Forward in order: This is the terror of a billion-dollar short position. I informed a few days ago. The big institutions have already laid their trap. Nvda has suffered heavily from shorting by big institutions. Looking at the portfolios of super rich, investor data of 50 billion in assets, less than 50 percent of people are bullish on Nvda or buying Nvda at a price above 100. The big families are not in a hurry, and we shouldn't be too hasty either. It was a correct decision for me to keep 65-70% cash this week. Today I will use 10% of the funds to buy. This month, I will look for opportunities to go all in. This is also the fifth opportunity for me to go all in this year. But it's not going to be today. There will be a killer opportunity this month. But still, to avoid kicking air, I will buy a little qqq today.
Today, I will start buying QQQ in several batches at prices ranging from 447-450, using 10 percent of my portfolio funds. Everyone should decide on their own purchase price and not wait for me to buy. If you get stuck, we can still expect QQQ to reach 482 in October and 510 next year.
However, it should be noted that QQQ may drop to 415 in September. Everything depends on the Fed meeting on September 18th. Buying a little today is to avoid missing out and the pressure of being stuck is not significant.
Many times people ask me why I don't heavily buy nvdl soxl tqqq? My answer is if the stock market hasn't reached the limit of my system, I won't easily heavily invest in 3x. I have always emphasized to everyone about investment and wealth management, position management. nvda has a P/E drop of 20...