Just checked the performance of SPY over the last one year. It is up 5.7%, while a broad market portfolio (I maintain) median performance is down 14%. Crazy AMZN, AAPL, FB, NFLX and TSLA are driving the market. Not sure where these will head to in the next six months.
Indeed, the S&P 500 has more or less become the S&P 5. This concentration on so few tickers might one day come as an unexpected surprise to many. Congrats on your good Q2 results.
True. Some creative soul should create a pseudo-index called the S&P 495 and post it somewhere on the internet, updated daily, so we can all get a better look at what the real world is doing.
TSLA now at 1394 (after-hours). Getting ridiculous. Won't end well for some people. Lost a little bit today on this, but not a whole lot.
@neke you have been at it since 1999, would you do it again if given the chance to redo? Hope you have a good 2020.
Yes, will do it again - maybe a little adjustment (which I craft all the time). Important thing is if the method makes gain in the long run. In prior times I could have had a colossal loss thru doubling down. Not any more.
Period Update 07/04/2020 - 10/04/2020 ---------- Bad quarter, down 17K (13%) Started on a terrible note the first month. Happy to recover some of the losses. Could have been much worse. Code: For 2020 Starting Balance: 123,272 Cumulative P/L: -34 Start Date End Date P/L Withdrawal Closing Balance 2020-01-04 2020-02-01 8,384 0 131,656 2020-02-01 2020-02-29 -52,889 1,450 77,317 2020-02-29 2020-04-04 25,925 0 103,242 2020-04-04 2020-05-02 1,949 -3,100 102,091 2020-05-02 2020-05-29 17,774 0 119,865 2020-05-29 2020-07-04 16,069 -2,000 133,964 2020-07-04 2020-08-02 -24,110 0 109,854 2020-08-02 2020-09-06 4,342 0 114,196 2020-09-06 2020-10-04 2,522 0 116,718
I don't have much weight here, but I found day trading to be a losers game. Predicting small squiggles and "good" looking intraday patterns is for pennies. Easy money is made holding out for a few days on strong stocks. The only way to make sure to capture that is to be in and waiting. I know little about your strategy, but know you do day options plays. Do you hold for multi-day swings? I have not had a down month since March, averaging down on positions on bad days and selling into good rallies. With your programming skills, you could probably do much better than me.