Ascending AMD

AMD is a trade we initially took in May 2020, soon after the Covid low. 

We compounded several times throughout 2020/21 before taking some profit off the trade, in Oct 2021. 

After a few false starts in early 2022 (and some more profit-taking), we started buying again later that year through to April 2023.

With some careful analysis (and a bit of luck!), we managed to take more profit within a couple of dollars of the May 2023 high.

So, from June 2023, we initiated another round of buying - compounding at 15% and 25% below our May exit point.

• Original entry: $55

• Most recent add-on: $97

• Current price: $140

We also own NVDA in this space, which we will post about another time. Both stocks have served our portfolio well. 

In this trade, our long-term assessment was based on fundamentals, but short-term we had focussed on the technicals, which prompted the profit-taking.

As always, the details of this and all of our trades are shared within our trading community at the time, so everyone can make their own assessment and decisions.

Javid Shaik
LinkedIn

Let's go trade!