Thank you to Bear and Saul for allowing an OT post for commiseration!
I’ll stand in for the pain of those, like me, who came into this with little to no cushion from prior years. The only stock I held in 2020 was Zoom, which I finally sold out of in September for twice the money.
2021 was my first year managing a portfolio, and I made many mistakes as I tried to find my way. In May I had 51 stocks. I found this board last summer and culled to 30 and now am down to 11.
The oldest shares in my portfolio today are shares of Cloudflare from early February, 2021 and Crowdstrike from March. Today, my total gains for 10 of the 11 stocks I hold were underwater, with only faithful DataDog still holding–and that by only single digits. Oops…I take that back. ZScaler scrambled to a total gain of 1.92% by the close. My portfolio was up over 30% at the end of October. I finished the year down 13%. As of today’s close I’m down 23%.
So I had no cushion from 2020 to pick that up and now have none from 2021. There is no “selling into strength” right now. Been there, done that. The good news is that I do have new money coming in on Friday. The hard decision is where to put it. Everything is deeply discounted–both the things I own and the things I do not.
I have been thinking about getting into SentinelOne, but what’s with all the shares sold short? My TDAmeritrade account is showing almost 26% sold short and over 200% institutional ownership? I’m not sure how to interpret that.
I did buy back into a couple things I sold in the $SNAP debacle. I’m now back in Sprout Social ($SPT) and Global-e ($GLBE). They both held up really well until the last few trading days and they were so beaten down that my entry point for $SPT was well-below my previous cost basis and $GLBE was only slightly higher. I’m toying with whether to get back into $SHOP for a bit of stability.
My portfolio allocation as of today looks like this:
UPST (Upstart) 22.05%
DDOG (Datadog) 18.54%
NET (Cloudflare) 10.49%
ZS (ZScaler) 7.13%
GLBE (Global-e) 7.08%
AFRM (Affirm) 6.98%
SPT (Sprout Social) 6.29%
TTD (The Trade Desk) 5.91%
CRWD (Crowdstrike) 5.68%
DOCN (DigitalOcean) 4.74%
ASAN (Asana) 4.66%
(The tiny remainder is in $AI (C3.ai), which I hold for my brother.
And, yes, I can hear most of you shouting that I should be in Monday.com rather than Asana, but I’ve had a hard time with that. I’ve bought and sold both several times across this year. What I’ve noticed is that I’ve sold Asana each time for a profit and Monday each time for a loss. I’m now out of Monday until the 15th of this month. My portfolio would be a tiny bit healthier right now if I had never sold Asana and never bought Monday, since I usually sold the first to buy the second. I think both will do well, so I’m going to hold my winner for awhile this time, even if it doesn’t win quite as much as Monday.
My $TTD position is also new–another one that I sold at a profit last year to get into something with higher growth. But, with all the volatility the last couple of months, I decided to put at least a bit into a strong company with good growth at a beaten down price to provide a bit of stability and bought it back. It is, of course, now underwater. I need a diving helmet to enter my portfolio at this point. MongoDB ($MDB) is another that I sold that may come back into my portfolio. It’s growth is now accelerating with 50% YoY growth in Q3, the third quarter of acceleration.
Thank you to Saul and everyone here who shares, debates, and helps everyone else find our way. I’m learning a lot and hope one day to be able to help others.