My Stock Portfolio and Performance.

I don't think I could ever get back to that previous risk level. The late April drawdown has to much impact on it.

I have no interest in managing people's money atm. The only thing that interests me would be working for a financial institution as a trader.
 
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My portfolio continues to struggle with that 63-64k profit point. The market has been choppy, but I have my portfolio pretty heavily invested and set. None of my holdings are close to being stopped out either. One delightful observation is that my portfolio is in a uptrend while the major indices move sideways. Hopefully the divergence continues :)

Perhaps there is interest in a trade I took yesterday. I went long MBLY in the morning session with an average price of 60.20. I plan to swing this for a while. My stop will be set at 54.78. This one continues to make higher moves while most other car suppliers are going up much slower or moving sideways. In short, it has the strongest RS out of all car suppliers(and NO I do not follow Investors Business Daily).

This is just one of my holdings although it does represent 23.3% of my portfolio.

What do you guys think? Is MBLY to heated up or is the party just starting?
 
Never seen it before. Apparently, small cap international growth out of Israel. A maker of camera based driver assistance technology. Very high tech.

Earnings come out on 08/06. Based on recent quarters, it can still go anywhere even if it beats.

Small caps have definitely been on a tear lately.
 
Yes I have four of my Longs reporting this week. So I will most likely be getting a huge bump or bust in PnL.

I would categorize MBLY as a Large cap stock and yes they are from Israel. The whole concept of ADAS is here to stay and is just growing immensely. So I am excited about the company and its potential. I am a bit reluctant on the fact that it did IPO not to long ago, but my conviction remains that this is a stock that wants to go higher.
 
I think what you are trying to say is that its sales are comparable to that of a small cap, but the reality is that there is over 13 billion in market value standing behind this company. This would consititute it as a large cap by most industry standards. One can argue it is not worth that much, but that is a different discussion.

See here:
http://www.investopedia.com/articles/basics/03/031703.asp
 
xandman said:
I guess your right. Those are really insane valuations.

Best of luck.
More...

I was unfortunately stopped out of MBLY on the morning sell off and it ended up recovering the huge swing EOD. It happens :(
 
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I feel like it is worthwhile to point out how good of a week I had. I had a small gain of 0.5% while SPY and QQQ performed at -1.25% and -1.48%. The spread of my performance vs the overall market is quite substantial, and I came in at just about a 2% performance gain against the QQQ's. Super stoked going into next week and still holding all my positions except for MBLY which my stop ended up being completely wrong, but the past is the past. I will not revisit the name. My portfolio remains disproportionally bullish with 5 longs and 1 small short position.

A huge milestone for me would be to hit the 50% mark. I think I am going to set a goal to reach it by the end of this month. I feel like hitting numbers like that is above what most professionals are able to do and it proves a lot of what I am trying to accomplish. I also wonder how scaleable my strategy would be given that my holding time is around 1-3 months for the majority of my trades. I think it would peak the interest of a lot of hedge funds.
 
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