The Best and Worst Trades of 2023 đź’Ş

First of all… happy new year to all traders, globally!

As the year comes to an end, and the new year begins, it’s time to join us in reviewing the top trades that defined our unforgettable year together. Marked by a historic market recovery across various global asset classes, including stocks, cryptocurrencies, and bonds, 2023 has been a memorable year for all of us.

Among the best performers, the Nasdaq-100 showed an incredible run, climbing more than 50% over the course of the year, while Bitcoin emerged as another noteworthy recovery adding more than $500 billion back to its market cap. While these two stories make many headlines, there’s much more to discuss and look into. After all, that’s what markets are about - research, planning, and data to find the next great trade.

Below, we'll recap these highlights, featuring charts and statistics that explain what happened in 2023 and some emerging trends to watch in 2024.

The best trades of 2023

Long Carvana +1063%
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Long Solana +994%
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Long Coinbase +448%
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Long Avalanche +296%
Long Nvidia +245%
Long Bitcoin +161%
Long US dollars versus Turkish Lira +57%
Long Nasdaq-100 +55%
Short Natural Gas -38%
Short VIX -45%

For those who want to see more data, we’ve created handy lists for you below. Here are the best and worst for some of the most important asset classes:

The best stocks by market cap over $5 billion:

1. Carvana +1063%
2. Bridgegbio +502%
3. Coinbase +448%
4. Affirm +464%
5. Microstrategy +360%
6. Symbotic +346%
7. Applovin +275%
8. Super Micro Computer +253%
9. NVIDIA +245%
10. DraftKings +222%
Notable: Duolingo +232%

The worst stocks by market cap over $5 billion:

1. JD -53%
2. Moderna -45%
3. Pfizer -45%
4. Dollar general -45%
5. Estee Lauder -43%
6. Bayer -35%
7. Hertz -30%
8. Nokia -30%
9. Etsy -28%
10. Alibaba -19%
Notable: NIO -18%

The best performers in crypto by market cap over $3 billion:

1. Solana +994%
2. Chainlink +191%
3. Avalanche +296%
4. Bitcoin +161%
5. Cardano +155%
6. Polkadot +103%
7. Ethereum +97%
8. Tron +92%
9. XRP +88%
10. Dogecoin +33%

The biggest changes in forex - all pairs:

1. Swiss Franc / Turkish Lira +72%
2. British Pound / Turkish Lira +67%
3. Euro / Turkish Lira +63%
4. US Dollar / Turkish Lira +57%
5. Euro / Russian Ruble +33%
6. US Dollar / Russian Ruble +29%
7. Mexican Peso / Japanese Yen +25%
8. Swiss Franc / Japanese Yen +19%
9. British Pound / Japanese Yen +15%
10. Euro / Japanese Yen +13%

The best performers in commodities:

1. Cocoa +66%
2. Cattle +23%
3. Gold +13%
4. Sugar +4%

The worst performers in commodities:

1. Natgas -38%
2. Corn -29%
3. Wheat -20%
4. Soybean -11%

Indices:

1. Merval +321%
2. Nasdaq +55%
3. NIKKEI +31%
4. S&P 500 +25%
5. IBEX 35 +21%
6. DAX40 +19%
7. Russell 2000 +18%
8. Eurostoxx 50 +17%
9. CAC40 +15%
10. Eurostoxx 600 +11%
Notables:
Hang Seng -17%
VIX -45%

Thanks for being a part of our community and we look forward to celebrating the end of 2023 and the start of 2024. For those of you who read this far down, we have a game for you – can you spot the new tool we’ve added for 2024?

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Happy new year, traders! Stay tuned for more great announcements.

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