The past 2 weeks have been a bounce back from the January 24-28 lows we saw in QQQ and SPY. Many high flying techstocks have put on 20%-50% returns in the past two weeks. This doesn't save the 50% reduction many of these stocks saw in January 2021, but don't forget that the market is only forward looking. It doesn't care what happened historically.
Tech stocks:
- NET = $80 –> $113
- ZS = $230 –> 270
- DDOG = $125 –> $151
- SNOW = $250 –> $290
- CRWD = $160 –> $185
Clean energy:
- ENPH = $120 –> $170
- SEDG = $220 –> $250
AdTech:
- APPS = $37 –> $45
- TTD = $60 –> $78
EV:
- NIO = $20 –> $25
- TSLA = $800 –> $950
Remember to manage your risk, be humble about your gains, and make a strategy going forward. This exuberance is the same thing that happened in January 2021, May 2021, October 2021. Don't get caught up in “buying on the way up” then “bagholding on the way down”. Manage your risk!
Again, be humble about your gains and always remember to sell to lock in gains. During volatility, its important to sell some (even a little bit) to lock in some wins. Keep long conviction holds where you don't check the price every day. Never fall in love with a stock, no matter how well or how poorly its performing. Understand that fundamentals will matter in the end. And always manage risk.
(Again, managing risk means understand what the true downside of every stock is, how much money you're keeping on the side for buying into dips, and creating an exit strategy for every stock no matter if its a long term hold or a short term flip).
If you feel like you're getting wiped by this volatile market, maybe try more humility. Sell into green and buy into red. Change your strategy if you feel like you're constantly losing.
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