2 Positions Added To My Portfolio

I added two positions to my portfolio today - fundamentals AND technicals agree. I explain both and give you the support levels.

FEAR

😱 Markets traded fear today.

💹Bonds were up (yields down) as people got scared of more bank insolvency.

🥇Gold was up as people run to the safe haven in times of fear.

🛢Energy got crushed as recession fears mount. Oil at a multiyear low.

💀Uranium hitting lows of July 2022.

While others panic sell…I look to add.

As a result of what is unfolding, I stepped into the market today and added two positions to my portfolio.

When I see an opportunity to buy something that fits both my fundamental thesis AND my technical buy level, I pull the trigger.

Today was an opportunity, no doubt.

But I didn’t just buy willy-nilly. I’ve been patient.

Before I show you the charts and explain why I bought these two today, understand my time horizons and manner in which I either initiate or add to a position. I stepped into these positions with a portion of my ‘full position’….not all of it.

For example, if I decide to commit $3,000 to a specific trade, I’ll initiate with 1/3 or $1,000. If it immediate runs up, I’m a participant. If it comes down to my next level, I’ll add another 1/3.

I’m excited I got to buy these two as I’ve been waiting for these exact levels to hit.