I've been tracking a portfolio since 7/18 and I'm beating the market

jmm07e said:
Alright so I know this is only a short term track record and I would really need a long term record to prove my ability. But, I've been tracking my portfolio since 7/18 and the market is down (2.7017%) and my portfolio is up 0.6102%.

All I did was look at every companies fundamentals and segmented my best companies and my worst companies. I went long on the best and short on the worst.

Along with some other tweaks that I don't want to reveal, I've been crushing the market.

Hopefully I can keep up the momentum.
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Good luck. Most of us small mom and pop amateur retails started out like you. The key to long term survival is keep reading, studying, testing and adjusting your strategy. Hopefully you will become one of the ET success stories.

On a side note, it is actually better for you if you started out losing money because then you will learn why, learn risk management, Kelly, backtest, etc. It will test your perseverance because perseverance is what will keep you in the game when nothing seemed to work. It happened to the best of us.
 
jmm07e said:
Alright so I know this is only a short term track record and I would really need a long term record to prove my ability. But, I've been tracking my portfolio since 7/18 and the market is down (2.7017%) and my portfolio is up 0.6102%.

All I did was look at every companies fundamentals and segmented my best companies and my worst companies. I went long on the best and short on the worst.

Along with some other tweaks that I don't want to reveal, I've been crushing the market.

Hopefully I can keep up the momentum.
More...
Two weeks and beating the mkt by 3.1% is not exactly crushing.
How many positions does this involve?
 
This is a great description of current times, people think 2 weeks of performance is relevant. My guess is your results are just random, you got lucky and you will stop posting as your results won't keep up.
 
Nobert said:
More power to you.

But if we are talking about 18/07/2019, than it's anything except - enough.

Some hedge funds, hits a lucky streak for 2/3/4 years, until reality ,,reveals itself".
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Understood. I posted to see everyone's reaction to the trade idea.
 
zdreg said:
Do you mean .6102% or 61.02%?
.6102% = .006102
61.02% = .6102

"All I did was look at every companies fundamentals and segmented my best companies and my worst companies. I went long on the best and short on the worst."
That's the original way hedge fund operated in the old days. Nowadays they make leveraged directional bets.
Then they pray the rich suckers give them enough money while they rake in millions in management fees. Eventually they blow up.
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I meant what I said. I know the difference.
 
bone said:
I embrace your enthusiasm. Please do not draw any conclusions after twelve days of market exposure. Carry on, and I wish you good fortune.
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Thank you for the encouragement. Greatly appreciate it. I'll keep everyone updated.
 
DaveV said:
I can't know for sure what exactly your strategy is, but I can tell you that when the market is going down, almost any strategy that is long on high quality/high dividend stocks, and short on high beta/high P/E stocks will beat the market. When the market is going up, the opposite is true. You need to give your strategy a few more months to see if is really a market beater.
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I agree. I use a number of fundamentals. I can't tell everyone the exact strategy. But I'm going to keep tracking and updating. I think in the long run it should play out very well.
 
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