Getting there
Well, the portfolio is getting there. I'm closing in on being caught up with all the trends. I have 18 positions that are trending up. Six of those are "trend gains", meaning the trend support line is above my purchase price. In the next month, I will add nine more to that list, assuming they don't get stopped out. That will put 15 of 18 positions in the money. The others are further out than a month with PWEI being the longest at 7 weeks. The other positions are not trending.
My stop risk is still pretty significant with a total 3% stop loss rist currently. However, that number will drop every week until I get caught up, at which point it will turn positive and, hopefully, grow to a very large number.
The trend following trading method really renders daily gain/loss numbers meaningless. Unless the stock stops out, nothing of any consequence has really happened. That makes me happy on days like today when I lost over 1% while the market lost less than half a percent. I just have a bunch of stocks at the top of their trend channels coming down into the middle. I counted earlier, and of the 18 trenders, something like half had come from the top to the bottom half recently. That explains my rough time of it against the market lately. All my positions were overbought! No biggie. I'm convinced that by the end of the year I'll have some good numbers to put up.
The other thing trend following does is it makes individual stock reports pretty useless. I mean, what am I supposed to say? Still following the trend. Yup. Lookit it go.
I'll still continue to report FMV and unrealized gain numbers at the end of the month, even though those numbers don't mean squat to me. I need to compare apples to apples, and unrealized gain is the best way to do that when comparing my results to the market. And to other bloggers, etc.
Speaking of bloggers, I've happened upon a few that are fun to read. As soon as I get things figured out on here I'll link them.
There are other things I'd like to do here, but I don't know how easy they'll be on the blogger format. Problem is, I'm not a computer guy, so I won't be able to create anything on my own.
My stop risk is still pretty significant with a total 3% stop loss rist currently. However, that number will drop every week until I get caught up, at which point it will turn positive and, hopefully, grow to a very large number.
The trend following trading method really renders daily gain/loss numbers meaningless. Unless the stock stops out, nothing of any consequence has really happened. That makes me happy on days like today when I lost over 1% while the market lost less than half a percent. I just have a bunch of stocks at the top of their trend channels coming down into the middle. I counted earlier, and of the 18 trenders, something like half had come from the top to the bottom half recently. That explains my rough time of it against the market lately. All my positions were overbought! No biggie. I'm convinced that by the end of the year I'll have some good numbers to put up.
The other thing trend following does is it makes individual stock reports pretty useless. I mean, what am I supposed to say? Still following the trend. Yup. Lookit it go.
I'll still continue to report FMV and unrealized gain numbers at the end of the month, even though those numbers don't mean squat to me. I need to compare apples to apples, and unrealized gain is the best way to do that when comparing my results to the market. And to other bloggers, etc.
Speaking of bloggers, I've happened upon a few that are fun to read. As soon as I get things figured out on here I'll link them.
There are other things I'd like to do here, but I don't know how easy they'll be on the blogger format. Problem is, I'm not a computer guy, so I won't be able to create anything on my own.
posted by mccrok @ 11:11 PM
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