Impulsive Trades? Sold ASML and Nvidia for …

The S&P500 rebounded sharply last night, which means that my plan to invest my CPF in the Amundi Index MSCI World Fund is put on a hold.

A wasted opportunity? Not for me, as the plan focuses on shorter mid-term trades to capitalise on market downturns, rather than my typical long-term investments. I’m content to wait for compelling entry points that align with this strategy.

However, within my patient approach resides a more impulsive side. This internal dynamic came to the forefront last night when a sudden idea struck me, prompting me to make the following trades immediately.

To raise funds for the purchase of five other companies (primarily within the applications and software space), I divested two leaders in the semiconductor sector: ASML Holding (NASDAQ: AMSL) and NVIDIA Corp (NASDAQ: NVDA).

My preference for growth companies in applications and software drove this decision, rather than fundamental concerns.

I realised that I hadn’t dedicated the time to understand the recent results and outlooks for ASML or Nvidia. This is a stark contrast to my engagement with other portfolio companies, where I consistently track their progress and review their earnings call transcripts.

The recent sharp downturns in some of these other companies, particularly The Trade Desk (NASDAQ: TTD), have undoubtedly heightened my interest. My sense is that they are currently oversold, presenting a favourable opportunity to increase my positions.

So, am I impulsive or patient? Probably both, navigating the market with a strategic patience, occasionally punctuated by decisive action.


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