I’m back! I know it has been a while since I last wrote here. That’s because my old hosting platform has had a lot of issues, and my site was often infected with a redirect bug. After many frustrating conversations with support, and no solution in sight, I decided to change hosting provider altogether, but that’s a story for another time.
I also finally had the time to tally my 2024 trading results. You can look here for those interested in my 2023 trading numbers.
2024 In Numbers
Some highlights
- Number of trades made – 61
- Highest profit-making stock – Coinbase with $22,457.95 after commission and holding costs
- Highest loss-making stock – Microsoft with a loss of $829.69 after commission and holding costs
- Number of stocks traded on – 9
Here are the results in a bar chart.
Strategy
I did much better as compared with the trading results in 2023, but then again, the starting capital was also much higher. I also largely kept to the strategy employed in 2023, where I traded crypto related equities, leveraging the crypto bull market, and macro factors favouring the industry.
So in short, what helped with the bump this year:
- A larger starting capital, that allowed me to hold positions for longer, or size larger positions when I see opportunity
- Keeping with my macro thesis of Bitcoin and the digital asset industry getting mainstreamed
As with 2023, I use CMC Markets as my trading platform.