‘Welcome to my little investing journal’ I type out into the void. To anyone who may actually be reading this hello, welcome, please don’t expect anything of value. This is going to be a tool for me to both keep myself publically accountable, record my investing thoughts and ideas and provide a source of self reflection in the future. A little introduction: I am a 21 year old physics student looking to go into finance as a career. I’ve found a love for finance, the beautiful combination of the qualitative and the quantitative along with the gamification and competitive nature of the industry. This love has been satiated over the last year and a half by reading, watching, listening to and experiencing everything that I could find. My performance over the past year and a half has been pretty abysmal. My stock picking has been satisfactory but my portfolio management and risk management has been pretty poor. My performance has noticably improved over the past 6 months due to both correctly calling the big decline in the market (though not playing it anywhere near as well as I should have) and learning from my mistakes and more actively focusing on my portfolio management. The specifics of these mistakes and lessons I will probably detail in later posts. As far as what kind of content I will be posting on here, it will probably be a combination of stock ideas and self reflecting on investing concepts, learnings and ideas.
My positioning going into August is pretty bearish. I used the most recent rally to establish a pretty significant short position (diversified high beta shitco’s) on the thesis that it was mainly short covering on low volume. I’m still net long with notable positions in descending order of Vmoto, Inmode, MoneyMe, Xpel and Gee Group. I’ve been spending a lot of time recently looking for new ideas as there aren’t many that I’m particularly excited about at the moment. I’m holding a significant amount in cash and stable merger arbs at the moment, and I’m looking to convert my short positions to longs as the market continues to dip.