Recording summary · March 2021
The stock market crash of 2021 is OVER -)
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Overview
The 2021 market correction connected to Treasury bond auction yields subsided as the 10-year Treasury auction yield stabilized around 1.5%.
Daniel liquidated previous positions in oil and bank stocks to re-enter tech and growth investments, focusing allocations primarily on Tesla and Bitcoin mining companies.
Portfolio losses reached roughly 40% from peak gains, with holdings spanning Tesla, Riot Blockchain, Argo Blockchain, Bionano Genomics, Bank of America, and an eToro account combining copy trades with ARK Invest assets.
Daniel maintains cash reserves and Bank of America shares as an inflation hedge while planning to buy further tech dips, balancing expectations of higher prices for Bitcoin and Tesla against admitted struggles with market timing.
Daniel expresses hope for an ARK Invest rebound following substantial ETF drops and dip-buying by Cathie Wood, while remaining relatively unconcerned about the delegated eToro portfolio.
Themes
Treasury bond auction impacts on stock market corrections and yield stabilization around 1.5%.
Analyst projections of a concluding bull market rally followed by a larger correction later in the year.
Pivoting capital from BNGO, NIO, Microvision, oil, and banks into Tesla and Bitcoin mining stocks.
Regrets regarding missed earlier purchases of Bitcoin or Bitcoin miners during the prior autumn.
Current portfolio allocations across accounts, incorporating Riot Blockchain, Argo Blockchain, Tesla, Bionano Genomics, and Bank of America.
Trading performance and risk management, covering missed market bottoms and holding cash for dips.
Composition of the eToro account, including copy trades and ARK Invest positions.
Developments
A 3-year Treasury auction concluded, followed the next day by the completion of a 10-year Treasury bond auction.
Daniel sold out of oil and bank stocks and began repurchasing tech shares.
Daniel purchased shares of Tesla at approximately $660.
Daniel bought 119 shares of Riot Blockchain for £5,000.
Daniel invested £4,600 into Argo Blockchain.
Daniel placed £1,000 into BNGO to secure 150 shares.
Uncertainties & gaps
Whether the stock market will encounter another substantial correction toward the end of the year after a possible bull run.
Whether Argo Blockchain will list on the NASDAQ and appreciate, or force an exit at a loss.
Whether Tesla shares will fall back to the low £600s or $500s or rebound toward £800.
Whether ARK Invest portfolios will recover more strongly than other holdings following market recovery.
Whether Bitcoin will reach $60,000 or $70,000 after spring or during summer.
Whether Tesla will advance to $900 or $1,000 after climbing back into the $800 range.
Whether the remainder of the week will see additional drops in the market or if a crash would provide a better entry for Tesla.