I’ve always said that fundamentals, research & convictions matter, but beating the market comes down to execution. That’s what these write-ups will be about.
I will share through them every change in my active portfolio - stocks & options, reasonings & plans, before I even hit the buttons. I won’t update DCAs, I will only share my plans & new/closed positions in these write-ups. You can follow the rest directly on savvytrader.
https://savvytrader.com/wealthyreadingspro/active
I also recently opened a Buy & Hodl portfolio on which I will DCA $4,000 every month & focus on buying the best assets I can at the best possible price, 100% focused on fundamentals & valuation, without any active management.
https://savvytrader.com/wealthyreadingspro/buyandhodl
Keep in mind that both portfolios have completely different goals and I can behave very differently on both for the same name - accumulating in the buy & hodl while selling in the active portfolio for example. Different rules apply.
My goal is to deliver alpha over the long term, not just six months under easy market conditions. If/when proven this content is valuable, it will be shared behind a paywall. No rush, though; it’ll stay free until proven valuable.
So here’s the deal: you get full transparency on my trades, right when I make them. If - and only in that case, it brings real & long-term alpha, it’ll be accessible only for a fee. I believe that’s fair enough, but feel free to provide feedback!
Nothing shared here is financial advice; we are all responsible for ourselves.
And before we start, a friendly reminder that you’ll find 15% off for any subscriptions to Fiscal.AI using my referral link - if interested.
https://fiscal.ai/?via=wealthyreadings
Active Portfolio - Continuous accumulation of BMNR & Ethereum.
Option Portfolio - Bought RBRK Apr17'26 $90 Call.
Accumulation on SBET & PYPL.
I will start with the news before detailing/reaffirming my plans on China and Ethereum.
Rubrik Apr17'26 $90 Call.
This is my new toy, which I found thanks to a comment on an X post earlier this week, and I want to be clear: this is speculation. Some people I trust for their analysis skills did the work - which I read and will link below, but this is a Druckenmiller case for me: Buy First, Analyze Later.
To pitch very briefly, Rubrik is selling subscriptions to a data recovery service meant to protect companies against hacks. I have posted enough these last months about the importance and transformation happening in the cybersecurity sector and the need to review those softwares with the rise of AI. Many companies like Palo Alto, CrowdStrike, Sentinel, and others are working on this already. But not enough solutions exist post-hack, while new attacks emerge with AI and their success rate is improving. We talked about this in Palo Alto Q2-25.
In a world where cyberattacks are more frequent with higher success rates, companies have to protect themselves from those but also find methods to bring their potential impacts to the minimum. That is what Rubrik proposes with its services by restoring impacted or blocked data, rendering some of those cyberattacks null.
The narrative is strong and the data is too. Qe are talking about a growing user base with deeper commitment each quarter, confirmed by a retention rate around 120%.
Their solution is in demand, their clients deepen their relationship, and logically, the data is really positive. If you wish to go further on the fundamentals, you can read
deep dive and latest quaterly review, two trusted sources of mine.
For me, the fundamental review stops here. A strong narrative within the current trend of AI datacenter/cybersecurity needs, strong fundamentals within a competitive ecosystem, and improving financials.
My next comments are purely market & liquidity-oriented, starting with perfect price action since IPO with two clear consolidations, two clear breakouts, and two violent retests on its weekly 50 EMA.
The current retest bounced from the EMA and what could become a perfect support around $75. This looks like textbook price action of a stock that wants to go higher.
The selloff from $100 to $70 was probably due to a slowdown in subscription revenue growth last quarter. This doesn’t mean the data was bad, it actually beat analysts’ expectations, but grew slightly slower than the previous quarter. Global revenues continued to accelerate though and also beat expectations due to some one-off usage of their features.
This means some companies did not subscribe to a full service and only tried some features for a fee, while those with subscriptions did meet the market’s expectations but with a slowdown that didn’t please. Market was capricious, as often. The real question is: was this worth a 30% dip?
Most analysts don’t think so as their price target consensus remains above $100 and most of them raised their PT after the quarter, acknowledging the data - the potential growth slowdown in subscriptions.
In brief, we are with a stock with strong fundamentals, within the current AI narrative, strong growth, and a small hiccup in its last earnings, although this hiccup still beat the market’s expectations. Analysts remain confident in it, and price action is bullish with a perfect retest.
Hence my speculative position. As always with speculation on fundamentals I am not an expert on, the position is smallish - less than 5% of the option portfolio and 2% of the total portfolio. I will let it be for now & will accumulate it up to 10% of the option portfolio if we were to retest the 50 EMA below $75, and would close it if we were to lose the EMA, meaning a weekly close below $70 or so.
This position has a future in my opinion, but it remains a non-priority compared to others, especially Ethereum & proxies or China, which we’ll talk about now.
China - Alibaba & KWEB.
Once again: the Chinese bull run has started. I shared months ago that I was a buyer of KWEB calls - the Chinese tech ETF, because I believed the AI revolution would also happen in China with comparable effects to those in the U.S., but I wasn’t sure which stock would yield the best results. I wanted exposure to the entire region and sector.
This said it all, back in March:
I’ll grow this position on every pullback as long as my view doesn’t change.
Everything points to the start of a big move & it’s impossible not to go in big. Time will tell, and I’ll adapt if needed.
We had many pullbacks since, and I did accumulate shares as I said I would. We also had a three-year-long consolidation breakout a few weeks ago, and the next pullback will need to be bought aggressively.
The perfect retest would be between $35 and $40, but we might not go that deep, so I will start to buy before that by accumulating my option call position in the asset.
Alibaba has been a big driver of the ETF’s performance, and even if I do not own calls on the name, I have a pretty big position in shares, which I intend to accumulate on the next retest, hopefully around $150.
The company continues to trade at e-commerce multiples while proving in its last quarter that it is, without any doubt, a tech company - even an AI company, with strong growth from its cloud and AI services.
I remain very bullish on China; my portfolio reflects it & will reflect it even more when the pullback happens. Those two positions will be a priority in terms of liquidity attribution.
Ethereum & Proxies.
I continue to be very bullish on Ethereum and its proxies; more speculative positions. The logic remains the same as when shared more than a month ago.
But price action has changed since, with Ethereum finally liquidating longs and falling 20% to $4,000 in a few days - something I personally was expecting and shared with you and on X.
Ironically, August 24 was the local top. You can imagine some of the comments on that post.
The crypto market is always complex as it works on leverage and liquidation zones. This was the first long liquidation since months on Ethereum, and as often in those market conditions, the red candles continue to be bought with more leverage as everyone wants to be part of the next leg. This usually triggers more liquidation until there is a small - or big, capitulation.
It might happen. It might not. I don’t believe the sentiment to be euphoric on ETH, and I have seen the market push higher in more euphoric times, with more leverage. So this is a situation of “we might go up, we might also go down.” Helpful, right?
As often, these situations call for cash management. On my side, I have started to buy Ethereum on leverage again. I believe we are at a sweet spot in terms of price action with a perfect retest of the previous highs, which should be a heavily bought region.
If you want to be part of this trade, I’d advise finding the perfect position size which will satisfy you if it goes up and make you happy if it goes down. For me, it’s around 40% of my total position - which is what I have today. I will be part of the next leg if it starts today and will buy higher with more confirmations, but I can also easily double my position if we go lower without sweating - which means I can stomach downside.
I include both BMNR and SBET within this position, as they are not Ethereum directly but are part of the same narrative. And I will accumulate both on red days, alongside Ethereum if they go lower, until I reach the position size I am confortable with.