We have just completed first first 6 months in US stock market.....
YES...It was a difficult year to understand, analyze and then execute..
YES....there was lot of zig zag in every stock including NVDA.....
BUT once you understood new trends.....
Things went easy....
Take NVDA as an example......
@ the beginning of 2023 NVDA was @ $140.30
After 6 months NVDA is trading @ $424.13....a whopping gain of $283.80 per share or a 202.39% gain in 6 months
There is new phenomenon on Wall Street this year FOMM ( Fear Of Making Money ).....hoping our visitors are NOT suffering from this....
YES YES.....It takes GUTS to stay engaged in NVDA , SHOP, TSLA, AI, META, BITCOIN.....BUT stock market trading is all about trading RISK / REWARD.....
SO.....do NOT be afraid of high flying stocks...IF you put all of the above listed stocks NOW in a portfolio and leave it alone for next 2 years...you may beat the market handily......
SO message of this market is
GO WITH THE WINNERS
YES one can trade certain range based on RSI IF you have the FOCUS......
SO....
How was last 6 months generally speaking in Market....
S&P 500 UP 15.9%
Nasdaq UP 31.7%
BITCOIN UP 79.4%
As I am based in Canada, here is some Canadian perspective :
SHOP UP 82%
Information Technology UP 51.6%
Most traded in Canada TSLA SHOP SQQQ
SO what is the purpose of all the stat given today.....YES we are behind NVDA performance but some of us have done very well in last 6 months.....
And with the same FOCUS one can beat NVDA going forward....a nice challenge to have.....
SO pay attention to leaders & follow the money.....
YES...leadership is very narrow...accept IT and stay involved and stay engaged....
Results always follow effort in right direction & arena....
Good luck in 2nd half of 2023.....
BLOG does NOT give buy or sell.
Saleem
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