🎃 Monthly October Trading Review: A Spooky Ride in the Markets! 🎃

As the Halloween 🎃 month comes to a close, let’s dive into October’s trading journey, filled with thrilling 👻 gains and a few frightful dips!

Securities position still strong with some dips yesterday into unrealised profits.

📈 Year-to-Date (YTD) Update

• YTD Return: A strong +66.92% – holding strong amidst recent volatility!

• This month’s market action was a rollercoaster 🎢, especially with Magnificent 7 stocks seeing sharp moves. Yesterday, we saw notable declines in several tech giants, impacting the YTD performance. Despite this, the overall trend remains positive, and we continue to stay ahead of major indexes like $NASDAQ (NASDAQ.US)$ and $S&P 500 Index (.SPX.US)$.

When Stocks especially Mag 7 dives. Its an opportunity to get positions cheap especially when they are undervalued. Need to be wary of the elections 🎢 effects and know that typically stocks does recover in the long run especially when Fundamentals are strong. Such as $Microsoft (MSFT.US)$ , $Alphabet-A (GOOGL.US)$ , $Apple (AAPL.US)$ & $NVIDIA (NVDA.US)$ .

I’ll continue to ride the waves 🏄🌊 take short term downwards momentum and long term upward trend.

🔍 October Performance Snapshot

• October Return: Up +5.70%, even with some bumpy days.
• We saw consistent gains throughout the month, with some volatility in the middle of October and a few red days in the last week. But the October spirit stayed positive as we closed the month strong.

🎃 Highlighted Entry: Nvidia Covered Call

• Entered a covered call position on $NVIDIA (NVDA.US)$ at $126.09.
• Diluted cost stands at $124.56, and we’re already seeing a positive +1.23% gain.
• A strategic move to capitalize on Nvidia’s movements, especially given recent tech sector volatility.

The Halloween month was no trick, all treat! 🎃 As we enter November, we’re looking forward to riding the momentum and seeking new opportunities. Stay tuned for more market updates, and may November bring even more treats! 🕸️📊

CasualInvestor: Day 8: Rate Cuts + Sept Review

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CasualInvestor

2024H1 Moomoo Alchemist

Investing casually and learning as I go. My journey to double my 💰at the min. While sharing journey w kindred souls.

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