True Profits Earned in 2014 to date: US$34,473.78
Current drawdown from maximum true profit earned in 2014: US$1984.06
Change from last week: -US$1039.24
Directional stance: (Still) awaiting a pullback.
Markets hitting new highs in the past week. Still sitting tight but as the portfolio is currently geared towards profitting from a pullback, there will be increased drawdowns as the markets continue to climb for now. It is still a long-term bull unless otherwise proven and it is always a little hairy to be trading against the trend. It might have been prudent to have reset the portfolio to a neutral stance at some point previously. Let's see how high the markets can climb before we see a pullback of significance.
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