I think the long-feared (not awaited) market correction is still some wsy off. Still the market is very like to be choppy with lot of sideways movementbut a drastic correction is still not here - it depends on how the US poll scenario develops. A series of major and minor adjustments would be vkming before the next move. Hedging my portfolio risk will be through diversification and stop loss. Will the stock market rebound this week - hopefully so but the choppy movement is more likely of a normal for some months.
$NVIDIA Corp(NVDA)$ Investing in any stock is a test of patience along with research and conviction. One has to keep ones cool through a barrage of short-term fluctuations. And, not to mention, the market alway springs unpleasant surprises. Having a constant source of insights and information will help you build the resilience to invest for the long term. All this is true of Nvidia as well as long as the overall industry trend holds good. I've a strategy to add around 10 shares for every 1% dip in its price to make a total corpus of 1000 shares for a target of $150 in 1-2 quarters.
I hold all the 3 stocks. And I have made money on all three. My personal favourite of these is Microsoft - for the simple breadth of offerings touching our daily lives consistently across decades. Wish they had taken their mobile business seriously as it could been a potential cash cow - somehow it missed the bus and part from killing Nokia didnt achieve much. Amazon, being at almost $195 now, could very well breach $200 this week or surely next week. As for Alphabet is also in its own league after some docile performances over the quarters. Pretty exciting times.
$NVIDIA Corp(NVDA)$ i will certainly try to add more if Nvidia dips further. However I will do it in tranches. Say something like shares at every 1% dip from here on to take my total holdings to something like 1000 total shares. And then hold - like Po says his words of wisdom in the immortal classic Kungfu Panda: "inner peace"!
Both Baba and Pfizer are appearing to bequite undervalued now. In addition, we can look at Johnson & Johnson, McDonald's, Verizon Communications & American Water Works to be valuable.
$Tesla Motors(TSLA)$ Personally I don't take calls based solely on Tesla's delivery data. It us but an indicator amongstmany otgers. As a trader, I think the target price for Tesla now cud be around $200 that it may break through around July 2024 end - again depending on overall Q2 and YoY performance.
In a decade I see Tiger as the best in class platform for trading in Asia and globally as well. In terms of customers, total AUM and geos and last but not the least the features offered as well, it would be the best.
$NVIDIA Corp(NVDA)$ 150 coming in my opinion by Q3. Like Buffet said one need to study whole industries before deciding whether to invest in a stock. The AI story is just building up and the whole unravelling is going to take time. So writing off any stock in any sector, whether nvidia or any others based on a week or two, is unwise. Be on the watch, keep conviction in your research and act accordingly. As for myself, nvidia holds potential and that is a stick to hold for the long run.
My portfolio has been a mixed bag thus far with superstars like nvidia and duds like Tesla & AMD both figuring in it in H1 2024. It taught many lessons viz. Patience, the importance of picking quality & sticking with it, the need for conviction & self-belief above everything else humility. Looking forward to a successful 2024 overall.
$Trump Media & Technology(DJT)$ tragedy is these 2 persons having the face off for POTUS which is perhaps a reflection of the paucity of leadership in the US. And I believe DJT could obviously benefit depending on how Trump performs in these debates, which could be easier considering Biden's age. So far, DJT has been firing on all cylinders since 3 days and could go past 100 should Trump emerge successful.
I think I will be in for the long run. I have made a handsome margin in this counter and see a good future to the company too. So much that I see the present fall as a blip rather than something to be worried about yet. If it falls down 5+% further I'd use the opportunity to add more to my holdings.
That the stock market is due for an overdue correction, big or small, has been discussed from a long time. Further to this, 2024 is seeing a whopping 64 countries going for elections which makes for messy times. A bearish trend in interest rates, inflation, market dynamics and stock valuations Is also expected. Gold & oil prices as well as the petrodollar uncertainty doesn't help matters. But this uncertainty is alwaysva staple for the markets and we are never going to see a rosy market ever really. So , the key to handle these corrections and re-adjustments is to have a formal framework viz. Being flexible to market movements is crucial followed hy risk managemet in the portfolio to balance ecposure with potential and risk reward ratio. Do profit booking regularly, b
A mix of both viz. High win rate and high profit is ideal. And is that possible? My answer is an emphatic yes, with scientific usage of stop loss, risk management and a laser sharp focus on the portfolio and the overall market.
This is an exciting development. Historically both firms have been hard-core competitors and it will be interesting how this initiative pans out and what collaborations and market opportunities they create and the synergy it results in.