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2022 Recap


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#1 MikeyG

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Posted 31 December 2022 - 03:42 PM

MDG Capital was up 64% last year following a 300+% year in 2021. 

 

We used less leverage last year.

 

In 2021, during the great bull run, I was utilizing 3x+ leverage pretty consistently. 

 

Last year, it varied but it was definitely less. 

 

I remember selling most everything in early 2022 and calling my brother-in-law looking for a house to flip (he is a contractor) as stocks were greatly overvalued. We never ended up flipping a house, but I was able to catch a sizeable bullish gold trade in the early part of the year before it cratered. I also started shorting mid last year, which I do not like because I know people are getting hurt when stocks go down, but I have a responsibility to my family and clients to make money.  

 

In late September, I started going long again as price action, techincials starting to look and feel different, along with valuations becoming very reasonable.

 

Looking ahead to 2023, I will be looking on the long side for the most part, unless something changes with the fundamentals. 

 

Happy New Year and hope everyone at TT has a great 2023! 

 



#2 fib_1618

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Posted 01 January 2023 - 07:26 AM

Congratulations on a fine year…nice to see someone getting paid their worth for their clients!!
 

Fib


Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

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#3 pdx5

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    I want return OF my money more than return ON my money

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Posted 01 January 2023 - 12:30 PM

Buy the dips in 2023 will be my action plan. 2021 was the best year ever for long term cap gains (+60%) for me. In 2022 I am barely ahead 5%. Bought every dip since June, starting with 100% flat.  Looking for 20% LTCG's in 2023.


Edited by pdx5, 01 January 2023 - 12:34 PM.

"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#4 Rogerdodger

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Posted 01 January 2023 - 11:14 PM

Just 1 In 3 Americans Had 'Great' Year...

Rookie Traders Calling it Quits -- and Families Thrilled...

 

In early 2022, Mr. Garcia lost everything in his portfolio on a bad options bet, leaving him in a foul mood. But the next morning, he felt relieved. After Ms. Rodriguez, a lawyer, left for the office, he worked on his music all day instead of checking the market. He hasn’t traded on the app since. Trading exploded into the mainstream during the pandemic, when many Americans were stuck at home, flush with stimulus checks and eager to pass the time. New apps made it cheap and easy for newbies to trade from the comfort of their cellphone, and many found a sense of community on investing forums online. In 2021, rookie traders fueled a run-up in meme stocks that put hedge funds on their heels. Individual investors are broadly staying invested in stocks, unlike previous downturns when many dumped their holdings. But lots of one-time day traders are finding they are now content to buy and hold rather than try to time their investments. Average daily trading volume is down markedly at major brokerage firms that cater to retail customers.

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57% expecting 2023 to be much better


Edited by Rogerdodger, 01 January 2023 - 11:41 PM.