Trade Anatomy Performance
+ 2.03% MTD | +22.14 % YTD
11 positions | 1 buy | 4 sells | 61% Invested
9 total | 1 addition | 10 deletions
For the month of June the Trade Anatomy portfolio was up 2.03%. We are also up 22.14% for the year with 61% of our capital allocated to stocks. The month of June was another trendless endeavor for most indexes. In mid-June it looked as though we were ready to push higher with the indexes as the small cap index was leading the way. Instead we had a round trip and not many souvenirs to hand out once we returned. I've included our current open positions tab as of the end of June. You'll notice that several positions have been removed from the portfolio, and you can see all closed trades here.
For the week we added 1 new position on July 1st and had 4 sells for the week. We added SCLN to the portfolio at 9.95. SCLN had been on the watchlist for several weeks and had strong price action the day prior to July 1st. We sent out a note to subscribers that we would be issuing a trade for the next day. It's always a nice surprise when a stock makes a move of over 14% the day you buy. Although rare it does happen from time to time, but the key point is that we followed our system and removed the trading noise from the situation. We could have easily skipped the SCLN trade because of the overall market noise being generated at the start of the week, but we didn't. We chose to trust our process. The initial move was just that, an initial move. Going forward we will manage the position and adhere to our trailing stop. On the sell side last week were TNP, IPHI, MSLI, & CYBR. TNP was closed out for a +20% gain while IPHI was closed out for a +14% gain. On the downside was MSLI for -6.92% and CYBR for -9.46%. Below is a quick link to all closed trades for greater detail.
With the recent market action, the watchlist has seen quite a bit of attrition over the last week and a half. We are currently observing 9 names. The most notable of which are MDXG and MBLY. Besides these 2 names not much else is worth mentioning at this time. Also during the month of June we issued 4 trade ideas from the watchlist. 2 have survived while 2 have already been removed. CORT and BSFT were both removed for loses. CORT lost 11.46% while BSFT lost 9.45%. EVC and OXM are the 2 longs remaining. EVC is up +9% and OXM is up +3% since June 10th.