March 12th, 2020

Just before I update the portfolio, a reminder…

There has been much wringing of the hands and looking to the heavens in abject frustration at the state of the stock market.

I find it all more than a tad disingenuous. The intelligent use of protective stops would have saved many investors a lot of grief and money. For a complete description of their use and other risk management components, CLICK:

So, onwards and upwards. Our long position in gold represented by the ETF UGL was stopped out. The net result was: 400 shares purchased at $57.10, stopped out (trailing stop) at $55.13 at a loss of $788.

Our theoretical portfolio started at $100,000 in the first week of February 2020 had reached $108,605 (thanks mostly to the gain shorting oil), now, sadly, we have to subtract our loss of $788 which leaves us…$107,817.

The good news we are still short the S&P 500 by way of the ETF SDS. Our trailing stop has anchored us in a profitable position.

The Weekly Roundup coming over the weekend.

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