How I Fared in 2022

THE WEEK

Finally, a week with little or no drama.  This year the Santa Claus effect isn’t raising its head.  Normally the week before Christmas is an up week as happiness and good cheer take over our outlook on life.  Just isn’t happening this year after a very rough trading year.  The SPX is down -19.3% and NASDAQ is down 32.9%.  Here is a shot of the SPX.  NASDAQ looked even uglier.

LOOKING AHEAD

At the end of the year, I always expect a little downturn as folks are getting out of their loosing positions.  They do this to take the losses against this year’s taxes.   But as a caveat to that thought, nothing about 2022 has been as expected.  The trading herd seems to have a new trading mentality.  For an old long time trader like me it has been fun trying to figure the herds mindset and logic - or lack thereof.  At least I haven’t been bored. 

HOW AM I DOING? - 289.5% gains for 2022 to date

Pretty good.  I am pleased with gains this year in spite of the trading chaos we have experienced – 289.5% year-to-date.  What I have learned is invaluable moving forward.  The trading game has changed and smart traders are figuring it out and adjusting to the new normal.  Stubborn traders who aren’t nimble and insist are trading “the same old way” are getting trampled by the herd.

On Thursday’s webinar I will review this quarter’s trades:  where I lost, where and how I made gains and what set ups I see working in early 2023.  I hope you join us for the final 2022 session so you are ready to play the trading game in 2023.

Visit us at www.investingbuddies.com and take advantage of our two free week offer to get you started.