As a growth investor today was brutal. It was clear my stocks would get hammered so accept it and position the portfolio to maximize returns for the next 2-3 months.

Sells: $PINS $IIPR $ZG $TWLO $CYRX $BABA

Buys: $TSLA $FB $FVRR $TDOC $CRWD $SQ $PTON $DOCU $ROKU $ETSY $SE $FSLY

I went to bed last night with the futures up big...expecting to have a phenomenal day in my portfolio. Instead I got the exact opposite.

That vaccine news really fucked growth investors since many of us were still holding the “Covid winners” but this term is misunderstood.

Many growth stocks were labeled as Covid winners b/c their stocks soared during the pandemic. However if you look deeper at these companies and listen to the CEO’s and analysts they say the trends have shifted so rapidly that these companies will continue to benefit after Covid.

$ROKU will continue to benefit from cord cutting and the shift in ad spending - a Covid vaccine does not change this.

$TDOC will continue to benefit from telehealth because it’s more convenient and efficient for both sides. The addition of $LVGO adds a critical aspect of the future of healthcare which is monitoring and preventive care — a Covid vaccine does not change this

$FVRR will continue to benefit from more companies turning to freelancers for projects rather than hiring full time employees. The new WFH economy is perfect to adapting to this trend — a Covid vaccine does not change this.

$DOCU will continue to benefit from the convenience of digital documents and e-signatures plus their recent acquisitions to expand into notary services and smart docs/contracts powered by AI and ML — a Covid vaccine does not change this.

$CRWD will continue to benefit from a world full of hackers & cyber threats. With more companies moving to the cloud and more employees working from home/anywhere their detection and prevention products are critical to keeping companies safe — a Covid vaccine does not change this

$PTON will continue to benefit from the convenience, content and community their products and services provide customers. Millions of Americans have realized they don’t need a gym to stay fit and they love what this company offers them — a Covid vaccine does not change this

$FSLY will continue to benefit from a digital world in which companies need to provide a faster and more secure experience to their customers/users. It’s worth mentioning many of $FSLY’s largest customers are travel related so their businesses should bounce back after a vaccine

$FB will continue to benefit from the addictive behaviors of 3+ billion people every month using their products, as they monetize WhatsApp, as they continue growing Instagram at 25-30%, as they push harder into e-commerce and VR — a Covid vaccine does not change this

$ETSY will continue to benefit as more brick & mortar shops close thus accelerating the trend of retail shopping moving to online/mobile. $ETSY allows anyone to start and run a business from dress makers to furniture makers — a Covid vaccine does not change this

Hopefully you enjoyed my little rant and understood my message which is not to overreact on days like this. There’s nothing wrong w/ active management, repositioning a portfolio or trimming/adding but don’t let emotions or the media beat you. Have a plan/strategy and stick to it.