Tailz fund began to touch the index this week and continued climbing out, slightly beyond it by Friday. Now up 28.5% YTD vs. 27.7% for the S&P 500. Same story - trading too small, cutting winnerz too early, being a cowardly fraidy-cat and getting hysterical at the first sign of success. George Soros would have been saying all week "you call that a position? " and "why are you selling, I will buy all your holdingz"
Tailz fund kept going up this week, now flirting with a new high for the year at 31.8% vs. 27.0% for the S&P 500. No positions on going into the weekend. Many of my favorite stocks are showing signs of fatigue, even breaknig their trendz in rare cases. But this week was all DJT. What can I say, a small gamble got bigger and bigger as the price action unfolded. Then I sold yesterday at the top of the range, because of all the threads started by Scatty in the TA forum.
Tailz fund went up a little more this week, now posting 32.8% vs. 24.3% for the benchmark. Nice little move up considering how bad it could have been. Bought back my main stock after it broke out but it acted like a neighbor's cow after seeing my bull, standing in the gate like she was about to leave, then turning back again, over and over. So I sold it in anger, about three hourz before the FOMC freak show. Then, a couple dayz later one of my other favorite stocks was in the dry-heave stage, having puked out a lot of its gains in the weeks prior. The market smackdown could not even push it below its previous low, so I started buying right around the time Mark Brown was averaging down. And then it became a little beach ball under water. The next leaders are usually the ones that bounce first. In any case, account made a solid new high for the year, and now it's time to exercise caution. I always do something stupid when my equity curve looks like this:
Tailz fund lost 2% this week, and on a week when the index rose .9%. Something slipped, my methodz got found out, or it's just time to hang up the mouse for a while. My little beach ball underwater last week got impaled by a swordfish, first thing Monday morning and it was a losing battle from that point on. Equity curve showing a sell signal. Taking next week off and chopping size to 1/10th what it was (~1% per trade) until my tricks start working again. Risk management is the only edge! (For me, since I'm not a guru, multinick maestro, ES Master Trader, or have enough money to just keep averaging down).
2024 year end report: Tailz fund returned 30.8% vs. 28.6% for nasdaq and 23.3% for S&P 500. Definitely a happy ending, but a total outlier in the 14 years I've had a brokerage account. Lots of alpha during brief moments, and lots of opportunity to tighten up the risk management when the strat loses its edge. And what is the strat? Basically a hybrid of the methodz used by the (3) market wizards mentioned before, and Jesse Livermore's method in his book "How to Trade in Stocks". You just look for the easiest money the market is offering, and hop on the train! You'll have to excuse the phone screenshot. The E*Trade web based graph is still hung over from the festivities, and unable to load:
Greetings, my Elite friendz. On my week off I raked up a bunch of manure, and had a powerful epiphany while wondering why the cows (and bull, especially) keep coming back to the same spot every day, several times, sitting around and pooping, rubbing on the same tree, sitting in the same dirt, over and over again. It's their nature to form habits, and when I zoomed out my charts I seen it real clearly that price loves to come back to certain spots, over and over again. But I never saw it before because I was chasing, not waiting for the habit to bring it back, where I could be waiting..... I hope you enjoyed the first few months of this journal, which was meant to uplift and inspire. Going forward into 2025 I will update it on a 1-3 month interval, depending on how badly I feel the need to brag.
Your subconscious mind has already caught onto the fact that long options with less than a month to expiry are a death sentence to your account! Unless you are a Guru.....