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Recording summary · September 2021

How much Money i made Investing in the Stock Market after 1 Year [oDgaTXFBwwM]

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Overview

One year of investing involved substantial swings, beginner's luck, and costly errors across three portfolios, showing that investing requires skill and time.

A copy-trading account on eToro tracking an experienced investor returned 18.58% on roughly £3,000, alongside cryptocurrency holdings where Ethereum gained 45% while Dogecoin and ADA struggled.

A second portfolio recovered from a sharp plunge when NIO dropped from $60 to $35 during a February tech correction, after which the position was panic-sold and £5,500 was moved into dividend-paying value stocks, ending with an 18.82% gain.

Daniel's main speculative account, funded with a £21,000 inheritance, rose to nearly £32,000 before crashing into heavy losses from positions in Microvision, BNGO, and Bitcoin stocks following Tesla policy reversals and Chinese mining curbs.

Daniel subsequently liquidated BNGO at a loss and sold most crypto mining positions after a partial rebound, shifting to technical analysis using Fibonacci levels and trend support for positions in Corsair Gaming, Ford, and Amazon.

Themes

Copy-trading and cryptocurrency investments on eToro.

The NIO tech sell-off and reallocation to value and dividend stocks.

Speculative losses in Microvision, BNGO, and Bitcoin-related equities.

Adoption of Fibonacci retracements and trend line technical analysis for positions in Corsair Gaming, Ford, and Amazon.

Developments

Investing began approximately one year prior.

Initial deposits were placed into a second portfolio beginning in October, ultimately totaling around £6,500.

The Nasdaq underwent an estimated 10% correction in February.

NIO shares were panic-sold following a price drop, and £5,500 was redeployed into value stocks.

Elon Musk tweeted that Tesla would accept Bitcoin, pushing Bitcoin's price past $60,000.

Daniel sold BNGO and Microvision and put half of the remaining funds into Bitcoin-related stocks.

Elon Musk stated Tesla would discontinue accepting Bitcoin, and China clamped down on Bitcoin mining.

Daniel sold the entire BNGO holding at a loss when the price hovered around $5.

Daniel sold the majority of the Bitcoin mining holdings after cryptocurrency rebounded past $40,000.

Daniel bought Corsair Gaming shares for roughly £4,000 near a 78.6% Fibonacci retracement level.

Daniel bought Ford shares for roughly £4,000 at about $13 per share based on a 61.8% Fibonacci level and trend line support.

Daniel purchased shares in Amazon at approximately $3,300 per share.

Uncertainties & gaps

Total deposits into the eToro copy portfolio are an estimate of roughly £3,000.

The precise initial and subsequent deposit amounts into the second portfolio are roughly recalled as $2,000 and $4,000, or £6,500 total.

The exact magnitude of the February Nasdaq correction is an estimated 10%.

Whether the CEO of Microvision led the Google Glass project is unconfirmed.

Market speculation regarding Microvision LiDAR adoption in Tesla vehicles was accepted without verification.

Whether BNGO will ever recover to $12, remain between $5 and $7, or drop to $2 remains unknown.

Whether Daniel will ever break even on the investments, and the time that might take, is uncertain.

Whether Daniel's newly selected stocks will recover prior losses or decline further remains unresolved.

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