New Long

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I find that giving myself a very long leash on rel...

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Portfolio Review

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The portfolio lost 1.90% this week bringing the 2017 year to date gain to 13.14% and 31.14% since November 1st. The most recent draw has felt more severe than a garden variety 2% draw only because on Friday morning of last week, prior to the afternoon swoon, the portfolio had notched new highs and was on pace for a record week of being up nearly 4%. When the reversal set in, the portfolio lost the entire week’s gains and ended slightly down for the week. Had I not been monitoring this closely I would not have felt any real change but the reality is I made the grave mistake of ‘counting’ those wins before the ‘dealin’ was done.’

I do however find peace in the numbers. With the portfolio just a few % points off all-time highs, I currently have $24,604 in live risk. $12,660 is found in names that I call ‘super trends’ which are positions held that currently have extremely large unrealized gains and stops at break even. For example, IRBT is a position that is up 143% and has a current stop of $52.00. This represents a live risk of $1,239.56 and while possible to be stopped out, definitely not probable unless we see a significant bear market. SHOP is another one that currently has a 102% return with a stop at $43.05. It is entirely possible for this stop to be hit however the stock would have to fall 50% and would definitely signal greater problems in the overall market should this transpire. My point is simple, while I never enjoy losing money in the short term, I am more than willing to sit through the shakes of the general market to see how this plays out as I have clearly identified, accepted and understand the risk I have in doing so.

I will go over more of the pre-1x opportunities when I shoot this weekend’s video but I want to say that out of the 14 names currently on that list, there isn’t a single one that doesn’t look worthy of becoming a big winner. In fact, whenever I go through stocks I like to ask myself ‘would I still by this name here’ and without a doubt I can say that these are names I would certainly be adding if right here and now if they already didn’t occupy a spot in the portfolio.

I will look to shoot a video later this weekend so look for that on the website for members only. If you haven’t yet considered joining our new membership site, I ask you to consider joining the 100 or so folks who have already jumped back into the community. We are not a day-trading, momentum service, I just simply relay the trades I am doing for my personal account and how a long term passive trend trading system has worked for me over the years.

Cheers!

 

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New Buy Into Weakness

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Stop Taken

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I've gone ahead and taken...

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