Over the past month I’ve collected several rounds of angel funding one after another, and the stuff in my hands is gradually getting unlocked — finally at a scale where trading actually means something. Maybe, if I play my cards right, feeding myself independently isn’t impossible. Of course, the prerequisites for that hypothesis are still a bit hard to meet.
First off, I remain an NVDA fan — have been for a long time, actually. NVDA is definitely going to be the overweight slice of my portfolio; my expectation is roughly half of everything excluding cash. I’ve been scaling in step by step lately, since all the factors in play right now are genuinely complicated. So, to be clear: my cost basis sits a little below the average line of these past few days. I know NVDA is still a superstar — neither its P/E nor its forward P/E can possibly be called cheap, fine, even pricey — but I still believe in its ultra-long-term returns.
The rest of the position building is mostly grabbing some tech stocks on sale (meaning their P/E and moving-average levels), while still clutching more than half in cash. I won’t name the bargain tech names — I bought a fairly internet-famous one. It’s been drifting lower these past few days, the slow-bleed kind of dip, but anyway this one is definitely long-term, so I’m not particularly fussed.
A couple of days ago my bank had a purchase coupon: make two large transactions and get 750 HKD in total rewards. I thought the reward was honestly juicy, and it expires right away if unused. So, since I was about to mobilize the full force of my pant pocket to smash out a large trade anyway, why not get greedy and do a T-day trade on NVDA. If I could pull off a leopard-cat-for-the-crown-prince swap (the classic switcheroo), that would be profit on top of profit.
After watching the tape for half an hour, once the chop settled into a pattern I thought I could recognize, I yolo’d. In hindsight, the entry on this T wasn’t outrageous price-wise — it even caught the day’s relative low; but honestly, that whole night felt terrible. Not only were many of my short-term reads badly off, this style of trading — leaning on short-term rhythm calls and eating pressure live — really doesn’t suit me. Even though I ended up making $0.6 a share, a little kway-teow money, it doesn’t change the fact that the experience was awful.
Wrap-Up
Anyway, I find my experience in this field growing fast, and I’m slowly learning to keep my cool. At the same time, my current allocation is basically the trade-off equilibrium between the two schools of thought in my head — roughly the intersection of greed and risk aversion. Out of privacy I won’t overshare the detailed holdings and ratios. Let’s sit tight and wait for US stocks’ long-term performance.
Stay tuned for more updates on my trading journey!
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