One thing that really irks me is to see a position of mine underperform the broad indices. I have very little patience for losers in my portfolio. To paraphrase Paul Tudor Jones, winners add winners, while losers average losers. In that vein, I sold out of $JMBA (made a penny on the trade lol). There is still a lot to like about this firm, but I am not going to stick around right now to find that out.
In its place, I bought back in to a full position of $SWSI, which I have traded before. It was also one of my featured setups for this week.
All trades are timestamped inside The PPT.
NOTE: Introducing Brandon Hardesty.
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TOTAL PORTFOLIO:
EQUITIES: 34%
- LONG: 34% ($GSI $RDWR $BX $SAPE $POWR $SWSI)
CASH: 66%
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hey pro,
not sure what else can be said: ” Paul Tudor Jones, winners add winners, while losers average losers” !!!
good day!
🙂
I get your frustration with JMBA. Ever since you mentioned it, I started watching. It registered a 13 countdown sequential buy on 7/29 (Tom Demark sequential) just like FCX did around July 1. Hopefully, the result will be a solid move to the upside.
Thanks for your continued solid analysis.