I decided to sell my Tesla holdings and take profit. Not as big a percentage gain compared to the sale of my SEA, Invesco QQQ and Nvidia holdings on Fri. My percentage gain on the sale of my Tesla holdings is about 15%. In absolute terms, it translates to about a US$3,000 gain on a US$20,000 position. And I should be receiving my US$23,000 sale proceeds this week. The US tech stocks are on a tear recently and I have been cashing in the profits on selected US tech stocks in my investment portfolio that have done well.
I’m new to this US growth stocks investing strategy and only started building up my position in them late last year. I averaged down on all of my positions throughout this year to varying degrees. The problem was that everything seemed so new and exciting and I started buying into too many US tech stocks and active ETFs....