to trade what you see rather than what you think.

ICYMI: make your own decisions

This is not investment advice, just my opinion. It doesn’t reflect any opinions of Stake. I’m as fresh to this as the next person off the street. Do your own research and make your own decisions.

Related Posts →

The Wrap
September 30, 2020

🗞️The Wrap: Poker Face

We head into Q3 with some lessons from the felt, the fuss about direct listings and making money selling shovels.
FeaturedStake Updates
September 29, 2020

Chegamos na América Latina!

Agora você já pode acessar o mercado de ações dos EUA como nunca antes.
The Wrap
September 23, 2020

🗞️The Wrap: Shades

Amazon’s billion dollar farm system, new faces in the S&P500 and we hear from the key cog in Stake’s engine,…