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Rol
Registered: Jul 2009
Posts: 425 |
03-26-12 10:57 PM
code:
Symbol Open P/L Open P/L % Average Price Quantity Total Cost Description
JCP ($308.69) -8.61% 39.37 91 $3,583 Penney (J.C.)
DELL ($4.97) -0.42% 16.77 71 $1,191 Dell Inc
AMGN ($3.26) -0.09% 67.57 54 $3,649 Amgen Inc
LXK $18.48 1.53% 33.64 36 $1,211 Lexmark Intl'A'
XLE $47.30 0.99% 72.13 66 $4,761 S&P Sel Energy Spdr Fund
CAM $72.22 3.06% 51.29 46 $2,359 Cameron International Corp
XLU $116.49 0.84% 34.63 400 $13,852 S&P Sel Utilities Spdr Fund
EWZ $290.29 2.21% 65.55 200 $13,110 iShares MSCI Brazil Index Fd
Symbol Type Filled/Canceled
EWH Sell 03/26/12 02:59:05 PM
ETR Sell 03/26/12 02:59:03 PM
AFL Sell 03/26/12 02:59:03 PM
VTR Sell 03/26/12 02:59:03 PM
ESRX Sell 03/26/12 02:59:02 PM
EPP Sell 03/26/12 02:59:02 PM
LLL Sell 03/26/12 02:59:02 PM
LXK Buy 03/26/12 08:32:58 AM
Real-time Account Net Worth $36,057.36
Real-time Unrealized P/L $228.86
Real-time Realized P/L (Today) $191.27
Exposure 121%
I am still hanging on to XLU and EWZ. I decided I would be a pig with them and will not sell until they have a down close. JCP illustrates why adding to crappy down trending stocks is bad. It could not even rally on a big up day today in the markets. I will wait until the lasts sellers give up on it, and then maybe it can rise a bit from its current zone of support. Realized gains today dont seem too impressive, but Net Worth went up about $700 today from Fridays close.
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macrotrader
Registered: Apr 2009
Posts: 92 |
03-27-12 09:12 PM
I think the old strategy was better.. beating SPY is very hard in my opinion. All the best anyway. Edit: I justed noticed you went back to stocks?
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Rol
Registered: Jul 2009
Posts: 425 |
03-28-12 12:16 AM
Quote from macrotrader:
I think the old strategy was better.. beating SPY is very hard in my opinion. All the best anyway. Edit: I just noticed you went back to stocks?
Hi macrotrader, as always, I appreciate the input from you and others who take the time to provide wise counsel. It makes this journal worthwhile. Enough people have mentioned the efficiency of major indices to convince me that stocks are the way to go. I am sticking with the SP500 right now though, and some ETFs. Stocks to me are volatile like 2X and 3X ETFs, without the decay and margin restrictions on occasion. Also, I dont need to put so much capital at risk as I would with the SPY to witness tradable price changes.
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I should have gone flat XLU and EWZ at the close today. I will have to look at my code when I get home tonight. I may need to exit them manually tomorrow to preserve profit and reduce exposure to this toppy market. I have 1440-1450 on the S&P as an area I would like to short the middle to end of April. I plan to close all my longs by the end of April and see if the markets change starting in May (Sell in May and go away). JCP managed a small bounce in this down market today. I am going to maintain a stop just below 36 and only move it up.
