Weekend Review | Trading Update

Trade Anatomy Portfolio 

+1.06 MTD | +13.8% YTD

Position Summary

10 long | 1 buy | 2 sells

Watchlist Summary

30 candidates

 

Commentary

The month of August has started off in the right direction with a continued push higher in the portfolio.  This last week, UBNT, OCLR and BEAT moved up strongly in conjunction with their earnings' reports being released.  They were the main contributors to the bottom line.  UBNT in particular has accounted for roughly 2% of the total portfolio appreciation.  Several others are also acting well, but like any portfolio you have to cut the one's which lag behind.  On the 8/3, IESC and BSFT were cut loose near their stop points.  In total,  they had a -.82% effect on the portfolio's total return.  

Reviewing Trades and Watchlist Ideas

During certain points of the year, I like to review old trades and ideas from the watchlist.  It helps solidify my trading process, but also lets me see both my good and bad decisions.  Most traders tend to lament on the trades they missed that made strong moves, but rarely do they recall the trades they skipped that went the wrong direction.  In trading, you're going to see both sides, so if you are going to beat yourself up for missing a few good trades, you might as well give yourself a pat on the back for missing a few bad trades.  Naturally, if you're missing almost every strong trade that comes from your watchlist then you have another problem entirely.  But, a few here or there is just a normal occurrence in trading especially if you have a cohesive watchlist of like pattern setups.  

Watchlist Summary

The main screen and secondary screen still remain healthy. Likewise, the watchlist quality continues to improve as the market works through this quarter.  Below are a few from the list of candidates.

 

 

 

 

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