Recording summary · September 2022
How much Money i Lost investing in Stocks
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Overview
Daniel reported increased losses across his stock accounts, including £12,552 in his main account, £414 in his second account, around $200 in a copy trade portfolio, and previous day trading losses.
Daniel sold all his tech stocks in April or May, and exited positions in tobacco, energy, and Lockheed Martin, with tobacco down about 17% while energy and Lockheed Martin remained largely flat.
Current holdings include AbbVie, Walgreens Boots Alliance, Barrick Gold, and Rio Tinto, emphasizing pharmaceuticals for winter trends and precious metals for an anticipated drop in the US dollar.
Market crashes are anticipated following US midterm elections and Federal Reserve rate increases, leading to plans to maintain existing positions and consider an inverse S&P 500 position.
Themes
Portfolio performance and recent trading losses across multiple accounts.
Performance and exit from previously held positions in tobacco stocks, energy stocks, and Lockheed Martin.
Holdings in pharmaceutical companies AbbVie and Walgreens Boots Alliance ahead of winter health trends.
Investment thesis on Barrick Gold and Rio Tinto based on macroeconomic expectations regarding the US dollar index, inflation, and technical chart indicators.
Predictions of market crashes following US midterm elections, Federal Reserve interest rate hikes, and plans to hold existing positions while considering an inverse S&P 500 position.
Developments
Daniel sold all of his tech stocks in April or May.
Daniel exited previous investments in tobacco, energy, and Lockheed Martin.
Uncertainties & gaps
Whether the US dollar will crash following midterm elections and trigger a commodity rally as anticipated.
The exact reasons why energy stocks and Lockheed Martin barely moved despite surging gas and electricity prices, and why tobacco stocks plummeted.