Just a recap of year-end technical trading:
Nvidia (NVDA) has been the big winner overall for the past 2 years, so although the stock has downtrended in December 2024, overall it has had a stellar run.
In 2024, the Western Sage Equity Fund has achieved 124.33% profit with a winning percentage of 95.77% success rate on 68 out of 71 winning trades. And a current winning streak of 30 consecutive trades.
Most of the trades have simply been focused on the “Magnificent 7”: AMZN, AAPL, GOOGL, META, MSFT and NVDA… with exception to Tesla (TSLA), which I’ve been boycotting since I’m NOT a fan of Elon Musk, nor do I trust him with so much wealth.
Going forward into 2025, I’ve sold quite a bit of stocks, and preparing for the uncertainty of a new administration. The DOW has been choppy in the last half of December 2024, so I take that as a sign that uncertain times could mean a rough ride ahead.
In December, the DOW was trending downward on 10 consecutive days! Another sign!
“If you fail to plan, you are planning to fail.”
So, my plan is to wait it out in January and February 2025. Exercising caution and not lose money!
Disclaimer: the stock market is subject to extreme volatility. Trade at your own risk.
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