Trade Anatomy Portfolio
-3.05% MTD | +35.59% YTD
8 long | 1 buy | 0 sells
After a short hiatus over Thanksgiving and through last week, it's now time to get back to the weekend reviews. For the month of November, the portfolio was to the plus side by almost 5% and from the start of December, the portfolio had been maintaining its value fairly well. This last week, however, proved to be a bit of a challenge. With Friday's market action and our position performance, it felt as though we'd be better served extending our short break into an extended vacation for the foreseeable future.
On 12/09/15, we added SSNI at 15.03 with an initial stop at 13.30. Total position size was 4.34%. The chart is included with the position summary charts.
The majority of the open positions still remain in positive territory since their initial purchases. However, with Friday's price action several stocks have now moved within striking distance of their trailing stops. When sharp downturns occur, it's very easy to view your positions and assume a negative outcome is about to take place. It's a feeling that's always in the back of the mind and is constantly fought regardless of how systematic a trader you are because uncertainty is difficult to embrace. To combat these feelings, it's important to position size correctly from the onset and have a defined initial stop. Generally, during the first 8 weeks of any new trade, I focus on the systematic aspect because newer trades need time to develop their trends. As time progresses past 8 weeks, the trailing stops become more dependant upon the stock's rate of change and the trading alert indicator. Essentially, I'm using more discretion in my decision making to determine the appropriate time sell the position. Below are the current open positions.
The watchlist has been cut in half over the past week, and for the first time in awhile, there aren't any charts that I feel are worth sharing. Maybe once we get through this coming week, stocks will perk up a bit, and there will be a few to showcase.