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  • Writer's pictureT. Livingston

2024 YTD Analysis

While it's hard to believe, 2024 is almost 20% complete. Since the beginning of the year, 2024 has been looking extremely bullish. With the first ten trading weeks in the books, I decided to dig deep into my numbers and analyze what has been taking place over in 2024. Here are my trading statistics for the year to date.


Return: 28.92%

Number of Trades: 35

Percentage of Winning Trades: 45.71%

Average Win: 8.88%

Average Loss: 3.95%

Average Gain / Average Loss: 2.25





Part of my daily routine is to track my account equity in Excel. Notice that when we look at my equity curve, it appears to look like an uptrending stock. This is by design. By selling into strength, cutting my losses, and managing my risk, I'm able to get my account to trend in this fashion. I actually like adding a moving average or two in to help smooth out my equity curve. Just like a stock, I make a note to see where I am in relation to key moving averages. If my account value were to fall below one of these moving averages, I know it means caution is warranted and that it is not a time to get aggressive.





Here are some of the trades I've taken this quarter.


NVDA

This was a winning trade, but I sold it much too quickly. I initially intended to hold it for a bigger move, but decided to sell because I was looking to add more to crypto. One of the things I'm working on is holding my winners longer. The link to my initial blog post on NVDA can be found here.




SMCI

SMCI was one of the biggest winners of the first two months of 2024. A link to my original blog post on SMCI can be found here.



GIII is an example of a trade I got stopped out of. I bought it around $33 and was knocked out as it lost its' 50-day moving average. Notice how important it is to cut losing positions quickly. If I still owned this one, it would be weighing down on my account. Instead, it's better to take your lose immediately and move on.




PLTR, ABNB, and LEN are three stocks that I blogged about and still own.


Crypto

Crypto is in the midst of a raging bull market. It's looking like 2024 will indeed be "The Year of Bitcoin." I still own Bitcoin, Ether, and SOL.







Goals For the Next Quarter

My goals for the next quarter are first and foremost to remain disciplined and patient. This means waiting in cash while the market corrects. My account equity curve should appear calm and flat during this time. My second goal is to hold my winners a little long when the market is hot. I sold NVDA way too early and had to watch it move higher and higher without me.

For crypto, my goal is to continue to hold my positions in Bitcoin, Ether, and SOL. The words of Jesse Livermore continue to echo in my mind. "It is the big swing that makes the big money for you."


Risk right. Sit tight.


To learn more about swing trading strategies, stock market trading, and how to trade cryptocurrencies, visit my course page.




Full Disclosure: I currently own many of the stocks and cryptocurrencies mentioned in this post.


Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.

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