I’m traveling the next two weeks, so am posting an early report. Grade incomplete. May is banner month for the bulls. NVDA went from my biggest losing ticker for 2025 to the biggest winner. MSFT continues to be on the loser list because some calls I sold had to covered for a big loss on a gap up. NVDA's recent strength caused a smaller loss, covering sold calls.
One commentator from IBD on YouTube is super bullish. Take it with a grain of salt, of course, but the guy has 40 years in the market and sees a parallel to the 1998 Internet bull boom. That ended badly in 2000, but there were two years when fortunes were made.
The IBD methodology is CANSLIM, a momentum centered strategy that tries to ride big up moves. This home run mentality is something I am weak at.
I’ve have a position in NVDA shares. I started buying around 30, and it is now 140+. That’s one of the very few home runs I’ve had in non-index shares. With the benefit of hindsight, someone trading the ups and downs could have made much more than 4x, but for me, that’s a big hit.
Here is an ETF recap:
GLD
gold 26.0%
SLV
silver 24.2%
EEM emerging mkt 12.2%
SPY
SP500 2.3%
QQQ
Nasdaq 100 3.7%
TLT
US20 yr -2.3%
IWM
Russell 2000 -4.1%
My trading account +2.7% for calendar 2025. Not great, but I’ll take it. The sobering comparison is to T-bills which might be +1.7% with no work, no risk, no draw downs. I might a market chicken, but I am not in turtle mode.
I feel like I haven’t done much right in 2025. An analogy might a be a baseball pitcher that doesn’t have their best stuff that day, but does enough.
For those traveling, have a aafe and fun trip. Cheers.
