October has been quite the rollercoaster 📈📉📈📉📈 After getting to $153K CAD on Oct 7, my portfolio took a beating during the recent tech selloff, dropping to around $122K in just 14 days. Definitely wasn't fun watching weeks of gains disappear, but I saw it as an opportunity and data about how to reassess my positions, manage risk, and put capital to better use. I made quite a few moves throughout the dip. Sold out of $ISRG when it rose, $CNQ when oil spiked, and $MRVL to take profit and open up some cash, trimmed $ALAB yesterday after the short rally, and reduced some $SPUS before the correction went deeper to free up more buying power. I redeployed almost 20k USD that capital across $LRCX , $KLAC , $CLS , $VRT$COHR , $CRDO, $WDC and other existing holdings while prices were SCARY. I also opened new positions in $AMZN and $GOOGL to diversify my exposure beyond semiconductors. Also, to capture some hype if MAG7 earnings are stellar. $MU remains my largest holding and continues to be the most volatile lol. The memory and AI infrastructure thesis is still very much intact in my view, although I'm aware that concentration is something I need to address as the portfolio grows. $SKHY$STX and $WDC earnings made me much more glad with continuing to hold through. As of today's market close: $136K CAD Today: +4% Total P&L: +134% My biggest takeaway from this correction is that conviction and emotion are two very different things. Being confident in a company doesn't mean blindly holding everything or buying every dip. It means researching the fundamentals, understanding what you own, recognizing when the risk/reward changes, and actually taking action when opportunities present themselves. I'm investing with a long-term mindset, but that doesn't mean my allocations have to stay the same forever. Great businesses can still become overpriced, and sometimes reallocating capital is just as important as finding the next winner. The plan from here? Continue participating in the potential year-end rally, selectively take profits when valuations and price action justify it, and gradually simplify the portfolio during and after Christmas. Still a work in progress, especially with my current $MU concentration, but the goal is to rebuild gradually, not overnight. I didn't time the bottom perfectly, and I certainly don't expect every decision to work out. But I'd much rather make informed decisions through volatility than let fear or FOMO dictate my portfolio. Curious how everyone else handled this correction. Were you buying the dips, taking profits, or sitting on cash?
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7 Comments
CoderDonna @coderdonna · 4d
I'm building a position in $HRB so I'm taking dividends from other positions to buy. For the stocks that can't buy one share of themselves from their dividend, I reinvest them. And I'm working on how much profit to take when share price goes up to projected highs, like Robinhood. And I'm adding to cash reserves. I just finished building up $NOW and it's down...well, it'll be back! 😀 Watch, plan, execute. I like the calm thoughtfulness in this post. We'll be fine!
Leo
@l3onel · 4d
Im thinking about getting into vertiv but im waiting until $200 if it doesnt get there then ill let it pass me by
Dividendmoney @compoundculture · 4d
Let’s go! During the correction my portfolio actually performed well, glad that you were able to buy the dip on some stocks and sell out of some stocks to take profits. Also, tomorrow seems like a great time to buy the dip on $GOOGL don’t you think?
NickMtb
@nickmtb · 4d
Nice, love credo👍👍 hopefully again earnings send good vibes to credo. Gl
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