Bitcoin Exploding! EV Stocks Are Back & Other Stockmarket News June 9, 2021
Summary
Host Jay reviews his tech and crypto-heavy portfolio, highlighting a 10% Bitcoin surge driven by Paraguay adopting the currency as legal tender. He discusses trimming profits from EV stocks like FCEL and short-squeeze plays such as Clove Health, while warning against chasing meme stocks. Jay advises maintaining "diamond hands" on long-term crypto holdings like Cardano and Chainlink, suggesting traders take partial profits at highs to buy dips.
Topics discussed
Introduction and host disclaimer
Portfolio overview and EV sector performance
Cryptocurrency news: South American adoption
Bitcoin spike and crypto stock gains
Portfolio fluctuations and late-day market drop
Trimming positions in Clove Health and F-Cells
Strategy for meme stocks and short squeezes
Long-term outlook on cryptocurrency adoption
Day trading tactics and timing the market
Specific crypto holdings and future predictions
Weekly action plan and closing remarks
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