2024 Half Year Recap - Insights & Lessons From First Half 2024

Overview
I'm thrilled to share my transformative investment journey from the first half of 2024! Thanks to the bull market, we saw significant gains with the KLCI index rising by 9.31%, the Dow Jones by 3.79%, and the S&P 500 by an impressive 14.48%. Leveraging Moomoo’s platform, renowned for its lowest trading fees and educational resources like Moomoo Courses, I not only ventured into the U.S. market for the first time but also interacted with like-minded investors in the Moomoo Learn Group. The platform's user-friendly trading system and currency exchange features made this transition seamless and fruitful.

One of my standout successes was with Aeon-C28. I was confident about its quarterly performance due to its solid business model and consistent past results. Spotting an ascending triangle breakout after a prolonged downtrend, and the fact that digital banking was yet to launch as others had already introduced GX Bank, reinforced my decision. I invested in its structured warrant, Aeon-C28, which had a long maturity date, low theta, and met all my purchase criteria. This was my top gain due to its sensitivity and alignment with my expectations.

On the flip side, my biggest setback was with Ancomny-CG. The stock failed to break out and declined due to unfavorable market conditions over the past few weeks. My oversight in monitoring its support levels and neglecting to set a stop-loss order resulted in a loss. This experience was a crucial lesson in the importance of setting stop-loss orders, regardless of my confidence in a stock.

Investment Strategies and Market Outlook

My primary strategy revolves around swing trading, using Elliott Wave Theory to navigate stock movements. Despite recent market retracements, I believe these are healthy corrections as key supports in sectors like construction, industrial products, and technology remain intact. Several major construction projects, such as HSR and airport restructures, are yet to be announced, indicating robust potential for growth.

Market volatility and sector performance have significantly influenced my P/L trend. Positive government performance has attracted foreign investments from giants like Google and TikTok, boosting the market. Geopolitical events, such as the US-China Trade War, have particularly benefited sectors like oil and gold. The most memorable gains and losses taught me that in investing, the key is to aim for big profits with minimal losses.

In response to major events, I adopted a cautious approach by liquidating positions or increasing cash reserves during periods of uncertainty, such as before quarterly reports (QRs) of companies whose performances I wasn't confident in. This strategy helped me avoid unnecessary risks and protect my gains.

Looking ahead, I anticipate that the upcoming US presidential election and potential interest rate cuts will have a significant impact on the market. These events could boost both the US and Bursa markets, presenting opportunities for strategic investments.

For future investments, my insight is to remain calm and patient, waiting for the market to rebound. Identifying companies that outperform during downturns can offer lucrative opportunities to buy at lower prices. As the saying goes, “You only find out who is swimming naked when the tide goes out,” indicating that true value becomes apparent in challenging times.

Achievements and Community Support

I am proud to share that my trading badge has evolved significantly since the beginning of the year, reflecting my growth and active engagement in the market. The Moomoo community has been instrumental in this journey, providing valuable insights and perspectives on stocks and trends that I hadn't previously considered. Thanks to the Moomoo platform and its supportive community, I have gained critical knowledge and guidance that have shaped my investment strategies and contributed to my success.

Disclaimer

The above information does not have any buy/sell recommendations. All the charts and stocks mentioned are purely for sharing purposes. I am not responsible for any P/L. Thank you for your time reading. Lets earn and profit in the second half year of 2024.

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