May P/L Challenge

This month was a really chaotic month for me as it was very volatile with huge ups and downs.

My three biggest winners this month were INCY, APPL, and NVDA. Although my P/L could be higher if I did not sell my NVDA early, I still managed to reap the 5% gain in NVDA.

I believe NVDA holds massive growth potential as many companies have started shifting to NVDA, and AI hype will not seem to die down so soon. I will be expecting around 30 billion in revenue next quarter, which led me to buy back NVDA at a higher price where I sold it.

As for INCY, I bought it at a low of 50.50 as it holds much value, especially during the healthcare industry dip that we experienced early may. When it released its earnings, it announced a stock buy-back, which led to a 7% rise in stock price. I will still continue holding this stock for a while as the guidance does not seem half bad.

My biggest loss was Disney as I bought it on impulse during the dip as I thought the earnings were quite good, without looking at the guidance and future revenue. After some analysis, I decided this was not a good stock to hold. I managed to short it before the second dip, which was close to 2%, cutting down my losses.

Overall, I am pretty contented with my P/L this month. I need to stop trading with emotions as I could have profitted more, as seen in my paper trading where i managed to garner about 6% this month using 500k in paper traded cash. I hope to see a consistent growth of at least 2% in the following months ahead.