Real-time Account Net Worth $35,921.10
Real-time Unrealized P/L $41.14
Real-time Realized P/L (Today) $51.78
Exposure 108%
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Rol
Registered: Jul 2009
Posts: 425 |
03-29-12 01:31 AM
code:
Symbol Open P/L Open P/L % Average Price Quantity Total Cost Description
VZ ($33.48) -1.39% 38.76 62 $2,403 Verizon Communications
XLE ($29.50) -0.16% 71.26 266 $18,955 S&P Sel Energy Spdr Fund
DELL ($17.04) -1.43% 16.77 71 $1,191 Dell Inc
LXK ($14.21) -0.60% 33.63 71 $2,388 Lexmark Intl'A'
SWY ($11.10) -0.97% 20.36 56 $1,140 Safeway Inc
SUN ($8.21) -0.71% 38.71 30 $1,161 Sunoco Inc
ICE ($4.23) -0.34% 136.59 9 $1,229 IntercontinentalExchange Inc
AMLP ($3.99) -0.33% 16.66 72 $1,199 Alerian MLP ETF
EOG ($3.74) -0.31% 109.96 11 $1,210 EOG Resources
R ($0.12) -0.01% 52.74 23 $1,213 Ryder System
APC $1.95 0.17% 77.25 15 $1,159 Anadarko Petroleum
MRO $2.88 0.25% 31.59 36 $1,137 Marathon Oil Corp
DNR $4.58 0.39% 18.06 65 $1,174 Denbury Resources
JCP Sell 03/28/12 01:19:52 PM
XLE Buy 03/28/12 12:41:30 PM
XLE Buy 03/28/12 09:37:06 AM
SUN Buy 03/28/12 09:24:42 AM
DNR Buy 03/28/12 09:24:07 AM
EOG Buy 03/28/12 09:22:38 AM
MRO Buy 03/28/12 09:20:56 AM
XLU Sell 03/28/12 09:20:21 AM
APC Buy 03/28/12 09:19:52 AM
EWZ Sell 03/28/12 09:17:07 AM
AMLP Buy 03/28/12 09:15:34 AM
SWY Buy 03/28/12 09:14:52 AM
ICE Buy 03/28/12 08:43:58 AM
LXK Buy 03/28/12 08:43:57 AM
R Buy 03/28/12 08:43:53 AM
VZ Buy 03/28/12 08:31:43 AM
Real-time Account Net Worth $35,500.30
Real-time Unrealized P/L ($117.27)
Real-time Realized P/L (Today) ($262.27)
Exposure 100%
Stopped out of JCP for $300 loss. Stopped out of XLU and EWZ for a net ~$60 gain. Over weighted in energy through XLE and various stocks. I would estimate that the market hangs around the 1400 level on the S&P for the near term.
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Mike805
Registered: Jul 2004
Posts: 1768 |
03-29-12 05:32 AM
Hi Rol,
Just wanted to give you a brief note on risk management because I notice you're 100% exposed and 100% long with what looks to be heavy energy & utility.
You've done your homework, but, I remember you did have some solid DD's last year. DD's are part of the biz, we all have them, but I'm seeing an allocation here that can get you into some trouble eventually. It may not happen tomorrow, tomorrow may be a good day (or not) for this portfolio, but, the next time you load up too much in one sector with 100% long it may not be so nice.
Have you thought about adding a short component and limiting long exposure to 60%? Say, never being more than 2 to 1 long to short? You could probably do some beta hedging with SPY fairly easily...
What about limiting sector exposure? No more than 10% or so to any one sector/fundamentally group?
Just some suggestions to possibly avoid major DD's.
Mike
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vcir
Registered: Jun 2002
Posts: 13 |
03-29-12 11:38 AM
Quote from Mike805:
Hi Rol,
Just wanted to give you a brief note on risk management because I notice you're 100% exposed and 100% long with what looks to be heavy energy & utility.
You've done your homework, but, I remember you did have some solid DD's last year. DD's are part of the biz, we all have them, but I'm seeing an allocation here that can get you into some trouble eventually. It may not happen tomorrow, tomorrow may be a good day (or not) for this portfolio, but, the next time you load up too much in one sector with 100% long it may not be so nice.
Have you thought about adding a short component and limiting long exposure to 60%? Say, never being more than 2 to 1 long to short? You could probably do some beta hedging with SPY fairly easily...
What about limiting sector exposure? No more than 10% or so to any one sector/fundamentally group?
Just some suggestions to possibly avoid major DD's.
Mike
I absolutely agree, No matter the trend, i always have some exposure on the other side (right now eleven open trades, three of which are short). It really limits your DD, and sometimes you have the extra perk of seeing all your trades going your way!
All the best,
vcir
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