I really have to say I am aggravated with myself here... to a point. Although confident in the names longer-term, the short term is a bear- figuratively and literally. The portfolio gave its relative gains, since inception, this week losing nearly 7% on the back declines in the coal stocks. Relative to the market, the portfolio lost more than 700 basis points versus a gain of 33 basis points in the broader market.
This leaves the portfolio having gained only just over break-even since inception, or a loss of 5 percentage points relative to the S&P 500. I am making a concerted effort to come up with more diversity in the portfolio (recommendations) in this trading portfolio.
No comments:
Post a Comment