2H 2024 Special Message & Offer: Join Us.
30 Spots Special Offer
Note: We will do one special offer today as we enter 2H 2024. The next one will not be until Christmas/New Years. Join now. 30 spots only.
Hey Everyone -
I hope you had a great 1H in 2024. Readers and Friends may have noticed that I do not really run special offers as much anymore. This is because I have spent less time on marketing, and more time on building my knowledge/edge as a Trader & Investor.
The world gets better. You get better. I get better. That’s what we are destined to do.
Get better.
You may have noticed that I’ve been sending out a large number of DCF Conclusion Studies on the QQQ, SPY, and Dow indexes.
You may wonder, what does this even do? How does this even help? Why does Larry always talk about NQ? All these questions will be made extremely clear with time (if it hasn’t yet already).
In my opinion, DCF Conclusion Studies are one of the most powerful tools that I use as an intraday player AND a long-term investor to navigate the market.
When DCF Conclusion Studies are combined with other key execution skills such as technical analysis and Orderflow, your edge compounds over time.
My personal mandate is Absolute Return. I literally don’t care about “outperforming” or “underperforming” the S&P or Nasdaq-100.
I see so many people always comparing themselves against SPX. Stop doing that. It’s such a waste of time.
Comparing against SPX or NQ will drive you crazy. Also, never ever compare yourself to other investors/traders. Comparison doesn’t make you a better investor/trader.
Repeat after me: Comparison is the THIEF OF JOY.
My personal performance improved after I decided to benchmark against myself. Why does this help? It forces me to get better with entries, get better with exits, get better with my holistic view of the situation.
My mission is to be Green. That’s it. If I happen to do better than the index, awesome. If not, as long as I’m Green, that’s all I care about.
So, even in a Red year or Red 2H 2024 for markets, yes my goal is to still be Green.
If the Nasdaq-100 (NQ) falls by -30% and I’m down by -20%, to me, I haven’t met my mandate.
Conversely if NQ skyrockets 70% and I only do 20%, I’m still very happy with that. Because I’m Green.
I focus on Absolute Return. The benchmark is yourself. Forget about the index. That’s just a distraction.
Why do I believe this? It’s because if you really get good at this Game called the Stock Market, you can generate positive returns on-demand because your skillset will allow you to.
Are we green because we’re in a Bull Market? No. Remember when the market suffered in April and we still went Green? That’s what is possible when you make a commitment to get better every day.
Let’s Recap what happened in 1H 2024 - what worked well and what didn’t fare as well.
Let’s start with what worked well:
I made a tremendous call that the Hang and the Seng (HSI) would see 20,000 in 2024 when it still traded 16,500 in mid February. I made this very public on Twitter earlier this year. HSI reached 19,700 on May 20th, 2024. For all intents and purposes, this was my best call of the year so far.
I had the opinion that Pinduoduo would see 165 when it traded 110. It saw 165 on May 24th, 2024. +40% idea in the span of 60-70 days.
I began doing DCF Conclusion Studies on the FAAMG stocks in February of this year and observed that the Bull Case was 20-25% higher than current levels. I allocated heavily to this theme. This took a few months to play out; now it’s here.
I said don’t worry about Meta at 430; it’s a buy post earnings crash. It saw 515 last week. +20% in a couple months.
When Broadcom was at 1400, I said we’re gonna go to 1700-1750 Bull Case. Doesn’t matter what happens in between - we’re getting there.
Recently with the Dow seeing so much underperformance, I called for tremendous Sector Rotation. Subsequently, the Dow went up +1000 points. This was a great trade.
What didn’t fare as well:
I thought retail stocks would rebound from their 2024 plunge. But they didn’t. At least not yet.
I thought Apple was overvalued at 185-190 but it proceeded to trade towards my Bull Case 215-220. Go figure.
I didn’t as much of the semiconductor rally as I would have wanted. I only got a piece NVDA upside as I was mainly in AVGO/AMD (the stocks I talked about).
Final Note before we head into 2nd Half of 2024:
If you’re not yet a Member, sincerely, I’d like to have the opportunity to have you with us.
At the end of the day, what empowers me every day is knowing that I have a Community to look out for. That energizes me.
I publish my notes to Members Monday-Thursday. Notice that my notes (outside of DCF Conclusion Studies) usually aren’t that long.
They’re now very simple to understand and my language is very conclusion-oriented.
I’ve put in incredible effort to simplify my language and make my work truly understandable to anyone who actually reads it.
I do think that there is too much “analysis” out there and not enough analysts sharing direct “conclusions.”
To celebrate an upcoming successful 2H 2024 for you, I’m offering 15% off for 30 spots only on Annual memberships.
This will be my last special offer until Christmas/New Years.
The market can do a lot from now til then.
So, let’s navigate it together?
-Larry
Special Offer
30 Spots, save -15% Forever.
Expires Tomorrow
Special Offer Link: https://larrycheung.substack.com/subscribe?coupon=9945d329&utm_content=146133123
Next Special Offer will not be until Christmas/New Years.
