This post is updated in Sep 2025. On hindsight it was wrong to sell in distress. Perhaps a better way to protect portfolio returns would be to use options, specifically buying put options.
Recent Trades
Sold some WBD at USD9.95 which is c.4% of the portfolio.
Bought some DGE at GBP21.86 which is c.3% of the portfolio.
Price action in early Feb was volatile and WBD had significant profit. Even though upside remained high, I thought it was prudent to take some profit off the table. Had too many instances in the past where good paper profits evaporated.
It was not well thought through, more of a moment of panic. But luckily, share price did collapse after and is now selling lower than my selling price. Should the stock fall further, it would be good to add back in.
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