Verisimi
- Thread starter Pekelo
- Start date
OK, after 2 months playing, let's have a summary.
Again, the goal is to mimic the market and staying out of big downturns. As you can see later, the mimicing part was achieved eventually, although not in a way I would have liked it.
The S&P started the year at 1418 and today it closed down at 1374, so YTD it is down -3%.
I am down -16.75 points, and since about 14 pts is 1%, that is about -1.2%, so I am beating the market by 1.8% so far, although still in the red. Although there is a built in 4% profit, so absolute I am still in the green...
The biggest mistake was switching back to long too early from the short position last Tuesday. Had I stayed short for the day, I would have gained 3% instead of going down with the market. When I am short and the market is falling counts double vs. the market so my edge would be 6% over the market right now...Big miss...
So far only 1 unit has been used, although I can average down with another unit if I decide to do so.
Since I have an edge over the market right now, and I also don't think this would go much lower, I am going long from here....
Long from 1475
Again, the goal is to mimic the market and staying out of big downturns. As you can see later, the mimicing part was achieved eventually, although not in a way I would have liked it.
The S&P started the year at 1418 and today it closed down at 1374, so YTD it is down -3%.
I am down -16.75 points, and since about 14 pts is 1%, that is about -1.2%, so I am beating the market by 1.8% so far, although still in the red. Although there is a built in 4% profit, so absolute I am still in the green...
The biggest mistake was switching back to long too early from the short position last Tuesday. Had I stayed short for the day, I would have gained 3% instead of going down with the market. When I am short and the market is falling counts double vs. the market so my edge would be 6% over the market right now...Big miss...
So far only 1 unit has been used, although I can average down with another unit if I decide to do so.
Since I have an edge over the market right now, and I also don't think this would go much lower, I am going long from here....
Long from 1475