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2024 Q3 P/L Challenge: What shifts did you make in your portfolio?
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Simon33 joined discussion · Sep 19 20:22

My YTD P/L VS S&P500  and NASDAQ IN 2024.

My YTD profit was 21.11% VS 19.79% for S&P500  and 20.00% for NASDAQ respectively as of 19th Sep,2024.
Picture YTD P/L as of 19th Sep, 2024.
My YTD P/L VS S&P500  and NASDAQ IN 2024.
My YTD P/L VS S&P500  and NASDAQ IN 2024.
Picture of my portfolio as of 19th Sep, 2024.
My YTD P/L VS S&P500  and NASDAQ IN 2024.
As shown in the picture of portfolios, more than 80% of my holdings in my moomoo account currently are Funds, which is moomoo cash plus. In other words, I use moomoo not only for trading but also for parking capitals. Moomoo cash plus return is better than bank fix deposit interest rate.


My Q3 return for my account was only USD 8K+. I believe that 95% of price increase take place during  5% of time. Therefore, I want to hold certain positions for catching price increase, even during  a down trend market such as 2nd half of Q3.

I only buy real stocks. I neither buy short nor buy options.

My IB account showed a 24.66% ytd profit. Stocks I bought in my IB account are big technology stocks such as TSLA, PLTR, VGT.
My YTD P/L VS S&P500  and NASDAQ IN 2024.
Personally, I felt MooMoo is more convenient to use than IB.

In Singapore, capital protection with one trading platform is S$200K. I need a IB account in addition to my MooMoo account to protect the second S$ 200K capital.

Now, I answer the three (3) questions Moomoo addressed for this event.

◾What signals made you adjust your positions or portfolio in Q3?

My answer: Rate cut defers made me cut 90% my position  in the 1st tenth of Oct.
The above made me YTD profit being still a little bit better than spy and nasdag.

◾Which stocks or strategies surprised you with better-than-expected earnings?

My answer: My swing-trade of APLD.US surprised me with better than expected earning. APLD.US linked to MARA.US and performed the opposite to MARA.US stock price. MARA.US down 60% in q3 sofar from Q3 peak. This eroded all my profit for this ticker once recorded in 1st month of Q3.

◾Any tweaks you’re thinking about for your Q4 trading plan?

My answer: For my Q4 trading, I plan to focus on rate cut related stocks such as consumer borrowing tickers and high growth tickers and to load full position before entering Q4 taking into consideration of FED's massive rate cut 0.5%,  i believe, would boost the price of borrowing interest rate related tickers.

My closing sentence:
Good luck with your investment! May they bring you great returns!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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Simon33
2024H1 Moomoo Alchemist
95/5, Stick to a plan, rain or shine. VSAVE
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