I am clawing back some gains in this marketplace, with the bulk of the progress spearheaded by the action surrounding Weibo. I did not take a position in Weibo but my plan of attack on SINA began to fruit and I took a nice trade in Twitter. My book is now down a mere 11% year to date.
The question now is whether I should be raising cash. This is my third month of seeing many options vanish from my portfolio and good riddance to the lot of them. My book is clean now and I intend to sell more of it. But for now it stands as follows:
Largest-to-smallest: LO, TWTR, AMBA, SINA, CREE, RVLT, DDD, YGE, FCEL, OESX, TSLA, and GRNH
I plan to peak out at 12 positions but may go as far as 15 if I simply cannot close a position. I am questioning some of my favorite plays for their merit.
Futures trading went well, my algo traded well too. This was day two of all systems running in harmony and my system showing me tons of confidence. I will continue testing however into the more aromatic sessions as the month progresses and “Sell in May” becomes a discussion.
I am in no rush. I can tell you this, with confidence, if I had some sort of urgency for keeping a roof on my head and food in my belly, then I would certainly fail. One must wear a few hats to properly pursue their dreams, IMHO.
Have a great Easter holiday and enjoy a working day with the market closed. These working days always blow my mind, the amount of work I am able to complete with the market closed.
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i don’t see yelp in this portfolio, sir.
I have to make room, because I like it
Raul, I hope you have a wonderful & productive weekend. Maybe the celebration of Christ’s resurrection will inspire a resurrection of $YGE , and we’ll se it move up into the heavens…
Happy Easter UcB
+1
I tell you from personal experience…
When one’s trading account MUST serve as an income producing tool, then proper and level-headed decision making is impaired (and becomes outright impossible under stress).
An active speculator/investor must condition himself like an athlete. A perfect harmony of body and mind, avoidance of stress and conflict (supportive wife is a must!), but most indispensable is psychological balance of Impulsivity and Harm Avoidance.
In english: your account balance is not money, but a money producing tool. -11% is nothing, you’ll back on a top sooner then you think, just be careful. GL
I couldn’t agree more iBerg, and thanks for the well wishes.
$LO weekly shows real strength
Hard to sell this one, no real change of course detected yet. It’s still trading in a microcosm.