Year 2023 Retrospective – Continued year of learning

Portfolio Performance

- 2 main portfolios performing differently – 15% and 45% 2023 return

Methodology

- Was mainly an options only trader

- 2023 added portfolio diversification to the mix using “nibbling”. Price action analysis will allow me to build a stronger and lower base

3 Step Analysis / Pickings 

- Price Action / Technical Analysis – Analyzing 50 charts per day, 365 days a year

- Fundamentals – Picking and going for counters that had demonstrated good values but had taken a hit due to varied reasons (e.g. KO/MCD got hit recently, an over-reaction)

- Macroeconomics – Closely monitoring inflation data trends, FED action, other influences etc (e.g. I already called back in Sept that the FED was done and there will be no more hikes and cuts will only happen in 2024) - Includes watching 10 videos per day and reading 10 articles per day

2024 Focus 

- Rate sensitive counters – e.g. healthcare (e.g. VEEV, LABU), solar (e.g. ENPH), fintech (e.g. PYPL), banks (e.g. JPM), profitable growth (e.g. PATH)

- Semi-conductor – Will continue to invest in SMH and also counters like AMD (if it will stop running); Noting that 2024 will be a challenging year.

- AI – Looking beyond the hardware space (e.g. NVDA), where the software angle will come in soon (e.g. PATH, PLTR, GOOG, AMZN, MSFT etc)

- Recession-proof counters – Continued nibbling into KO, MCD, WMT etc

- Cash on the side – await the major events like recession *hard landing” etc

Horizon – Note that I am a mid to long term investor, so my build is towards growth accumulation in the next 5 to 10yrs

Good luck, all! and may all have a smashing 2024!

One of the portfolios for 2023

@CaptainTiger  @macroB  @melson  @TigerStars  @Deposit  @DomH  @YTiong  

$Nike(NKE)$  $Veeva(VEEV)$  $SPDR S&P 500 ETF Trust(SPY)$  $Enphase Energy(ENPH)$  $Alphabet(GOOG)$  $Amazon.com(AMZN)$