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My 2024 Mid Year Recap 🗓️
@Shyon:In the first half of 2024, my investment portfolio has demonstrated satisfied performance, largely attributed to my strategic focus on high-growth sectors and a disciplined approach to trading. Similar to most of the investors I believe, my most successful investments have been concentrated in artificial intelligence (AI), semiconductor and partially electric vehicles, areas that have experienced substantial market momentum, especially towards the end of 1st half. AI boosters My investments in AI stocks, particularly Nvidia $NVIDIA Corp(NVDA)$ and Palantir Technologies $Palantir Technologies Inc.(PLTR)$ , have been major contributors to my positive performance. Nvidia, a leader in AI hardware and graphics processing units, has seen significant gains as demand for AI-driven applications continues to surge. The company's advancements in AI technology and its expanding role in data centers have bolstered its stock price, reflecting investor confidence in its long-term growth potential. Similarly, Palantir Technologies has benefited from its role in data analytics and AI-driven solutions, which has led to a positive market reaction and a notable increase in its stock value. Nvidia Palantir EV Leader Additionally, my investment in Tesla $Tesla Motors(TSLA)$ has been highly rewarding. Tesla's stock has experienced a substantial boost due to continued advancements in electric vehicle technology, strong production numbers, and increasing market share. The company's ongoing innovations and expansions in battery technology and autonomous driving have captured investor interest, contributing to the impressive growth in its share price. I have consistently bottomed Tesla around 160-180 USD. The spike towards 250 USD contributed to approximately 50% gain, that why you see my portfolio gain boosted, but then the retracement of Tesla in July had some impacts to my portfolio as well. Tesla My Investment Strategy My investment strategy has played a crucial role in this success. By focusing on market trends, I have been able to align MY investments with sectors experiencing significant growth. Furthermore, the use of technical indicators to guide my trading decisions has been instrumental. I have effectively employed technical signals to determine optimal entry points and manage risk through timely cut-loss strategies. This disciplined approach has allowed me to capitalize on favorable market conditions while mitigating potential downsides. I will continue to focus my trades like this and try to improve it over time. Wealth growth How to deal with market changes? However, dealing with unexpected market changes or sector rotations requires additional strategies. To navigate such shifts, consider diversifying your investments across multiple sectors to reduce exposure to any single market movement. Staying informed about macroeconomic trends and industry developments can also help anticipate and adapt to changes. Additionally, maintaining a flexible approach to your trading strategy, such as adjusting technical indicators or re-evaluating entry and exit points, can be crucial. Regularly reviewing and updating your investment thesis based on new information will also ensure that your portfolio remains aligned with evolving market conditions. Strategies are important Nutshell Overall, my portfolio's performance in the first half of 2024 highlights a successful investment strategy that integrates market trend analysis with technical trading techniques. By combining a focus on high-growth sectors with a rigorous approach to technical analysis, and by preparing for unexpected market changes, I have achieved robust performance and demonstrated the value of a well-rounded investment strategy. Without doubt, this is also contributed by the "bull" market that most of the investors make money. Hopefully I can continue and prove my strategies over both bull and bear markets in future. Performance How is your 1st half performance? Are you satisfied with it? Personally, I do see a lot of good and precessional investors in the community, we can read through their trading strategies and grow together! @TigerEvents @TigerStars @Tiger_comments @CaptainTiger @MillionaireTiger @TigerGPT @Daily_Discussion
My 2024 Mid Year Recap 🗓️Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.