Not that big of a deal — to be honest. My Bubble Basket is +30% for the year. The impressive part of the Quant strategy is the mechanized approach to it all, coupled with the creativeness to find a system that can beat the SPY — and it’s working. Thus far, my gains in this account for 2019 is +17%.
Trading accounts are likely to have higher returns — but that’s highly subjective trading and not exactly repeatable. You get the flu, or a stomach virus — next thing you know — you’re long LYFT and end up getting blow out this morning for a -17% drubbing.
I digress.
I sold LYFT this morning for -17% loss.
For the month of April — the Quant is positioned more conservatively, sourced 50% from a value pool, and long TLT and some utilities.
Markets are +200 — but it feels a lot weaker. I haven’t had a chance to scour the market yet — as I’ve been busy with my longer term stuff this morning, as well as dealing with dog and her vet.
Sty tuned for my intra-day take soon.
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$AAPL trying to ruin the party.
“I’ll only show you my left one.”