Abstract: Explain the reasons of selling all ARKK and share my views.
What I want to share with you today is the transaction I made on October 5. The details are as follows:
- ARK Innovation ETF (US stock code: ARKK)
- Quantity: Sold all
- Sold price: US$109.28
- Commission fee: US$0.39
Reasons for Selling all ARKK
Today’s US stock market sentiment has improved. ARKK has risen by about 2% along with the market and growth stocks. Considering that US stocks and Chinese stocks are expected to continue fluctuating in the short term, there is an opportunity to absorb outstanding target company shares at a low price level. Therefore, I decided to take advantage of today’s market sentiment to sell all ARKK so as to release some funds and have the opportunity to increase positions in other stocks later.
On the other hand, I think that if you want to earn a decent return in the stock market, you should not be too diversified. Since the proportion of ARKK I currently hold is not large, it is better to vacate its position so that I can be more concentrated on holding other stocks with greater confidence.
Comments and sharing
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